TGI - Triumph Non-GAAP EPS of $0.12 beats by $0.01 revenue of $328.9M beats by $20.77M raises FY23 guidance
- Triumph press release ( NYSE: TGI ): Q3 Non-GAAP EPS of $0.12 beats by $0.01 .
- Revenue of $328.9M (+3.0% Y/Y) beats by $20.77M .
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Fiscal 2023 Guidance
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Raising net sales to a range of $1.30 billion to $1.35 billion, up from prior guidance of approximately $1.3 billion vs $1.30B Consensus.
- Updating GAAP earnings per diluted share to a range of $1.59 to $1.79, down from prior guidance of $1.66 to $1.86 due to additional share count from the warrant distribution
- Raising adjusted earnings per diluted share to a range of $0.48 to $0.68, up from prior guidance of $0.40 to $0.60, on increased sales volume vs $0.50 Consensus
- Cash used in operations of ($30.0) million to ($40.0) million; free cash use of ($55.0) million to ($65.0) million, improved from prior guidance of ($60.0) million to ($70.0) million
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Triumph Non-GAAP EPS of $0.12 beats by $0.01, revenue of $328.9M beats by $20.77M, raises FY23 guidance