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Sep 30, 2023
Transdigm Q4 2023 Earnings Report
Transdigm's Q4 2023 performance showcased significant growth, driven by strong sales and margin expansion.
Key Takeaways
TransDigm Group reported a strong fourth quarter with net sales of $1,852 million, a 23% increase year-over-year. Income from continuing operations rose by 56% to $414 million, and adjusted earnings per share increased by 46% to $8.03. The company's EBITDA As Defined margin was 52.0%. Additionally, the company declared a special cash dividend of $35.00 per share.
Net sales increased by 23% to $1,852 million compared to the prior year's quarter.
Income from continuing operations grew by 56% to $414 million year-over-year.
Adjusted earnings per share rose by 46% to $8.03 compared to the prior year.
The company declared a special cash dividend of $35.00 per share.
Forward Guidance
TransDigm anticipates continued commercial aerospace market recovery in fiscal year 2024, with favorable trends across commercial OEM, commercial aftermarket, and defense sectors. The guidance excludes any impact from the pending acquisition of the Electron Device Business of CPI.
Positive Outlook
- Net sales are anticipated to be in the range of $7,480 million to $7,680 million.
- Net income from continuing operations is anticipated to be in the range of $1,641 million to $1,753 million.
- Earnings per share from continuing operations is expected to be in the range of $26.61 to $28.55 per share.
- EBITDA As Defined is anticipated to be in the range of $3,870 million to $4,010 million.
- Adjusted earnings per share is expected to be in the range of $31.00 to $32.94 per share.
Challenges Ahead
- Guidance excludes any impact from the pending acquisition of the Electron Device Business of CPI.
- Market growth assumptions are subject to change.
- Commercial OEM revenue growth around 20%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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