Triumph Group (TGI) Posts Q4 EPS of $2.81, Sales Miss Views
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Triumph Group Reports Fourth Quarter and Full Fiscal Year 2017 Results
May 24, 2017 6:00 AM EDTBERWYN, Pa.--(BUSINESS WIRE)-- Triumph Group, Inc. (NYSE: TGI) (Triumph or the Company) today reported financial results for its fourth quarter and full fiscal year ended March 31, 2017.
Fourth Quarter and Full Fiscal Year 2017 Highlights
Net sales were $919.9 million for fourth quarter fiscal year 2017. Operating income for fourth quarter fiscal year 2017 was $150.8 million, reflecting an operating margin of 16% that excludes a $266.3 million non-cash charge for the impairment of goodwill for Triumph Aerospace Structures. Net income for fourth quarter fiscal year 2017 was $139.5 million, or... More