TransDigm Group Sees 2011 EPS of $3.48 to $3.90

TransDigm Group Incorporated TDG earlier today issued its guidance for the fiscal year ending September 30, 2011.

• Revenues are anticipated in the range of $1,160 million to $1,220 million or a mid-point of $1,190 million compared with $828 million in fiscal 2010, up 43.8% year over year;
• EBITDA As Defined is anticipated in the range of $532 million to $562 million or a mid-point of $547 million compared with $412 million in fiscal 2010, up 32.9% year over year;
• Net income is anticipated in the range of $119 million to $141 million or a mid-point of $130 million compared with $163 million in fiscal 2010;
• Earnings per share under the "two-class method" are expected to be in the range of $2.16 to $2.58 per share on weighted average shares outstanding of 53.5 million or a mid-point of $2.37 per share compared with $2.52 per share in fiscal 2010; and
• Adjusted earnings per share under the "two-class method" are expected to be in the range of $3.48 to $3.90 per share on weighted average shares outstanding of 53.5 million or a mid-point of $3.69 per share compared with $3.35 per share in fiscal 2010, up 10.2% year over year.