Triumph Group Inc · Q2 2021 earnings

Briefing

Reported financial results for the second quarter of fiscal year 2021.

Triumph Group reported a net sales of $481.8 million and an operating income of $7.4 million for the second quarter of fiscal year 2021. The company's net loss was $33.5 million, or ($0.64) per share. Cash flow used in operations was ($42.2) million, and free cash use was ($47.3) million.

• Net sales of $481.8 million
• Operating income of $7.4 million with operating margin of 2%; adjusted operating income of $21.4 million with adjusted operating margin of 4%
• Net loss of $33.5 million, or ($0.64) per share; adjusted net loss of $4.3 million, or ($0.08) per share
• Cash flow used in operations of ($42.2) million, and free cash use of ($47.3) million

Headline financials

Revenue & EPS history

The Company continues to expect that net sales for fiscal year 2021 will be approximately $1.8 to $1.9 billion. The Company anticipates that the trends in cash used in operations that were experienced in the first half of fiscal 2021 to continue, but to a lesser degree in the third quarter, and expects cash flow to be positive in the fourth quarter of the fiscal year. Therefore, the Company expects cash used in operations and free cash use for the full fiscal year to be moderately higher than the first half.