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Sep 30, 2023
Triumph Group Q2 2024 Earnings Report
Triumph Group reported results with increased net sales, earnings, and cash flow guidance.
Key Takeaways
Triumph Group reported a net sales of $354.1 million and an operating income of $34.3 million. The company raised its full year guidance, expecting profitable growth.
Net sales reached $354.1 million with 16% organic sales growth.
Operating income was $34.3 million with a 9.7% operating margin.
Net loss was ($1.3) million, or ($0.02) per share; adjusted net income of $0.9 million, or $0.01 per diluted share
Backlog increased by 15% from the prior fiscal year end, reaching $1.82 billion.
Revenue by Segment
Forward Guidance
Triumph Group raised net sales guidance to a range of $1.43 billion to $1.47 billion, updated operating income to a range of $152.0 million to $167.0 million, and raised adjusted EBITDAP to a range of $216.0 million to $231.0 million.
Positive Outlook
- Net sales are expected to be in the range of $1.43B to $1.47B, reflecting 10-13% organic growth.
- Operating income is projected to be in the range of $152.0M to $167.0M, with an 11% operating margin.
- Adjusted EBITDAP is anticipated to be in the range of $216.0M to $231.0M, with a 15-16% adjusted EBITDAP margin.
- Cash flow from operations is expected to be in the range of $65.0M to $85.0M.
- Free cash flow is projected to be in the range of $40.0M to $55.0M.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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