Triumph Group, Inc. (TGI) Tops Q4 EPS by 8c

Triumph Group, Inc. (NYSE: TGI) reported Q4 EPS of $1.39, ex-items, $0.08 better than the analyst estimate of $1.31. Revenue for the quarter came in at $936.4 million versus the consensus estimate of $978.43 million.

Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said, “Triumph ended the fiscal year with earnings on an adjusted basis beyond what we expected. The Aerospace Systems Group and the Aftermarket Services Group were able to deliver strong margins, expanding on a sequential quarterly basis, while the Aerostructures Group, excluding the Jefferson Street move related costs and the 747-8 program, delivered a solid quarter. We have made good progress with the execution of the 747-8 program, which is now stabilized and remains on schedule. The closure of our Jefferson Street facility and move to our new, state of the art facility in Red Oak was successfully completed in the quarter, significantly improving our competitive position for large composite structure and integrated assemblies with opportunity for growth. We continued the integration of our recent acquisitions and continued to successfully manage our pension obligations. In addition, we increased our share repurchase authority to approximately 5.5 million shares and executed a 300,000 share buyback during the quarter to provide immediate returns to our shareholders. Moreover, we believe that Triumph is well positioned to take advantage of significant growth opportunities which will provide increased value to our shareholders.”

For earnings history and earnings-related data on Triumph Group, Inc. (TGI) click here.

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