(Reuters) -Aircraft parts maker TransDigm Group on Wednesday forecast 2026 profit above Wall Street estimates after posting a better-than-expected profit for the fourth quarter, on strong demand for its aftermarket parts.
The Cleveland, Ohio-based company now sees 2026 adjusted per share profit between $36.49 and $38.53, the midpoint of which is above analysts’ estimates of $36.71 per share, according to data compiled by LSEG.
“Across our end markets, we expect the commercial OEM market to see the highest rate of growth as we support increasing build rates at the OEMs,” said CEO Mike Lisman.
Carriers, amid delays in aircraft deliveries, resort to replacing old airplane parts to maximize operational efficiency, driving up demand for TransDigm’s commercial aftermarket parts.
Lisman, who took the helm at the beginning of October, added that the company expects continued growth in its commercial aftermarket and defense end markets, “where the overall trends remain quite positive.”
While TransDigm has predominantly benefited from booming demand for repairs on older jets in recent quarters, it also sells OEM parts to Boeing and Airbus.
TransDigm’s adjusted profit rose to $10.82 per share in the quarter ended September 30, up from $9.83 per share a year ago. Analysts, on an average, expected a profit of $10.04 per share.
TransDigm’s fourth-quarter revenue rose 11.5% to $2.44 billion, beating estimates of $2.4 billion.
(Reporting by Parth Chandna and Anshuman Tripathy in Bengaluru; Editing by Shailesh Kuber)
