TransDigm Gives Shareholders a Special Treat
The aerospace industry has done extremely well for years now, and even with controversy surrounding major accidents involving key manufacturers in the industry, suppliers who provide aerospace parts and components have done quite well. TransDigm Group (NYSE: TDG) has enjoyed unprecedented success in supplying key goods that go into new aircraft, and investors have been pleased by the results.
Coming into Tuesday's fiscal third-quarter financial report, TransDigm investors expected huge revenue gains following the acquisition of Esterline, along with more-modest rises in earnings. Results were better than most had expected, and the company also declared a special dividend that will deliver huge amounts of cash to shareholders.
Image source: TransDigm Group.
Quelle Fool.com
