Triumph Group Inc. Earnings Cheat Sheet: Beats Expectations

Triumph Group Inc. (NYSE:TGI) reported net income above Wall Street’s expectations for the first quarter. Triumph Group, Inc. designs, engineers, manufactures and sells products for the global aerospace original equipment manufacturers of aircraft and aircraft components and repairs and overhauls aircraft components and accessories.

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Triumph Group Earnings Cheat Sheet for the First Quarter

Results: Net income for Triumph Group Inc. rose to $50.2 million (99 cents per share) vs. $11.4 million (31 cents per share) in the same quarter a year earlier. This is a more than fourfold rise from the year earlier quarter.

Revenue: Rose more than twofold to $845.1 million from the year earlier quarter.

Actual vs. Wall St. Expectations: TGI beat the mean analyst estimate of 85 cents per share. It beat the average revenue estimate of $805.4 million.

Quoting Management: “As a result of our strong first quarter, a favorable outlook for our major markets, current production rates and a weighted average share count of 51.6 million shares, we now expect that earnings per share from continuing operations for fiscal year 2012 will be approximately $4.35 per diluted share excluding integration costs.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of more than twofold, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose more than twofold from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the fourth quarter of the last fiscal year, net income rose more than twofold and in the third quarter of the last fiscal year, the figure rose more than sevenfold.

The company beat estimates last quarter after being in line with expectations in the fourth quarter of the last fiscal year with net income of 94 cents per share.

Competitors to Watch: Goodrich Corporation (NYSE:GR), United Technologies Corp. (NYSE:UTX), Honeywell Intl. Inc. (NYSE:HON), Spirit AeroSystems Hldgs., Inc. (NYSE:SPR), HEICO Corporation (NYSE:HEI), The Boeing Company (NYSE:BA), T.A.T. Technologies Ltd. (NASDAQ:TATT), General Electric (NYSE:GE), SIFCO Industries, Inc. (AMEX:SIF), Esterline Tech. Corp. (NYSE:ESL), and EDAC Technologies Corp. (NASDAQ:EDAC).

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(Source: Xignite Financials)