TransDigm Group Boosts FY23 Outlook - Update

(RTTNews) - While reporting financial results for the third quarter on Tuesday, TransDigm Group Inc. (TDG) raised its earnings, adjusted earnings and net sales guidance for the full-year 2023, based on continued strong performance of the company.

For fiscal 2023, the company now projects earnings from continuing operations in a range of $20.78 to $21.20 per share and adjusted earnings in a range of $24.94 to $25.36 per share on net sales between $6.525 billion and $6.585 billion.

Previously, the company expected adjusted earnings in a range of $23.31 to $24.19 per share on net sales between $6.41 billion and $6.50 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $23.98 per share on revenues of $6.46 billion for the year. Analysts' estimates typically exclude special items.

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