TGI - Why Is Aerospace Company Triumph Stock Tumbling Today? | Benzinga
Triumph Group, Inc. (NYSE:TGI) shares are trading lower after the company reported fourth-quarter FY24 results.
Sales of $358.6 million (+11% Y/Y organically) beat the consensus of $342.1 million. The company reported an adjusted EPS of $0.31, beating the consensus of $0.20.
Backlog was $1.9 billion, up 22% Y/Y, led by commercial OEM platforms. Adjusted operating income was $55.8 million (vs. $46.7 million a year ago), and the adjusted operating margin was 15.6%, up from 14.4% a year ago.
Adjusted EBITDAP rose to $58.3 million from $54.2 million in the prior year quarter, and the margin contracted to 16.3% from 16.7% a ...