TransDigm Group (TDG) Tops Q3 EPS by 14c, Beats on Revenues; FY17 EPS Guidance Midpoint Below Consensus

TransDigm Group (NYSE: TDG) reported Q3 EPS of $3.30, $0.14 better than the analyst estimate of $3.16. Revenue for the quarter came in at $907.7 million versus the consensus estimate of $902.52 million.

Fiscal 2017 Outlook

Assuming no additional acquisitions and based on current market conditions, the fiscal 2017 financial guidance remains as follows:

• Net sales are anticipated to be in the range of $3,530 million to $3,570 million compared with $3,171 million in fiscal 2016;
• Net income is anticipated to be in the range of $605 million to $619 million compared with $586 million in fiscal 2016;
• Earnings per share are expected to be in the range of $9.16 to $9.40 per share based upon weighted average shares outstanding of 55.6 compared with $10.39 per share in fiscal 2016;
• EBITDA As Defined is anticipated to be in the range of $1,693 million to $1,713 million compared with $1,495 million in fiscal 2016; and
• Adjusted earnings per share are expected to be in the range of $12.09 to $12.33 per share compared with $11.49 per share in fiscal 2016.

GUIDANCE:

TransDigm Group sees FY2017 EPS of $12.09-$12.33, versus the consensus of $12.29. TransDigm Group sees FY2017 revenue of $3.53-3.57 billion, versus the consensus of $3.55 billion.

Highlights for the third quarter include:

• Net sales of $907.7 million, up 13.8% from $797.7 million;
• Net income of $169.1 million, up 5.2% from $160.6 million;
• Earnings per share of $3.08, up 6.9% from $2.88;
• EBITDA As Defined of $442.9 million, up 15.4% from $383.9 million;
• Adjusted earnings per share of $3.30, up 6.8% from $3.09; and
• Reaffirms previously stated fiscal 2017 financial guidance.

For earnings history and earnings-related data on TransDigm Group (TDG) click here.

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