Triumph Group Q4 2021 Earnings Report
Key Takeaways
Triumph Group reported a net sales of $466.8 million and a net loss of $73.5 million, or ($1.27) per share for the fourth quarter of fiscal year 2021. The company generated positive free cash flow in the quarter and saw sequential growth in Systems and Support revenue and margins.
Delivered positive free cash flow in the quarter.
Achieved third consecutive quarter of sequential growth in Systems and Support revenue and margins
Successfully executed portfolio strategy to position Triumph for success in the post-COVID landscape
Strengthened balance sheet and enhanced liquidity following issuance of new $700 million bond offering and at-the-market equity raise of approximately $150 million
Triumph Group
Triumph Group
Forward Guidance
Due to the uncertainty around the impacts of business disruptions related to the COVID-19 pandemic on the global market and general economic conditions, the Company is not providing financial guidance for its fiscal year ending March 31, 2022 at this time.