TransDigm Gains Altitude Despite Some Industry Headwinds

TransDigm Group (NYSE: TDG) has done a good job of taking advantage of the favorable environment in the aerospace industry over the past several years. Even as those good conditions have started to give way to more challenging situations in certain parts of its business, TransDigm has sought to keep moving forward by providing the aircraft components and systems that its clients need now more than ever.

Coming into Tuesday's fiscal third-quarter financial report, TransDigm investors wanted to see significant gains in revenue that would at least partially translate into bottom-line growth as well. TransDigm delivered a bit more than most investors had expected, and it also announced that it intends to raise cash in order to refinance its debt and pay out a special dividend to shareholders. Let's take a closer look at TransDigm Group and what its results say about its future.

Image source: TransDigm Group.

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Source: Fool.com