Triumph Group Turns To Q2 Profit, Lifts FY25 Earnings View; Stock Up In Pre-market

Triumph Group

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(RTTNews) - Aerospace company Triumph Group Inc. (TGI), while reporting a profit in its second quarter, compared to prior year's loss, on Tuesday raised its fiscal 2025 earnings view, while maintaining sales forecast.

In pre-market activity on the NYSE, Triumph Group shares were gaining around 10 percent to trade at $17.81.

Outlook

For fiscal 2025, the company now expects earnings per share in a range of $0.47 to $0.53, and adjusted earnings per share in a range of $0.70 to $0.76.

The company previously expected earnings per share of approximately $0.33 and adjusted earnings per share of approximately $0.52.

Analysts on average expect the company to report earnings of $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company further increased operating income outlook to a range of $140.5 million to $145.5 million, reflecting operating margin of 12%; and adjusted EBITDAP view to a range of $190.0 million to $195.0 million, reflecting Adjusted EBITDAP margin of 16%.

Net sales for the year is still expected to be approximately $1.2 billion, while the Street is looking for sales of $1.21 billion.

Dan Crowley, TRIUMPH's chairman, president and chief executive officer, said, "TRIUMPH is raising its fiscal 2025 earnings and cash flow guidance on strong aftermarket demand and the improvement in Interiors, while maintaining sales guidance despite lower short-term OEM production rates which we expect to recover in our fourth quarter. Our strong aftermarket growth and operating performance, and historical seasonality will accelerate our free cash flow generation in the second half of FY25. We expect to deliver top and bottom-line growth rates at or above the market as we benefit from continuing strong aftermarket demand."

Q2 Results

In its second quarter, the company reported earnings of $11.87 million, compared to prior year's loss of $1.30 million in the same period last year. Earnings per share were $0.15, compared to loss per share of $0.02 a year ago.

Adjusted earnings were $15.43 million or $0.20 per share for the period.

Net sales grew to $287.50 million from $284.68 million in the same period last year.

Analysts expected the company to report earnings of $0.01 per share on sales of $283.09 million for the quarter.

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