Triumph Group Q4 2023 Earnings Report
Key Takeaways
Triumph Group reported Q4 2023 results with net sales of $393.3 million, operating income of $56.2 million, and a net loss of $17.5 million. The company exceeded net sales and adjusted EPS guidance, extending debt maturities to enhance liquidity. They anticipate organic growth of 7 - 10% as well as continued margin expansion and positive free cash flow generation in fiscal 2024.
Net sales reached $393.3 million.
Operating income was $56.2 million with a 14% margin.
Net loss amounted to ($17.5) million, or ($0.27) per share.
Free cash flow was $51.8 million.
Triumph Group
Triumph Group
Triumph Group Revenue by Segment
Forward Guidance
The Company expects net sales for fiscal 2024 will be $1.39 billion to $1.43 billion, reflecting an organic growth rate of 7% - 10%, after excluding approximately $77.9 million in fiscal 2023 revenues from exited businesses. The Company expects fiscal 2024 operating income of $165.0 million to $180.0 million, and Adjusted EBITDAP of $210.0 million to $225.0 million. The Company expects fiscal 2024 cash flow from operations of $60.0 million to $80.0 million and approximately $25.0 million to $30.0 million for capital expenditures, resulting in expected free cash flow of $35.0 million to $50.0 million.
Positive Outlook
- Net sales of $1.39 billion to $1.43 billion, reflecting 7 - 10% organic growth
- Operating income of $165.0 million to $180.0 million, reflecting operating income margin of 12 - 16%
- Adjusted EBITDAP of $210.0 million to $225.0 million, reflecting Adjusted EBITDAP margin of 15 - 16%
- Cash flow from operations of $60.0 million to $80.0 million
- Free cash flow of $35.0 million to $50.0 million