Triumph Group is an aerospace and defense company that specializes in the design, manufacturing, and maintenance of a wide range of components and systems for commercial, military, and business aircraft
The company serves both original equipment manufacturers (OEMs) and the aftermarket, producing products such as aerostructures, landing gear, and various engine components. Triumph Group is committed to delivering innovative solutions and advanced technologies to enhance performance and reliability in the aviation sector, while also providing comprehensive support services to ensure the longevity and efficiency of its products.
Amidst widespread speculation, the return of President Trump as commander-in-chief could threaten earnings growth in the defense industry in 2025. That said, the main reason for caution lies in the fundamentals themselves.
Triumph Group reported strong Q4 FY24 results with sales of $358.6M (+11% Y/Y) and adjusted EPS of $0.31, beating estimates. The backlog increased by 22% and the company expects improvement in financial metrics.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 150 points on Wednesday. The Dow traded up 0.47% to 38,701.01 while the NASDAQ rose 0.89% to 15,748.69. The S&P 500 also rose, gaining, 0.82% to 4,994.75.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Wednesday. The Dow traded up 0.37% to 38,665.47 while the NASDAQ rose 0.83% to 15,737.97. The S&P 500 also rose, gaining, 0.76% to 4,991.73.
Triumph Group Inc (NYSETGI) disappoints investors with below-consensus Q3 results, citing sales of $285.0 million and an adjusted EPS loss of $(0.16). The company's downwardly revised FY24 outlook, with net sales guidance lowered to $1.17 billion-$1.20 billion, reflects challenges and strategic adjustments post-divestiture.
