TransDigm (TDG) Q3 FY25 earnings call

TransDigm reported a mixed quarter, with robust performance in its commercial aftermarket and defense segments driving strong EBITDA margins and cash flow. However, commercial OEM revenues faced headwinds from lower-than-expected production rates and inventory destocking at major airframe manufacturers. The company updated its full-year sales guidance downward while raising its EBITDA outlook, reflecting these market dynamics and recent acquisitions. Leadership changes were announced, with Mike Lisman set to take over as CEO.