Triumph Group, Inc. (TGI) Misses Q1 EPS by 2c

After the close, Triumph Group, Inc. (NYSE: TGI) reported Q1 EPS of $1.19, $0.02 worse than the analyst estimate of $1.21. Revenue for the quarter came in at $896.9 million versus the consensus estimate of $916.3 million.

“Triumph’s fiscal year is off to a solid start with adjusted first quarter results coming in slightly above the upper end of our guidance,” said Jeffry D. Frisby, Triumph’s President and Chief Executive Officer. “We had a productive quarter, having successfully completed the acquisition of GE Aviation’s hydraulic actuation business and transitioning into the Red Oak facility. In addition, same store backlog grew both sequentially and year over year, demonstrating the strong demand for our products and services from our global customers. The 747-8 program remains on schedule with performance in line with our expectations. We remain focused on execution relative to customer commitments while increasing profitability, expanding margins and generating strong cash flow in order to maximize returns to our shareholders.”

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

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