Triumph Group Reports First Quarter Fiscal 2019 Results
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Triumph Group (TGI) Tops Q1 EPS by 1c, Revenues Beat; Offers FY19 EPS/Revenue Outlook
August 8, 2018 6:09 AM EDTTriumph Group (NYSE: TGI) reported Q1 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $832.9 million versus the consensus estimate of $809.31 million.
Net sales were $832.9 million.Operating loss was ($66.5) million, which includes the non-cash ASU 2017-07 pension adjustment of ($87.2) million. On an adjusted basis, operating income was $29.5 million with an adjusted operating margin of 3.5%.Net loss was ($76.5) million, or ($1.54) per share. On an adjusted basis, net income was $17.0 million, or $0.34 per diluted share.Cash used in operations was ($65.7)... More