Triumph Group (NYSE: TGI) reported Q1 EPS of $0.24, $0.61 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $781.7 million versus the consensus estimate of $805.14 million.

Outlook

Based on anticipated aircraft production rates and divestitures completed in fiscal year 2017, the Company continues to expect that revenue for fiscal year 2018 will be approximately $3.1 to $3.2 billion, and to increase in fiscal year 2019 as development programs enter production and sales from new wins offset sunsetting programs.

Additionally, the Company expects fiscal year 2018 adjusted earnings per diluted share of $2.25 to $2.75, and free cash use of $450 to $500 million, which includes $275 million related to the reduction in customer advances received in fiscal 2017 and $200 million of working capital to prepare the supply chain for production rate increases on Aerospace Structures programs.

The Company’s current outlook includes transformation related costs and benefits but does not take into account the impact of any potential divestitures.

GUIDANCE:

Triumph Group sees FY2018 EPS of $2.25-$2.75, versus the consensus of $3.74. Triumph Group sees FY2018 revenue of $3.1-3.2 billion, versus the consensus of $3.23 billion.

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