The 10-second takeaway
For the quarter ended June 30 (Q1), Triumph Group missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share expanded slightly.
Margins dropped across the board.
Triumph Group logged revenue of $943.7 million. The 14 analysts polled by S&P Capital IQ predicted sales of $966.0 million on the same basis. GAAP reported sales were 6.3% higher than the prior-year quarter's $887.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $1.54. The 14 earnings estimates compiled by S&P Capital IQ predicted $1.54 per share. Non-GAAP EPS of $1.54 for Q1 were 4.1% higher than the prior-year quarter's $1.48 per share. GAAP EPS of $1.50 for Q1 were 2.7% higher than the prior-year quarter's $1.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 19.0%, 760 basis points worse than the prior-year quarter. Operating margin was 15.0%, 110 basis points worse than the prior-year quarter. Net margin was 8.4%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $978.6 million. On the bottom line, the average EPS estimate is $1.56.
Next year's average estimate for revenue is $3.92 billion. The average EPS estimate is $6.48.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 244 members out of 252 rating the stock outperform, and eight members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Triumph Group a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Triumph Group is outperform, with an average price target of $87.71.
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