Triumph Group (TGI) Beats On Q3 Earnings, Tweaks EPS View
Zacks Investment Research | Feb 06, 2020 10:47PM ET
Triumph Group Inc.’s (NYSE:TGI) adjusted earnings in third-quarter fiscal 2020 (ended Dec 31, 2019) were 69 cents per share, which surpassed the Zacks Consensus Estimate of 66 cents by 4.5%. The bottom line also improved 64.3% from 42 cents recorded in the prior-year quarter.
Including one-time adjustments, the company incurred GAAP loss of 27 cents per share in the fiscal third quarter compared with loss of 62 cents incurred in the year-ago quarter.
Improved operating income generated by the Aerospace Structures segment primarily contributed to the year-over-year improvement in the bottom- line figure.
Total Sales
Net sales in the quarter under review came in at $704.7 million, outpacing the Zacks Consensus Estimate of $675 million by 4.4%. However, the top line declined 12.8% on a year-over-year basis.
After taking divestitures into account, organic sales in the quarter went up 8% year over year driven by increased volumes on Airbus commercial programs, military rotorcraft components, aftermarket accessory services and legacy structures programs.
Triumph Group, Inc. Price, Consensus and EPS Surprise
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