logo
Share SHARE
FONT-SIZE Plus   Neg

Triumph Group Q4 Profit Rises - Quick Facts

Triumph Group Inc. (TGI) Wednesday reported an increase in profit for the fourth quarter, due mainly to higher revenues.

The Berwyn, Pennsylvania-based company reported fourth-quarter net profit of $106.25 million or $2.03 per share, compared to $52.34 million or $1.02 per share last year.

For the quarter, income from continuing operations rose to $106.25 million or $2.03 per share from $54.03 million or $1.05 per share in the similar quarter last year.

Excluding acquisition and integration costs and curtailment gain, income from continuing operations increased to $81.90 million or $1.57 per share from $54.82 million or $1.07 per share in the similar quarter last year. On average, eight analysts polled by Thomson Reuters expected the company to earn $1.31 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 3 percent to $946.38 million from $919.09 million in the prior-year quarter. Eleven analysts had a consensus revenue estimate of $919.64 million for the quarter.

Looking ahead, the company's Chairman and Chief Executive Richard Ill said, "We are entering our new fiscal year with a very strong backlog and a very solid balance sheet. We project sales in the range of $3.5 billion to $3.7 billion and earnings per share from continuing operations for the fiscal year of $5.45 to $5.55 per diluted share, excluding integration costs."

Analysts currently expect earnings of $4.77 per share for the year, with revenues of $3.38 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
They say there's plenty of fish in the sea, but very few of them are as wealthy as these tycoons. May be they have been so busy building their empires they never had the time to stick with a perfect partner to build their family. This list of the richest singles is assorted — from a 34 year-old... Anthony Levandowski, the head of Uber's self-driving division, is stepping away from his role as Uber continues a legal battle with Waymo, Levandowski's former employer. Levandowski, who founded startup Otto, became head of Uber's Advanced Technologies Group or ATG after Otto was acquired by Uber in August 2016. Southwest Airlines Co. has decided to end the practice of overbooking flights, the airline's CEO Gary Kelly said Thursday. The airline's plan to end overbooking could be implemented from May 8, according to a Southwest spokeswoman.
comments powered by Disqus
Follow RTT