TransDigm Group Incorporated (NYSE:TDG) Q2 2024 Earnings Call Transcript

Pete Osterland: Hey, good morning. I’m on for Michael Ciarmoli. Thanks for taking our questions. I just had a follow-up on the question on Boeing production expectations. I appreciate the color you gave on the bottoms-up approach to your forecast. But could you share any specifics on what monthly rate you would estimate you are currently producing to for the MAX on average? And just directionally, what assumptions are embedded in your guidance there for the balance of the year?

Mike Lisman: I think it varies a lot off unit by off unit based on the demand they’re seeing from their customers. Obviously, sometimes that sub-tiers, as we said. So it’s hard to go and back calculate into some kind of rate, I’d expect that something around 38, maybe a little bit less, but it’s hard to say there’s some kind of averaging exactly what it is across their hands.

Pete Osterland: Okay. Understood. And then just as a follow-up, has the uncertainty around OEM production and some of the delayed deliveries we’ve heard about showed up in any meaningful way in your bookings? Have you seen any shift in the bookings environment between commercial OEM and aftermarket?

Mike Lisman: No. Continued with strength that supports the guidance on both.

Operator: I show no further questions at this time. I would now like to turn the call back over to Jaimie for closing remarks.

Jaimie Stemen: Thank you all for joining us today. This concludes the call. We appreciate your time, and have a good rest of your day.

Operator: This does conclude today’s conference call. Thank you for participating. You may now disconnect.