TransDigm Sees FY20 Adj. EPS $19.80-$21.20 vs $21.25 Est., Sales $6.175B-$6.325B vs $6.34B Est.

Fiscal 2020 Outlook Assuming no additional acquisitions or divestitures, TransDigm expects fiscal 2020 financial guidance to be as follows: Net sales are anticipated to be in the range of $6,175 million to $6,325

Benzinga · 11/19/2019 12:16

Fiscal 2020 Outlook

Assuming no additional acquisitions or divestitures, TransDigm expects fiscal 2020 financial guidance to be as follows:

  • Net sales are anticipated to be in the range of $6,175 million to $6,325 million compared with $5,223 million in fiscal 2019;
  • Net income from continuing operations is anticipated to be in the range of $1,000 million to $1,080 million compared with $839 million in fiscal 2019;
  • Earnings per share from continuing operations is expected to be in the range of $16.30 to $17.70 per share based upon weighted average shares outstanding of 57.4 compared with $12.94 per share in fiscal 2019;
  • EBITDA As Defined is anticipated to be in the range of $2,775 million to $2,875 million compared with $2,419 million in fiscal 2019;
  • Adjusted earnings per share is expected to be in the range of $19.80 to $21.20 per share compared with $18.27 per share in fiscal 2019; and
  • Fiscal 2020 outlook is based on the following market growth assumptions:
    • Commercial aftermarket revenue growth in the mid to high-single-digit percentage range;
    • Commercial OEM revenue growth in low to mid-single-digit percentage range; and
    • Defense revenue growth in mid-single-digit percentage range.