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Triumph Group: Fiscal 4Q Earnings Snapshot

Triumph Group: Fiscal 4Q Earnings Snapshot

BERWYN, Pa. (AP) _ Triumph Group Inc. (TGI) on Wednesday reported a loss of $199.6 million in its fiscal fourth quarter.

On a per-share basis, the Berwyn, Pennsylvania-based company said it had a loss of $4.01. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.15 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The aircraft supplier posted revenue of $869 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $832.2 million.

For the year, the company reported that its loss narrowed to $321.8 million, or $6.47 per share. Revenue was reported as $3.36 billion.

Triumph Group expects full-year earnings in the range of $2.35 to $2.95 per share, with revenue in the range of $2.8 billion to $2.9 billion.

Triumph Group shares have more than doubled since the beginning of the year. The stock has declined 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGI at https://www.zacks.com/ap/TGI

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