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Stock impact report

Triumph Group Reports First Quarter Fiscal 2019 Results

Triumph Group, Inc. (TGI) 
Last triumph group, inc. earnings: 2/6 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.triumphgroup.com/investor-overview
Company Research Source: Business Wire
BERWYN, Pa.--(BUSINESS WIRE)-- Triumph Group, Inc. (NYSE: TGI) (“Triumph” or the “Company”) today reported financial results for its first quarter of fiscal year 2019, which ended June 30, 2018. First Quarter 2019 Highlights Net sales were $832.9 million. Operating loss was ($66.5) million, which includes the non-cash ASU 2017-07 pension adjustment of ($87.2) million. On an adjusted basis, operating income was $29.5 million with an adjusted operating margin of 3.5%. Net loss was ($76.5) million, or ($1.54) per share. On an adjusted basis, net income was $17.0 million, or $0.34 per diluted share. Cash used in operations was ($65.7) million, and free cash use was ($77.9) million. Guidance for fiscal 2019 for net sales of $3.3 to $3.4 billion and earnings per share of ($0.55) to $0.15, or $1.50 to $2.10 per diluted Show less Read more
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