TransDigm Group Reports Strong Q1 Earnings, Exceeding Expectations
CLEVELAND--(BUSINESS WIRE)--TransDigm Group Inc. (TDG) reported first-quarter fiscal results today, showcasing a surge in profitability.
Financial Highlights:
* Net income: $493 million
* Earnings per share (EPS): $7.62
* Adjusted EPS: $7.83
* Revenue: $2.01 billion
Analyst Expectations:
TransDigm's financial performance surpassed Wall Street analysts' estimates:
* EPS: $7.48 (Zacks Investment Research)
* Revenue: $1.99 billion (Zacks)
Company Outlook:
For the full year, TransDigm projects:
* EPS range: $35.51 to $37.43
* Revenue range: $8.75 billion to $8.95 billion
About TransDigm:
TransDigm, headquartered in Cleveland, is a leading provider of aircraft components. The company's products include sensors, actuators, and hydraulic systems.