Triumph Group (TGI) Tops Q4 EPS by 5c

Triumph Group (NYSE: TGI) reported Q4 EPS of $1.71, $0.05 better than the analyst estimate of $1.66. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.04 billion.

“Our fourth quarter results reflected the strength of our product offering and the extensive capabilities we can provide our customers across the entire aerospace supply chain, and we are pleased to have achieved record quarterly net sales,” said Richard C. Ill, Triumph’s President and Chief Executive Officer. “The Aerospace Systems Group and the Aftermarket Services Group delivered another quarter of strong operating margins with both growing on a sequential quarterly basis, and Aftermarket Services realizing organic sales growth for the fiscal year. Performance in the Aerostructures segment improved during the quarter with the recently transferred Gulfstream wing programs progressing well, but the segment is not yet at the level of performance we would expect on a go-forward basis.”

Mr. Ill continued, “In fiscal year 2015, we continued to invest in each of our three segments through the completion of key strategic transactions that expanded our capabilities, increased market share and extended our global footprint. We generated strong cash flow from operations and our backlog increased to over $5 billion. While work remains to be done for Triumph to realize its full potential, we are intensely focused on leveraging the strength of our portfolio and controlling our costs to drive sustainable growth and value creation.”

For earnings history and earnings-related data on Triumph Group (TGI) click here.

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