TDG - TransDigm Analysts Increase Their Forecasts Following Strong Earnings | Benzinga
TransDigm Group Incorporated (NYSE: TDG) reported better-than-expected fourth-quarter financial results on Thursday.
The company reported fourth-quarter FY23 sales growth of 23% year-on-year to $1.852 billion, beating the analyst consensus estimate of $1.835 billion. Adjusted EPS of $8.03 beat the consensus estimate of $7.54.
TransDigm expects fiscal 2024 net sales of $7.48 billion-$7.68 billion (consensus $7.40 billion) and adjusted EPS of $31.00-$32.94 (consensus $31.15).
The company also entered into a definitive agreement to ...