Transdigm boosts its forecasts on Wall Street

(Boursier.com) — TransDigm , the American aeronautical equipment manufacturer, active in particular in ignition systems for engines, shows little development before the market on Wall Street. For its second fiscal quarter, the group achieved revenues of $1.92 billion, a sharp increase of 21%. Net profit rose 33% to $404 million, for earnings per share of $6.97. Adjusted earnings per share rose 34% to $7.99. The group is raising its 2024 financial forecasts to reflect its “consistently strong performance”. Sales are expected between $7.68 billion and $7.8 billion, while net profit is anticipated between $1.608 billion and $1.686 billion. Adjusted earnings per share are expected between $31.75 and $33.09, representing growth of 25.5% in the middle of the range.