TransDigm Q2 net sales up 20% to $1.592B; EPS $5.32 (+57%); raises FY2023 guidance

TransDigm Group INC

2023-Q2 EPS reported $8.65 revenue$2,989,000,000

Net sales $1,592M (+20% YoY); organic sales growth 17.6%; EBITDA As Defined $817M (51.3% margin).
Adjusted EPS $5.98 vs $3.86 (+55%); income from continuing ops $304M (+53%).
Acquired Calspan for ~$725M cash on May 8, 2023; aftermarket-focused aerospace testing services.
Raised FY2023 guidance: net sales $6,410-6,500M; EBITDA As Defined $3,230-3,290M.
Refinanced ~$5.6B in term loans and redeemed $1.1B of 8% senior secured notes due 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TransDigm Group INC reported its second quarter ended April 1, 2023 results: revenue $1,592 million, net income $304 million, EPS $5.32. Guidance raised.

Period: its second quarter ended April 1, 2023
Revenue: $1,592 million
Net income: $304 million
EPS: $5.32
Guidance: raised
Result: reported results

Exact text from the filing

TransDigm Group Reports Fiscal 2023 Second Quarter Results Cleveland, Ohio, May 9, 2023/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 1, 2023. Second quarter highlights include: • Net sales of $1,592 million, up 20% from $1,327 million in the prior year's quarter; • Income from continuing operations of $304 million, up 53% from the prior year's quarter; • Earnings per share from continuing operations of $5.32, up 57% from the prior year's quarter; •

View on SEC.gov

Browse all earnings releases →

TransDigm Group INC filing history →

Source: SEC EDGAR

accession 0001260221-23-000036

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.