Earnings Summary of TransDigm Group, Inc.'s Q2 2024 Financial Results
Tuesday, 7 May 2024, 13:48
Highlights of TransDigm's Q2 2024 Financial Results
TransDigm Group Incorporated (NYSE: TDG), a leading manufacturer and supplier of aircraft components, reported higher net sales and profit for the second quarter of 2024.
Key Points:
- Q2 net sales: Increased by 21% to $1.92 billion
- Net income: Rose by 33% to $404 million
- Per-share earnings: Climbed by 31% to $6.97
- Adjusted EPS: Jumped by 34% to $7.99
- EBITDA: Reached $1.02 billion
- Management outlook: Expects full-year net sales and earnings growth
TransDigm's strong financial performance and positive outlook signal resilience and growth within the aerospace industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.