TransDigm Group Incorporated (NYSE: TDG), a global designer, producer and supplier of highly engineered aircraft components, has reported results for the third quarter ended July 1, 2017, the company said.
Net income for the quarter increased 5.2% to USD 169.1 million, or USD 3.08 per share, compared to USD 160.6 million, or USD 2.88 per share, in the comparable quarter a year ago.
The increase in net income primarily reflects the increase in net sales described above, lower refinancing expenses and improvements to our operating margin resulting from the strength of our proprietary products and continued productivity efforts.
This growth in net income was partially offset by higher interest expense and a higher effective tax rate.
Adjusted net income for the quarter rose 5.1% to USD 181.1 million, or USD 3.30 per share, from USD 172.3 million, or USD 3.09 per share, in the comparable quarter a year ago.
TransDigm Group, through its wholly owned subsidiaries, is a global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.