29-Jul-2013 3:03 PM

Triumph Group reports profit growth in 1QFY2014, reaffirms FY2014 revenue guidance

Triumph Group revenue up 6% - financial highlights for three months ended 30-Jun-2013:

  • Net sales: EUR943.7 million, +6.3% year-on-year;
    • Aerostructures: USD651.9 million, -2.7%;
    • Aerospace systems: USD219.5 million, +56.2%;
    • Aftermarket services: USD74.4 million, -7.0%;
  • Operating profit: USD141.3 million, +0.3%;
    • Aerostructures: USD100.4 million, -16.4%;
    • Aerospace systems: USD42.6 million, +81.7%;
    • Aftermarket services: USD11.3 million, -4.5%;
  • Net profit: USD79.0 million, +3.6%;
  • Total assets: USD5251 million;
  • Cash and cash equivalents: USD18.5 million;
  • Total liabilities: USD3117 million. [more - original PR]

Triumph Group: “Based on current projected aircraft production rates and a weighted average share count of 53.1 million shares, we are reaffirming our revenue guidance for fiscal year 2014 of USD3.8 to USD4.0 billion and are maintaining our full year guidance of earnings per share of USD5.65 to USD5.75 per diluted share. Excluding the Jefferson Street move related costs, earnings per share for fiscal year 2014 are expected to be USD6.30 to USD6.40 per diluted share,” Jeffry Frisby, President and CEO. Source: Company statement, 26-Jul-2013.

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