RBC Capital Raises Price Target on Transdigm Group (TDG) Following 2Q Results
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TransDigm Group Reports Fiscal 2016 Second Quarter Results
May 10, 2016 7:15 AM EDTCLEVELAND, May 10, 2016 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the second quarter ended April 2, 2016.
Highlights for the second quarter include:
Net sales of $796.8 million, up 28.7% from $619.0 million; EBITDA As Defined of $368.6 million, up 28.0% from $288.1 million; Net income of $138.6 million, up 25.0% from $110.9 million; Earnings per share of $2.47, up 26.0% from $1.96; Adjusted earnings per share of $2.86, up 35.5% from $2.11; and Upward revision... More