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Sep 30, 2024
Transdigm Q4 2024 Earnings Report
Reported an 18% increase in net sales and a 13% increase in net income compared to the prior year's quarter.
Key Takeaways
TransDigm Group reported strong Q4 2024 results with an 18% increase in net sales to $2,185 million and a 13% increase in net income to $468 million. Adjusted earnings per share rose by 22% to $9.83. The company issued full year fiscal 2025 guidance, expecting continued growth across its commercial and defense markets.
Net sales increased by 18% to $2,185 million compared to the prior year's quarter.
Net income increased by 13% to $468 million from the prior year's quarter.
Adjusted earnings per share increased by 22% to $9.83.
EBITDA As Defined increased by 19% to $1,149 million with a margin of 52.6%.
Forward Guidance
TransDigm expects continued growth in commercial OEM, commercial aftermarket, and defense markets for fiscal year 2025.
Positive Outlook
- Net sales are anticipated to be in the range of $8,750 million to $8,950 million, an increase of 11.5% at the midpoint.
- Net income is anticipated to be in the range of $1,887 million to $1,999 million, an increase of 13.3% at the midpoint.
- Earnings per share is expected to be in the range of $31.47 to $33.39, an increase of 26.6% at the midpoint.
- EBITDA As Defined is anticipated to be in the range of $4,615 million to $4,755 million, an increase of 12.3% at the midpoint.
- Adjusted earnings per share is expected to be in the range of $35.36 to $37.28, an increase of 6.9% at the midpoint.
Challenges Ahead
- Commercial OEM revenue growth is expected in the mid single-digit percentage range.
- Commercial aftermarket revenue growth is expected in the high single-digit to low double-digit percentage range.
- Defense revenue growth is expected in the high single-digit percentage range.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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