Exhibit 99.1


a2016q2earningsimagea051.jpg                 
TransDigm Group Reports Fiscal 2021 Second Quarter Results

Cleveland, Ohio, May 11, 2021/PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the second quarter ended April 3, 2021, which were significantly impacted by the COVID-19 pandemic.
Second quarter highlights include:
Net sales of $1,194 million, down 17.3% from $1,443 million in the prior year's quarter;
Income from continuing operations of $105 million;
Earnings per share from continuing operations of $1.79;
EBITDA As Defined margin of 43.5%, representing sequential improvement;
EBITDA As Defined of $519 million;
Adjusted earnings per share of $2.58; and
Positive operating cash flow generation of $98 million.

Fiscal 2021 financial guidance remains suspended at this time.
Quarter-to-Date Results
Net sales for the quarter declined 17.3%, or $249 million, to $1,194 million from $1,443 million in the comparable quarter a year ago. Acquisition sales growth over the comparable quarter a year ago was $43 million, primarily attributable to Cobham Aero Connectivity.
Income from continuing operations for the quarter was $105 million, a decrease of 67.5% compared to $323 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 higher one-time refinancing costs, interest expense, COVID-19 restructuring costs and effective tax rate, partially offset by a gain recorded on the settlement of an insurance claim.
Adjusted net income for the quarter decreased 48.3% to $151 million, or $2.58 per share, from $292 million, or $5.10 per share, in the comparable quarter a year ago.
EBITDA for the quarter decreased 29.8% to $464 million from $661 million for the comparable quarter a year ago. EBITDA As Defined for the period decreased 23.1% to $519 million compared with $675 million in the comparable quarter a year ago. EBITDA As Defined as a percentage of net sales for the quarter was 43.5%.
1

The following information was filed by Transdigm Group Inc (TDG) on Tuesday, May 11, 2021 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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