TransDigm reports Q2 adjusted EPS $9.85, consensus $9.44

Reports Q2 revenue $2.54B, consensus $2.47B. “We are pleased with our team’s performance and operating results for the second quarter,” stated Mike Lisman, TransDigm (TDG) Group’s CEO. “Total revenue continued ahead of our expectations with double-digit growth across all three of our major market channels compared to the prior year’s second quarter. Commercial aftermarket exhibited the highest growth across our three end markets, driven by our commercial transport segment growing 16% in the quarter. Commercial OEM market revenue increased in the double digits on a percentage basis as we continued supporting higher build rates at the OEMs. Our reported EBITDA As Defined margin for the quarter was 52.6%. Adjusting for acquisition dilution, the EBITDA margins of our base businesses improved nicely on a year over year basis and in line with our expectations. The team continues to execute our value drivers.”