Exhibit 99.1


a2016q2earningsimagea051a.jpg                         
TransDigm Group Reports Fiscal 2020 Fourth Quarter Results

Cleveland, Ohio, November 12, 2020/PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the fourth quarter ended September 30, 2020, which were significantly impacted by the COVID-19 pandemic.
Fourth quarter highlights include:
Net sales of $1,173 million, down 23.9% from $1,541 million in the prior year's quarter;
Income from continuing operations of $101 million;
Earnings per share from continuing operations of $1.76;
EBITDA As Defined margin of 42.4%;
EBITDA As Defined of $498 million is down 29.6% from $707 million in the prior year's quarter;
Adjusted earnings per share of $2.89, down 48.6% from $5.62; and
Strong operating cash flow generation of $222 million.

Fiscal 2020 highlights include:
Net sales of $5,103 million, down 2.3% from $5,223 million in the prior year;
Income from continuing operations of $653 million;
Earnings per share from continuing operations of $8.14;
EBITDA As Defined margin of 44.6%;
EBITDA As Defined of $2,278 million is down 5.8% from $2,419 million in the prior year; and
Adjusted earnings per share of $14.47, down 20.8% from $18.27.

Fiscal 2021 financial guidance will not be issued at this time.

Quarter-to-Date Results
Net sales for the quarter declined 23.9%, or $368 million, to $1,173 million from $1,541 million in the comparable quarter a year ago. In the current quarter, all sales represent organic sales.
Income from continuing operations for the quarter was $101 million, a decrease of 68.1% compared to $317 million in the comparable quarter a year ago. The decrease in income from continuing operations primarily reflects the decline in net sales described above. This decline in income from continuing operations was partially offset by a lower effective tax rate.
Adjusted net income for the quarter decreased 47.5% to $166 million, or $2.89 per share, from $316 million, or $5.62 per share, in the comparable quarter a year ago.
EBITDA for the quarter decreased 40.9% to $414 million from $700 million for the comparable quarter a year ago. EBITDA As Defined for the period decreased 29.6% to $498 million compared with $707 million in the comparable quarter a year ago. EBITDA As Defined as a percentage of net sales for the quarter was 42.4%.
1

The following information was filed by Transdigm Group Inc (TDG) on Thursday, November 12, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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