TransDigm Group reports fiscal 2015 second quarter results

TransDigm Group Incorporated (TDG), a leading global designer, producer and supplier of highly engineered aircraft components, reported results for the second quarter ended March 28th, 2015 and announces potential financing transactions. Net sales for the quarter rose 4.8% to US$619.0mn from US$590.8m in the comparable quarter a year ago. Net income for the quarter rose 22.7% to US$110.9 million compared to US$90.4m in the comparable quarter a year ago. Adjusted net income for the quarter rose 12.2% to US$119.7m from US$106.6m in the comparable quarter a year ago. EBITDA for the quarter increased 12.8% to US$275.6m from US$244.4m for the comparable quarter a year ago. EBITDA As Defined for the period increased 9.5% to US$288.1m compared with US$263.0m in the quarter a year ago. EBITDA As Defined as a percentage of net sales for the quarter was 46.5%.