Triumph Group Q2 2022 Earnings Report
Key Takeaways
Triumph Group reported second quarter fiscal year 2022 results with improved margins and cash flows. The company secured over $1 billion in new contracts and invested in its newly formed joint venture with Air France Industries KLM Engineering & Maintenance, xCelle Americas.
Net sales of $357.4 million
Operating income of $16.5 million with operating margin of 5%; adjusted operating income of $28.0 million with adjusted operating margin of 8%
Net loss of $9.1 million, or ($0.14) per share; adjusted net income of $6.4 million, or $0.10 per diluted share
Cash flow used in operations of $36.0 million; free cash use of $41.4 million
Triumph Group
Triumph Group
Forward Guidance
The Company continues to expect GAAP fiscal year 2022 earnings per diluted share of ($0.15) to $0.05 and updated its adjusted earnings per diluted share to $0.68 to $0.88, up $0.27 from prior guidance. The Company continues to expect fiscal year 2022 cash used in operations of $110.0 million to $125.0 million and free cash use of $135.0 million to $150.0 million.