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Triumph Group (TGI) Misses Q3 EPS by 30c, offers guidance

February 7, 2024 6:03 AM

Triumph Group (NYSE: TGI) reported Q3 EPS of ($0.16), $0.30 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $285 million versus the consensus estimate of $367.96 million.

Fiscal 2024 Guidance

Updating net sales to a range of $1.17 billion to $1.20 billion, versus the consensus of $1.458 billion, reflecting 11 - 14% organic growth
Updating operating income to a range of $100.0 million to $110.0 million, reflecting operating margin of 9%
Updating adjusted EBITDAP to a range of $157.0 million to $167.0 million, reflecting Adjusted EBITDAP margin of 13-14%
Reaffirmed cash flow from operations of $65.0 million to $85.0 million, free cash flow of $40.0 million to $65.0 million, subject to the timing of closing of the sale of Product Support
Pro forma net leverage of 4.0x net debt to Adjusted EBITDAP

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

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Earnings