Triumph Group (TGI) Misses Q1 EPS by 3c, Guides FY EPS Below Street

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Triumph Group Reports First Quarter Fiscal 2016 Results

July 29, 2015 6:00 AM EDT

Net sales for first quarter fiscal year 2016 were $959.6 million Operating income for first quarter fiscal year 2016 was $107.9 million and included a pension curtailment charge of $2.9 million. Excluding this charge, operating income was $110.7 million, reflecting an operating margin of 12% Net income for first quarter fiscal year 2016 was $62.7 million, or $1.27 per diluted share. Excluding the curtailment charge noted above, earnings per share were $1.31 per diluted share Cash flow utilization from operations for first quarter fiscal year 2016 was $148.5 million

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