NYSE$TGI

Triumph Group Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported positive free cash flow and maintained full-year fiscal 2021 net sales guidance.

Triumph Group reported a decrease in net sales due to planned reductions on sunsetting and transitioned programs and the impacts of the COVID-19 pandemic. The company reported an operating loss, but adjusted operating income was positive. They maintained their full-year fiscal 2021 net sales guidance.

  • Net sales of $426.0 million.
  • Operating loss of $35.0 million with operating margin of (8%); adjusted operating income of $38.1 million with adjusted operating margin of 9%.
  • Net loss of $68.1 million, or ($1.30) per share; adjusted net income of $4.9 million, or $0.09 per diluted share.
  • Cash flow provided by operations of $43.9 million; free cash flow of $37.7 million.

Headline financials

Total Revenue

$426M

Previous: $705M-39.5%
EPS (adj)

$0.09

Previous: $0.69-87.0%
Adjusted Op. Margin

9.0%

Previous: 9.1%-1.1%
Free Cash Flow

$37.7M

Previous: $39.6M-4.8%
Net Income

-$68.1M

Previous: -$13.8M-391.8%
Operating Income

-$35M

Previous: $1.66M-2207.2%
Gross Profit

$85.2M

Previous: $158M-46.2%
Cash & Equivalents

$477M

Previous: $53.6M+790.5%
Total Assets

$2.4B

Previous: $2.63B-8.5%
Stock-Based Comp

$3.68M

Previous: $2.96M+24.5%

Revenue & EPS history

Triumph Group · Revenue · Quarterly

$426M

Q3 2021-39.5%vs Q3 2020
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Triumph Group · $35.3M total across 1 segment · Q2 2024

  • Interiors
    $35.3M

Forward guidance

The Company continues to expect that net sales for fiscal year 2021 will be approximately $1.8 to $1.9 billion. The Company expects cash flow to be break even to 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 on par or moderately lower than the first nine months.

Tailwinds

  • Net sales for fiscal year 2021 expected to be approximately $1.8 to $1.9 billion.
  • Cash flow expected to be break even to positive in the fourth quarter of the fiscal year.
  • Cash used in operations and free cash use for the full fiscal year expected to be on par or moderately lower than the first nine months.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

-0.1%

Avg return

Earnings day

-3.2%

Avg return

5 days after

-1.6%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+39.8%

Q4 2017

Best reaction

-34.9%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025+0.5%+0.4%+0.2%
Q3 2025+0.0%+0.7%+0.6%
Q2 2025+12.5%+10.8%+14.7%
Q1 2025-11.7%-15.5%-15.3%
Q4 2024-6.8%-6.5%+0.8%
Q3 2024-8.7%-8.9%-10.8%
Q2 2024+16.3%
Q1 2024-26.3%
Q4 2023+15.5%
Q3 2023+7.3%
Q2 2023+20.6%
Q1 2023-11.4%
Q4 2022-34.9%
Q3 2022+2.7%
Q2 2022-2.6%
Q1 2022-8.0%
Q4 2021-8.1%
Q3 2021+17.1%
Q2 2021+4.3%
Q1 2021+5.4%
Q4 2020-8.4%
Q3 2020+5.3%
Q2 2020+21.7%
Q1 2020+13.3%
Q4 2019-2.2%
Q3 2019+9.7%
Q2 2019+1.2%
Q1 2019+18.2%
Q4 2018-8.5%
Q3 2018-11.3%
Q2 2018-0.2%
Q1 2018-25.1%
Q4 2017+39.8%
Q3 2017+5.5%
Q2 2017+4.8%
Q1 2017-21.6%
Q4 2016+3.8%
Q3 2016-16.0%
Q2 2016+4.6%
Q1 2016-9.3%
Q4 2015+13.9%
Q3 2015-7.1%
Q2 2015+6.7%
Q1 2015-0.5%
Q4 2014-0.6%
Q3 2014-11.8%
Q2 2014-1.2%
Q1 2014-7.4%
Q4 2013-7.4%
Q3 2013-1.7%
Q2 2013+6.2%
Q1 2013-2.8%
Q4 2012+4.6%
Q3 2012+2.3%
Q2 2012-2.7%
Q1 2012+2.2%
Q4 2009+0.8%
Q4 2011+0.8%
Q3 2010+0.3%
Q3 2011+0.3%
Q2 2010-0.9%
Q2 2011-0.9%
Q4 2010-2.1%
Q1 2010-2.1%
Q1 2011-2.1%

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