TransDigm Group Reports Fiscal 2019 Second Quarter Results
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TransDigm Group (TDG) Tops Q2 EPS by 33c, Revenues Beat; Raises FY19 EPS/Revenue Views Above Consensus, Boosts FY19 Adj. EBITDA Outlook
May 7, 2019 7:22 AM EDTTransDigm Group (NYSE: TDG) reported Q2 EPS of $4.21, $0.33 better than the analyst estimate of $3.88. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.13 billion.
Net sales of $1,195.9 million, up 28.2% from $933.1 million;Net income from continuing operations of $202.4 million, up 0.3% from $201.8 million;Earnings per share from continuing operations of $3.60, down 0.8% from $3.63;EBITDA As Defined of $571.8 million, up 23.5% from $463.1 million;Adjusted earnings per share of $4.21, up 11.1% from $3.79; andUpward revision to fiscal 2019 sales, EBITDA As Defined and adjusted earnings per share... More