TransDigm Group Incorporated
) reported first-quarter 2013 earnings per share from continuing
operations of $1.48, above the Zacks Consensus Estimate of 91
cents and prior-year earnings of $1.42.
GAAP earnings came in at 66 cents a share compared to $1.15 in
the prior year quarter.
Net sales in the quarter amounted to $430.4 billion,
representing a year-over-year increase of 22.1%. The Harco,
AmSafe and Aero-Instruments acquisitions were major contributors
to growth. Organically the sales increased only modestly.
Income & Expenses
Operating income for the quarter was $172.8 million compared
with $145.3 million in the prior-year period. SG&A expense
was $55.2 million compared with $41.9 million in the prior-year
Balance Sheet and Cash Flow
Cash and cash equivalents were $554.4 million with long-term
debt of $4.3 billion and shareowners' equity of $598.8 million at
the end of first quarter of fiscal 2013 compared with $440.5
million, $3.6 billion and $1.2 billion, respectively.
Cash from operating activities in the quarter was $98.1
million compared to $68.1 million in the first quarter of fiscal
The company expects earnings from continuing operations to be
in the range of $6.74 to $6.98 per share, up from prior guidance
of $6.54 to $6.98 per share. Net sales are expected to be in the
range of $1,820 million to $1,880 million, up from prior range of
$1,800 million to $1,900 million. Mid point of sales guidance is
unchanged at $1,850 million.
TransDigm Group Incorporated designs, produces and supplies
highly engineered proprietary aerospace components (and certain
systems/subsystems) with significant aftermarket content.
Transdigm develops highly customized products to solve specific
needs of aircraft operators and manufacturers. It attempts to
differentiate itself on the basis of engineering, service and
TransDigm currently has a Zacks #3 Rank (Neutral). Its close
rivals such as
) all have a Zacks Rank #1 (Strong Buy).
ALLIANT TECHSYS (ATK): Free Stock Analysis
(BAESY): ETF Research Reports
(RYCEY): ETF Research Reports
TRANSDIGM GROUP (TDG): Free Stock Analysis
To read this article on Zacks.com click here.