CLEVELAND (AP) — TransDigm Group Inc., an aircraft parts supplier, expects its fiscal 2011 revenue to beat Wall Street's expectations.
The Cleveland-based company also said Monday that it is seeing clearer signs of aerospace stabilization.
TransDigm anticipates that its full-year revenue should be in a range of $1.16 billion to $1.22 billion.
TransDigm expects adjusted earnings for the fiscal year ending Sept. 30, 2011 between $3.48 and $3.90 per share.
Analysts surveyed by Thomson Reuters, whose estimates normally take out one-time items, predict 2011 earnings of $3.74 per share on revenue of $950.6 million.
TransDigm said its full-year guidance accounts for its $1.27 billion McKechnie Aerospace buyout, which closed on Dec. 6. The company does not provide quarterly earnings outlooks, but Chairman and CEO Nicholas Howley said TransDigm expects its results in the second half of fiscal 2011 will be stronger as the acquisition starts to add to its performance and the aerospace market improves.
The McKechnie buyout is expected to modestly add to fiscal 2011 results on an adjusted basis.
