Why TransDigm Stayed Aloft as Aerospace Plunged
TransDigm Group (NYSE: TDG) delivered better-than-expected earnings in its fiscal third quarter, with the company making a strong case that the coronavirus pandemic is not going to cause this long-running growth story to run out of steam.
The pandemic has crippled airlines, some of TransDigm's most important customers, and caused revenue to plummet. But investors should take comfort in the company's ability to generate outsized profits and continued strong margins despite these issues.
Here's how TransDigm managed to outperform despite the COVID-19 crisis, and what shareholders should expect in the future.
Source Fool.com
