TransDigm reports Q1 adjusted EPS $7.16, consensus $6.41

Reports Q1 revenue $1.79B, consensus $1.68B. “I am very pleased with our first quarter operating results and strong start to the fiscal year,” stated Kevin Stein, TransDigm Group’s President and CEO. “Total revenue ran ahead of our expectations and our commercial aftermarket revenues further expanded. Our EBITDA As Defined margin was 51.0% for the quarter, up approximately 100 basis points from the comparable prior year period. Excluding the results related to Calspan, acquired May 2023, our first quarter EBITDA As Defined margin was approximately 51.8%. As always, we remain focused on our operating strategy, value drivers and effectively managing our cost structure. We look forward to the opportunity to continue creating value for our shareholders throughout the remainder of our fiscal 2024.”