Triumph Group (TGI) Divests G650/700 Assets To Gulfstream
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Triumph Group (TGI) Tops Q1 EPS by 3c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus
August 4, 2020 4:11 PM EDTTriumph Group (NYSE: TGI) reported Q1 EPS of ($0.19), $0.03 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $495.1 million versus the consensus estimate of $459.68 million.
First Quarter Fiscal 2021
Net sales of $495.1 millionOperating loss of $252.4 million with operating margin of (51.0%) and included an impairment charge of $252.4 million; adjusted operating income of $15.4 million with adjusted operating margin of 3.1%Net loss of $277.3 million, or ($5.35) per share; adjusted net loss of $9.5 million, or ($0.19) per shareCash flow used in operations of ($197.5) million, and free cash use of ($205.2)... More