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Triumph Group (TGI) delivers essential aerospace solutions through advanced engineering and maintenance services. This news hub provides investors and industry professionals with authoritative updates on TGI's operational milestones, strategic partnerships, and market developments.
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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.
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