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TransDigm Group Reports Fiscal 2021 Second Quarter Results
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CLEVELAND, May 11, 2021 /PRNewswire/ TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the second quarter ended April 3, 2021, which were significantly impacted by the COVID-19 pandemic.
Second quarter highlights include:
Net sales of $1,194 million, down 17.3% from $1,443 million in the prior year s quarter;
Income from continuing operations of $105 million;
Earnings per share from continuing operations of $1.79;
EBITDA As Defined margin of 43.5%, representing sequential improvement;
EBITDA As Defined of $519 million;
Adjusted earnings per share of $2.58; and
FTSE 100 closes on the front foot, with AstraZeneca the top riser
Footsie finished Friday ahead by around eight points, or 0.12%, at 6,969,
FTSE 100 closes around eight points higher
AstraZeneca top blue-chip riser
5.05pm: FTSE closes ahead
FTSE 100 closed on the front foot at the end of the trading week, with drugs giant and much-in-the-news COVID-19 vaccine producer AstraZeneca (LON:AZN) the top dog.
Footsie finished ahead by around eight points, or 0.12%, at 6,969, with the psychologically significant 7,000 level now coming back into view.
Over the week as a whole , the FTSE 100 added around 0.45%.
AstraZeneca shares closed up over 4% at 7,715p as traders welcomed an upbeat first quarterly results statement, which showed sales of US$7.3 billion, around 15% higher compared to the first quarter of 2020.