TransDigm Group (TDG) Tops Q1 EPS by 10c, Offers FY Guidance

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TransDigm Group Reports Fiscal 2017 First Quarter Results

February 7, 2017 7:15 AM EST

CLEVELAND, Feb. 7, 2017 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the first quarter ended December 31, 2016.

Highlights for the first quarter include:

Net sales of $814.0 million, up 16.0% from $701.7 million; Declared and paid a special dividend and related dividend equivalent payments of $1.36 billion, or $24.00 per share; Net income of $118.9 million, down 8.2% from $129.4 million, primarily due to refinancing expenses; Earnings per share of $0.41, down 81.6% from $2.23, primarily due to dividend equivalent... More