TransDigm Group Inc. said its normalized net income for the fiscal first quarter ended Dec. 27, 2014, was $1.58 per share, compared with the S&P Capital IQ consensus estimate of $1.86 per share.
EPS increased 7.0% year over year from $1.48.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $89.4 million, an increase of 6.2% from $84.2 million in the year-earlier period.
The normalized profit margin declined to 15.3% from 15.9% in the year-earlier period.
Total revenue climbed 10.9% year over year to $586.9 million from $529.3 million, and total operating expenses increased 9.9% from the prior-year period to $344.9 million from $313.8 million.
Reported net income increased 12.4% on an annual basis to $92.2 million, or $1.63 per share, from $82.0 million, or $1.44 per share.
