Triumph Group (TGI) Tops Q1 EPS by 3c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

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Triumph Group Reports First Quarter Fiscal 2021 Results

August 4, 2020 4:01 PM EDT

BERWYN, Pa., Aug. 4, 2020 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("Triumph" or the "Company") today reported financial results for its first quarter of fiscal year 2021, which ended June 30, 2020.

First Quarter Fiscal 2021

Net sales of $495.1 million Operating 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 share Cash flow used in operations of ($197.5) million, and free cash use of... More