Triumph Group Reports Second Quarter Fiscal 2019 Results
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Triumph Group (TGI) Misses Q2 EPS by 1c, Revenues Beat; Offers FY19 EPS Outlook
November 8, 2018 6:06 AM ESTTriumph Group (NYSE: TGI) reported Q2 EPS of $0.40, $0.01 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $855.1 million versus the consensus estimate of $799.22 million.
Net sales were $855.1 million.Operating loss was ($2.0) million. On an adjusted basis, operating income was $35.2 millionNet loss was ($14.7) million, or ($0.30) per share. On an adjusted basis, net income was $20.2 million, or $0.40 per diluted share.Cash used in operations was ($131.5) million, and free cash use was ($143.5) million.Management reaffirms guidance for fiscal year 2019... More