TransDigm Group Inc. said its normalized net income for the fiscal third quarter ended June 27 amounted to $1.87 per share, compared with the S&P Capital IQ consensus estimate of $2.27 per share.
EPS rose 9.0% year over year from $1.71.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $105.7 million, an increase of 8.0% from $97.9 million in the year-earlier period.
The normalized profit margin declined to 15.3% from 16.0% in the year-earlier period.
Total revenue climbed 13.2% year over year to $691.4 million from $610.6 million, and total operating expenses climbed 13.4% year over year to $415.4 million from $366.3 million.
Reported net income totaled $99.1 million, or $1.75 per share, compared with a loss of $94.7 million, or a loss of $1.66 per share, in the prior-year period.