By Don Nico Forbes
TransDigm Group posted higher profit and revenue for the first quarter, and raised its earnings outlook for 2025.
The supplier of highly-engineered aircraft components reported a profit of $493 million, or $7.62 a share, up from $382 million, or $4.87 a share, for the same period a year earlier. Analysts were expecting $6.25, according to FactSet.
Sales rose 12% to $2.01 billion, against analyst views of $2.03 billion.
"The consolidated business performed well in the first quarter with revenue growth driven by the commercial aftermarket and defense market," Chief Executive Kevin Stein said.
Looking ahead, the company backed its sales guidance for 2025 of $8.75 billion to $8.95 billion, and raised its outlook for adjusted EPS to $35.51 to $37.43 from a prior range of $35.36 to $37.28.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
February 04, 2025 07:38 ET (12:38 GMT)
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