TransDigm reports Q3 adjusted EPS $9.60, consensus $9.90

Reports Q3 revenue $2.24B, consensus $2.29B. “Our commercial aftermarket and defense markets performed well this quarter, and as expected, growth within the commercial aftermarket continued to moderate. However, sales in the commercial OEM market fell short of our expectations, primarily due to lower than anticipated OEM build rates and inventory destocking,” stated Kevin Stein, TransDigm (TDG) Group’s President and Chief Executive Officer. “Our teams successfully navigated the challenges that came with the uneven demand in our commercial OEM market to deliver a healthy EBITDA As Defined margin of 54.4%, up approximately 110 basis points from the comparable prior year period and including an approximately 70 basis point headwind due to the full quarter impact of last year’s acquisitions.”