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Mar 31, 2023
Triumph Group Q4 2023 Earnings Report
Triumph Group's financial performance reflected an upswing in Q4 2023, exceeding net sales and adjusted EPS guidance, and successfully extending debt maturities.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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