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estimate of $1.45 billion.q2 earnings per share estimate $4.36 -- refinitiv ibes data.fiscal 2020 financial guidance withdrawn due to covid-19 pandemic.transdigm - as of march 28, saw modest adverse impact to commercial aftermarket & oem sales from covid-19 pandemic.transdigm -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