Triumph Group (TGI) Tops Q1 EPS by 1c, Revenues Beat; Offers FY19 EPS/Revenue Outlook
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Triumph Group Reports First Quarter Fiscal 2019 Results
August 8, 2018 6:00 AM EDTBERWYN, Pa.--(BUSINESS WIRE)-- Triumph Group, Inc. (NYSE: TGI) (Triumph or the Company) today reported financial results for its first quarter of fiscal year 2019, which ended June 30, 2018.
First Quarter 2019 Highlights
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... More