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TRIUMPH REPORTS FOURTH QUARTER FISCAL 2024 RESULTS
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its fourth quarter and fiscal 2024, which ended March 31, 2024. Fourth Quarter Fiscal 2024 Net sales of $358.6 million; organic sales growth of 11% Operating income of $44.8 million with operating margin of 12.5%; adjusted operating income of $55.8 million with adjusted operating margin of 15.6% Net income from continuing operations of $5.5 million, or $0.07 per diluted share; adjusted net income from continuing operations of $23.3 million, or $0.31 per diluted share Adjusted EBITDAP of $58.3 million with Adjusted EBITDAP margin of 16.3% Cash provided by operations of $77.7 million and free cash flow of $72.1 million Fiscal 2024 Net sales of $1.19 billion; organic sales growth of 13% Operating income of $86.5 million with operating margin of 7.3%; adjusted operating income of $114.9 million with adjusted operating margin of 9.6% Net loss from continuing operations of ($34.5) million, or
TRIUMPH to Webcast Fourth Quarter Fiscal Year 2024 Earnings Conference Call
will release fourth quarter fiscal year 2024 earnings on May 23, 2024, and will host a conference call that day at 8:30 a.m. ET. A slide presentation will be included with the audio portion of the webcast. What: TRIUMPH Fourth Quarter Fiscal Year 2024 Earnings Conference Call When: 8:30 a.m. ET on Thursday, May 23, 2024 Where: http://www.triumphgroup.com How: Go to the web site at least fifteen minutes early to register, download, and install any necessary audio software. Archive: For those who cannot listen to the live broadcast, a replay will be available two hours after the call and will remain available for 90 days. TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, subsystems and components. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators through the aircraft
TRIUMPH UPDATES FINANCIAL GUIDANCE FOR FULL YEAR FISCAL 2024
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has updated its financial guidance for its full year fiscal 2024, which ends March 31, 2024, in conjunction with the recent closing on the sale of its former Product Support business and the related expected paydowns of its debt. The updated cash guidance includes the cash flows from the Product Support business through February 29, 2024, as well as reflects certain cash outflows related to the transaction, including transaction fees and taxes, the timing of interest and accelerated employee related obligations of the divested operations, which are expected to be paid in March 2024, along with modest working capital timing impacts on the continuing operations. Full Year Fiscal 2024 Guidance Reaffirming net sales of $1.17 billion to $1.20 billion Reaffirming operating income of $100.0 million to $110.0 million Reaffirming adjusted EBITDAP of $157.0 million to $167.0 million Updating cash flow used in
TRIUMPH REPORTS FOURTH QUARTER FISCAL 2024 RESULTS
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its fourth quarter and fiscal 2024, which ended March 31, 2024. Fourth Quarter Fiscal 2024 Net sales of $358.6 million; organic sales growth of 11% Operating income of $44.8 million with operating margin of 12.5%; adjusted operating income of $55.8 million with adjusted operating margin of 15.6% Net income from continuing operations of $5.5 million, or $0.07 per diluted share; adjusted net income from continuing operations of $23.3 million, or $0.31 per diluted share Adjusted EBITDAP of $58.3 million with Adjusted EBITDAP margin of 16.3% Cash provided by operations of $77.7 million and free cash flow of $72.1 million Fiscal 2024 Net sales of $1.19 billion; organic sales growth of 13% Operating income of $86.5 million with operating margin of 7.3%; adjusted operating income of $114.9 million with adjusted operating margin of 9.6% Net loss from continuing operations of ($34.5) million, or
TRIUMPH to Webcast Fourth Quarter Fiscal Year 2024 Earnings Conference Call
will release fourth quarter fiscal year 2024 earnings on May 23, 2024, and will host a conference call that day at 8:30 a.m. ET. A slide presentation will be included with the audio portion of the webcast. What: TRIUMPH Fourth Quarter Fiscal Year 2024 Earnings Conference Call When: 8:30 a.m. ET on Thursday, May 23, 2024 Where: http://www.triumphgroup.com How: Go to the web site at least fifteen minutes early to register, download, and install any necessary audio software. Archive: For those who cannot listen to the live broadcast, a replay will be available two hours after the call and will remain available for 90 days. TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, subsystems and components. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators through the aircraft
TRIUMPH UPDATES FINANCIAL GUIDANCE FOR FULL YEAR FISCAL 2024
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has updated its financial guidance for its full year fiscal 2024, which ends March 31, 2024, in conjunction with the recent closing on the sale of its former Product Support business and the related expected paydowns of its debt. The updated cash guidance includes the cash flows from the Product Support business through February 29, 2024, as well as reflects certain cash outflows related to the transaction, including transaction fees and taxes, the timing of interest and accelerated employee related obligations of the divested operations, which are expected to be paid in March 2024, along with modest working capital timing impacts on the continuing operations. Full Year Fiscal 2024 Guidance Reaffirming net sales of $1.17 billion to $1.20 billion Reaffirming operating income of $100.0 million to $110.0 million Reaffirming adjusted EBITDAP of $157.0 million to $167.0 million Updating cash flow used in
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