TransDigm Group raises FY24 earnings and net sales guidance due to strong performance.

TransDigm Group (NYSE:TDG) raised its earnings, adjusted earnings, and net sales guidance for FY24, citing strong performance. The company now projects earnings between $26.06 to $27.40 per share, adjusted earnings between $31.75 to $33.09 per share, and net sales between $7.68 billion to $7.80 billion. For Q2, TransDigm reported a bottom line of $6.97 per share, surpassing analyst estimates of $7.42 per share.