Triumph Group Inc. Earnings: Exceeds Forecasts with Boost of Profit Rise

Triumph Group Inc. (NYSE:TGI) reported net income above Wall Street’s expectations for the fourth quarter. Triumph Group designs, engineers, manufactures and sells products for the aviation and aerospace industries.

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Triumph Group Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Triumph Group Inc. rose to $106.3 million ($2.03 per share) vs. $52.3 million ($1.02 per share) in the same quarter a year earlier. This is a more than twofold rise from the year-earlier quarter.

Revenue: Rose 3% to $946.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Triumph Group Inc. reported adjusted net income of $1.57 per share. By that measure, the company beat the mean estimate of $1.31 per share. It beat the average revenue estimate of $919.6 million.

Quoting Management: Richard C. Ill, Triumph’s Chairman and Chief Executive Officer, said, “Triumph had a terrific fiscal year 2012 capped by a strong fourth quarter operating performance. Full year and fourth quarter sales, earnings, operating margin and cash flow all were at record levels. We executed across all three of our business segments and delivered significant operating margin expansion. In addition, we continued the successful integration of Triumph Aerostructures, successfully managed our pension obligations, and exceeded our debt reduction goal.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 47.6% and in the second quarter, the figure rose 40.8%.

The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 17 cents in the third quarter, by 11 cents in the second quarter, and by 15 cents in the first quarter.

Revenue has risen for the last four quarters. Revenue increased 1.9% to $826 million in the third quarter. The figure rose 2.8% in the second quarter from the year earlier and climbed more than twofold in the first quarter from the year-ago quarter.

Looking Forward: Expectations for the company’s next-quarter performance are higher than they were ninety days ago. Over the past three months, the average estimate for the first quarter of the next fiscal year has risen to $1.24 per share from $1.23. Over the past three months, the average estimate for the fiscal year has climbed from $4.54 per to share to $4.72.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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