TransDigm reports Q3 adjusted EPS $9.00, consensus $8.55

Reports Q3 revenue $2.05B, consensus $2B. “I am incredibly pleased with the operating results for the third quarter and our continued strong performance,” stated Kevin Stein, TransDigm Group’s President and Chief Executive Officer. “Total revenue for the quarter ran ahead of our expectations, and revenues sequentially improved in all three of our major market channels – commercial OEM, commercial aftermarket and defense. Our EBITDA As Defined margin improved to 53.3% for the quarter, up approximately 80 basis points from the comparable prior year period. Excluding the results related to SEI Industries and the CPI Electron Device Business, acquired in May and June 2024, respectively, our third quarter EBITDA As Defined margin was approximately 53.6%. As always, we remain focused on our operating strategy, value drivers and effectively managing our cost structure. Additionally, we are excited to have recently closed the acquisitions of SEI Industries, the CPI Electron Device Business and Raptor Scientific. In the aggregate for these three acquisitions, we have deployed over $2.2 billion of capital in the past three months. These businesses fit well with our long-standing strategy, and we expect each of these acquisitions to create equity value in-line with our long-term private equity-like return objectives.”