TransDigm Q1 sales up 28% to $1.789B, EPS $4.87; raises FY 2024 EBITDA guidance

TransDigm Group INC

2024-Q1 EPS reported $4.87 revenue$1,789,000,000

Net sales $1,789M (+28% YoY); net income $382M (+67%); GAAP EPS $4.87.
Adjusted EPS $7.16 (+56%); EBITDA As Defined $912M (51.0% margin, +100bps).
FY 2024 guidance raised: net sales $7,575-7,755M; EBITDA $3,920-4,050M (up $45M midpt).
Acquired CPI Electron Device Business for ~$1.385B; expected close this fiscal year.
Issued $1.0B 7.125% secured notes due 2031 and $1.0B Tranche J term loans (SOFR+3.25%).

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 0.95

TransDigm Group INC reported fiscal first quarter ended December 30, 2023 results: revenue $1,789 million, net income $382 million, EPS $4.87.

Period: fiscal first quarter ended December 30, 2023
Revenue: $1,789 million
Net income: $382 million
EPS: $4.87
Result: reported results

Exact text from the filing

Net sales of $1,789 million, up 28% from $1,397 million in the prior year's quarter; • Net income of $382 million, up 67% from the prior year's quarter; • Earnings per share of $4.87, up 46% from the prior year's quarter;

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Source: SEC EDGAR

accession 0001260221-24-000019

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