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Triumph Group (NYSE: TGI) announced fourth-quarter fiscal 2024 results with net sales of $358.6 million, showing an 11% organic sales growth.
Operating income was $44.8 million, with an operating margin of 12.5%, and adjusted operating income stood at $55.8 million (15.6% margin).
Net income from continuing operations was $5.5 million ($0.07 per share), while adjusted net income was $23.3 million ($0.31 per share).
For fiscal year 2024, net sales reached $1.19 billion with a 13% organic sales growth. The company reported a net loss of $34.5 million, or $(0.46) per share, but an adjusted net loss of $4.4 million, or $(0.06) per share.
Triumph's guidance for fiscal 2025 includes expected net sales of $1.2 billion, operating income of $140 million, adjusted EBITDAP of $182 million, earnings per share of $0.42, and free cash flow between $10 million to $25 million.
The company highlighted strategic actions, including the sale of a third-party Product Support MRO business and debt reduction, as well as significant new business captures, reflected in a 22% backlog increase year-over-year.
Triumph Group, Inc. (NYSE: TGI) will hold a webcast for their fourth quarter fiscal year 2024 earnings conference call on May 23, 2024, at 8:30 AM ET. The company, based in Radnor, Pennsylvania, specializes in aerospace and defense systems design, development, manufacturing, repair, and overhaul.
