TransDigm Group Incorporated reported strong operating results for the first quarter ended December 28, 2024. Net sales for the quarter increased 12.1% to $2,006 million, driven by growth in the commercial aftermarket and defense markets. Organic sales growth for the period was 6.6%.
Net income for the quarter increased 29.1% to $493 million, and adjusted net income rose 10.4% to $456 million, or $7.83 per share. The company's EBITDA As Defined for the quarter was $1,061 million, up 16.3%, resulting in a robust margin of 52.9%.
TransDigm also announced the repurchase of 252,800 shares of its common stock during the quarter for approximately $316 million, at an average price of $1,248.65 per share. The company maintained its previously issued fiscal 2025 sales and EBITDA As Defined guidance, while raising GAAP net income and EPS guidance due to a gain on sale of a business, favorable foreign currency impact, and the share repurchases.
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