TransDigm says 'pleased' with Q3 results
"We are pleased with our operating results for both the fiscal third quarter and year-to-date periods," stated Kevin Stein, TransDigm Group's President and Chief Executive Officer. "Third quarter revenue in each of our major markets of commercial OEM, commercial aftermarket and defense grew sequentially and over the prior year. Ongoing overall trends supporting these end markets continue to be positive. Our smaller sub-markets of business jets and helicopters reported strong revenue growth in the current quarter in both commercial OEM and aftermarket, an encouraging sign after prolonged weakness. Despite the dilutive impact of recent acquisitions, our EBITDA as Defined margin of 49.7% remained strong, highlighting our continued focus on our value based operating strategy."