TransDigm Q2 net sales up 21% to $1.92B; raises FY2024 guidance across all metrics

TransDigm Group INC

2024-Q2 EPS reported $11.83 revenue$3,708,000,000

Net income $404M (+33% YoY); diluted EPS $6.97 (+31%); adjusted EPS $7.99 (+34%).
EBITDA As Defined $1,021M (+25%); margin 53.2%, up 190 bps YoY.
FY2024 guidance raised: net sales $7.68B–$7.80B, EBITDA As Defined $3,995M–$4,095M.
Commercial aftermarket revenue grew mid-teens; defense mid-teens; commercial OEM ~20%.
Completed $4.4B senior secured note issuance and refinanced term loans lowering interest costs.

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 second quarter ended March 30, 2024 results: revenue $1,919 million, net income $404 million, EPS $6.97. Guidance raised.

Period: second quarter ended March 30, 2024
Revenue: $1,919 million
Net income: $404 million
EPS: $6.97
Guidance: raised
Result: reported results

Exact text from the filing

and supplier of highly engineered aircraft components, today reported results for the second quarter ended March 30, 2024. Second quarter highlights include: • Net sales of $1,919 million, up 21% from $1,592 million in the prior year's quarter; • Net income of $404 million, up 33% from the prior year's quarter; • Earnings per share of $6.97, up 31% from the prior

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Source: SEC EDGAR

accession 0001260221-24-000043

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