More on TransDigm's FQ3

|About: TransDigm Group Incorporated (TDG)|By:, SA News Editor

Net income of $16.2M vs. $76.7M in the second quarter of 2013. The steep decrease was primarily due to one-time refinancing expenses.

Net sales grew 25% Y/Y to $610.6M from $488.6M. Organic net sales grew approximately 6.9%.

EBITDA of $275.6M compared to $231.9M in the same period of 2013.

The company adjusted its FY F2014, and now expects: Net income to be in the range of $293M-$299M (previously in the range of $380M-$394M). EPS is expected to be in the range of $2.96-$3.06 per share (previously in the range of $6.33-$6.57 per share).

FQ3 results