May 6 (Reuters) - Aerospace supplier TransDigm Group ( TDG )
topped second-quarter profit expectations on Tuesday and
maintained its full-year earnings forecast, betting on strong
demand for aftermarket parts and services from planemakers and
carriers.
Delayed delivery of new planes has pushed airlines to extend
the use of older aircraft to cater to booming demand for air
travel, which has boosted orders for profitable aftermarket
parts at suppliers.
TransDigm ( TDG ) said it does not anticipate a "material headwind"
from U.S. President Donald Trump's sweeping tariffs and
reaffirmed its annual profit forecast of $32.27 to $34.19 per
share.
The company supplies aircraft components such as cockpit
security systems and engine sensors for commercial and military
jets, and counts planemakers Boeing ( BA ) and Airbus
among its customers.
Separately, TransDigm ( TDG ) said on Tuesday that co-Chief
Operating Officer Mike Lisman would succeed Kevin Stein as CEO.
The Cleveland, Ohio-based firm posted an adjusted profit of
$9.11 per share for the second quarter, while analysts had
expected $8.95 per share, according to data compiled by LSEG.
Net sales for the quarter through March 29, jumped 12% to
$2.15 billion, below analysts' average expectation of $2.17
billion.
(Reporting by Anandita Mehrotra and Anshuman Tripathy in
Bengaluru; Editing by Shinjini Ganguli)