Exhibit 99.1

a2016q2earningsimagea05.jpg             
TransDigm Group Reports Fiscal 2019 Fourth Quarter and Year-End Results

Cleveland, Ohio, November 19, 2019/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, 2019.
Fourth quarter highlights include:
Net sales of $1,541.3 million, up 46.9% from $1,049.4 million;
Net income from continuing operations of $316.0 million, up 37.2% from $230.3 million;
Earnings per share from continuing operations of $4.08, down 1.4% from $4.14;
EBITDA As Defined of $707.2 million, up 34.8% from $524.8 million; and
Adjusted earnings per share of $5.62, up 26.6% from $4.44.
Fiscal 2019 highlights include:
Net sales of $5,223.2 million, up 37.1% from $3,811.1 million;
Net income from continuing operations of $839.3 million, down 12.7% from $961.5 million;
Earnings per share from continuing operations of $12.94, down 20.5% from $16.28;
EBITDA As Defined of $2,418.8 million, up 28.9% from $1,876.6 million; and
Adjusted earnings per share of $18.27, up 2.5% from $17.83.
On September 20, 2019, TransDigm completed the divestiture of its Esterline Interface Technologies (EIT) group of businesses to an affiliate of KPS Capital Partners, LP for approximately $190 million. On July 21, 2019 TransDigm received a binding offer pursuant to a put option agreement from Eaton Corporation plc (NYSE:ETN) for the acquisition by Eaton of Souriau-Sunbank Connection Technologies (Souriau-Sunbank) in a transaction valued at approximately $920 million. The transaction is expected to be completed during the fourth quarter of calendar 2019. Accordingly, the EIT and Souriau-Sunbank results are presented as discontinued operations, and as such, $126.6 million of net sales and $25.5 million of EBITDA As Defined are excluded from continuing operations for the quarter. Net sales of $294.0 million and $63.3 million of EBITDA As Defined are excluded for the full fiscal year. Both EIT and Souriau-Sunbank were acquired by TransDigm in March 2019 as part of the Esterline Technologies acquisition.
The acquisition of Esterline as well as the associated financing, the subsequent divestiture of EIT, and the expected divestiture of Souriau-Sunbank significantly impacted certain year-over-year comparisons.
Net sales for the quarter rose 46.9%, or $491.9 million, to $1,541.3 million from $1,049.4 million in the comparable quarter a year ago. Organic sales growth was 8.0%. Acquisition sales contributed $407.6 million, substantially all from Esterline.
Net income from continuing operations for the quarter increased 37.2% to $316.0 million, or $4.08 per share, compared to $230.3 million, or $4.14 per share, in the comparable quarter a year ago. The increase in net income from continuing operations primarily reflects the increase in net sales described above partially offset by higher operating costs attributable to Esterline, as well as higher interest expense.

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The following information was filed by Transdigm Group Inc (TDG) on Tuesday, November 19, 2019 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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