Transdigm reports q2 eps of $5.63 from continuing operations
Transdigm group reports fiscal 2020 second quarter results.q2 adjusted earnings per share $5.10.q2 earnings per share $5.63 from continuing operations.q2 sales $1.443 billion versus refinitiv ibes estimate of $1.45 billion.q2 earnings per share estimate $4.36 -- refinitiv ibes data.fiscal 2020 financial guidance withdrawn due to covid-19 pandemic.transdigm - as of march 28, saw modest adverse impact to commercial aftermarket & oem sales from covid-19 pandemic.transdigm - currently expects covid-19 pandemic to have significant adverse impact on sales, ebitda as defined & net income for remainder fiscal 2020.in near term, outbreak and worsening of covid-19 pandemic will adversely impact our commercial aftermarket sales.believe that covid-19 pandemic will also adversely impact our commercial oem sales over long term.reduction in workforce by up to 15% to align operations with customer demand.transdigm group - implementing one to eight-week furloughs at many businesses over about next six months.transdigm group - ended q2 of fiscal 2020 with a cash balance of about $2.7 billion & over $500 million of capacity available on revolving credit facility.
TDG Ratings Summary
TDG Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission