Triumph Group Inc · Q1 2024 earnings

Briefing

Reported preliminary financial results for the first quarter of fiscal 2024.

Triumph Group reported a net sales of $327.1 million with an organic sales growth of 14%. The company's operating income was $18.7 million, with an adjusted operating income of $24.4 million. The net loss was ($12.8) million, or ($0.19) per share, and the adjusted net loss was ($7.0) million, or ($0.10) per diluted share.

• Net sales of $327.1 million; Organic sales growth of 14%
• Operating income of $18.7 million with operating margin of 5.7%; adjusted operating income of $24.4 million with adjusted operating margin of 7.5%
• Net loss of ($12.8) million, or ($0.19) per share; adjusted net loss of ($7.0) million, or ($0.10) per diluted share
• Adjusted EBITDAP of $35.6 million with Adjusted EBITDAP margin of 10.9%

Headline financials

Revenue & EPS history

Triumph Group reaffirmed expected net sales of $1.39 billion to $1.43 billion, reflecting 7 - 10% organic growth. Updated operating income of $159.0 million to $174.0 million, reflecting operating margin of 11 - 12%. Reaffirmed adjusted EBITDAP of $210.0 million to $225.0 million, reflecting Adjusted EBITDAP margin of 15 - 16%. Reaffirmed expected cash flow from operations of $60.0 million to $80.0 million; free cash flow of $35.0 million to $50.0 million.