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TransDigm Group fiscal Q3 profit climbs 10.0% YOY

TransDigm Group Inc. said its normalized net income for the fiscal third quarter ended July 1 came to $2.75 per share, compared with the S&P Capital IQ consensus estimate of $3.17 per share.

EPS climbed 11.9% year over year from $2.46.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $151.0 million, an increase of 10.0% from $137.3 million in the prior-year period.

The normalized profit margin fell to 16.6% from 17.2% in the year-earlier period.

Total revenue grew 13.8% year over year to $907.7 million from $797.7 million, and total operating expenses grew 12.4% year over year to $513.8 million from $457.2 million.

Reported net income grew 5.2% year over year to $169.1 million, or $3.08 per share, from $160.6 million, or $2.88 per share.