TransDigm Group Incorporated announced that Kevin Stein will retire as President and Chief Executive Officer, effective September 30, 2025. Mike Lisman, the current Co-Chief Operating Officer, has been elected as his successor, ensuring a planned and internal leadership transition. Mr. Stein will continue to serve as an advisor through March 31, 2026, and remain on the Board of Directors.
For the second quarter ended March 29, 2025, TransDigm reported strong financial results, with net sales increasing 12.0% to $2,150 million. Organic sales growth was 6.9%, driven by continued strength in the commercial aftermarket and defense markets. Adjusted net income rose 14.5% to $529 million, or $9.11 per share.
The company achieved a robust EBITDA As Defined margin of 54.0% for the quarter, an increase of approximately 80 basis points from the prior year period. TransDigm also continued its capital allocation strategy by repurchasing approximately $53 million of common stock during the quarter, with an additional $131 million repurchased in April 2025. The company maintained its full-year fiscal 2025 financial guidance, with revised market channel growth assumptions for commercial OEM and defense markets.
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