TransDigm Group Reports Fiscal 2020 First Quarter Results

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Vertical Research Partners Upgrades Eaton Corporation (ETN) to Buy

February 6, 2020 8:00 AM EST

Vertical Research Partners analyst Jeffrey Sprague upgraded Eaton Corporation (NYSE: ETN) from Hold to Buy.

For an analyst ratings summary and ratings history on Eaton Corporation click here. For more ratings news on Eaton Corporation click here.

Shares of Eaton Corporation closed at $102.34 yesterday.

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TransDigm Group (TDG) Tops Q1 EPS by 29c, Revenues Beat; Offers FY20 EPS/Revenue Outlook

February 4, 2020 7:18 AM EST

TransDigm Group (NYSE: TDG) reported Q1 EPS of $4.93, $0.29 better than the analyst estimate of $4.64. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.45 billion.

First quarter highlights include:

Net sales of $1,465 million, up 47.5% from $993 million;Net income from continuing operations of $233 million, up 18.9% from $196 million;Earnings per share from continuing operations of $0.83, down 72.8% from $3.05;EBITDA As Defined of $681 million, up 39.8% from $487 million;Adjusted earnings per share of $4.93, up 28.1% from $3.85; andReaffirmation of our previously stated guidance for fiscal 2020 Sales, EBITDA... More