Triumph Group (TGI) Sinks 18% Following Mixed Q1 Results

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Go back to Triumph Group (TGI) Sinks 18% Following Mixed Q1 Results

Triumph Group Reports First Quarter Fiscal 2017 Results

July 28, 2016 6:00 AM EDT

First Quarter Fiscal 2017 Results

Net sales of $893.3 million for first quarter fiscal year 2017 reflecting the impact of new wins in Product Support and improving deliveries in Aerospace Structures Operating income for first quarter fiscal year 2017 was $46.7 million, impacted by charges of $46.1 million ($0.64 per diluted share) detailed below Net income for first quarter fiscal year 2017 was $19.7 million, or $0.40 per diluted share, and included the above noted charges. Excluding these charges, net income was $51.6 million, or $1.04 per diluted share Cash flow utilization from operations for first quarter... More