Exhibit 99.1


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TransDigm Group Reports Fiscal 2020 Third Quarter Results

Cleveland, Ohio, August 4, 2020/PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the third quarter ended June 27, 2020, which were significantly impacted by the COVID-19 pandemic.
Third quarter highlights include:
Net sales of $1,022 million, down 32.8% from $1,521 million in the prior year's quarter;
Loss from continuing operations of $(5) million;
Loss per share from continuing operations of $(0.09);
EBITDA As Defined of $424 million, representing a margin of 41.5%;
EBITDA As Defined of $424 million is down 35.7% from $659 million in the prior year's quarter;
Adjusted earnings per share of $1.54, down 66.9% from $4.65; and
Strong operating cash flow generation of $397 million.

Fiscal 2020 financial guidance remains suspended due to COVID-19 pandemic.

Quarter-to-Date Results
Net sales for the quarter declined 32.8%, or $499 million, to $1,022 million from $1,521 million in the comparable quarter a year ago. In the current quarter, all sales represent organic sales.
Loss from continuing operations for the quarter was $(5) million, a decrease of 103.9% to compared to income from continuing operations of $128 million in the comparable quarter a year ago. The decrease in income from continuing operations primarily reflects the decline in net sales described above, along with COVID-19 restructuring costs, higher interest expense and a higher tax rate due to discrete one-time tax charges being taken during the quarter. This decline in income from continuing operations was offset partially by lower acquisition-related expenses.
Adjusted net income for the quarter decreased 66.4% to $88 million, or $1.54 per share, from $262 million, or $4.65 per share, in the comparable quarter a year ago.
EBITDA for the quarter decreased 24.8% to $366 million from $487 million for the comparable quarter a year ago. EBITDA As Defined for the period decreased 35.7% to $424 million compared with $659 million in the comparable quarter a year ago. EBITDA As Defined as a percentage of net sales for the quarter was 41.5%.
1

The following information was filed by Transdigm Group Inc (TDG) on Tuesday, August 4, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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