Triumph Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 06:00 am EST
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Triumph Group, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 284.96 million compared to USD 261.66 million a year ago. Net loss was USD 15.9 million compared to net income of USD 10.95 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to basic earnings per share from continuing operations of USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.15. Basic loss per share was USD 0.2 compared to basic earnings per share of USD 0.17 a year ago. Diluted loss per share was USD 0.2 compared to diluted earnings per share of USD 0.08 a year ago.
For the nine months, sales was USD 833.46 million compared to USD 805.1 million a year ago. Net loss was USD 35.36 million compared to net income of USD 107.14 million a year ago. Basic loss per share from continuing operations was USD 0.55 compared to basic earnings per share from continuing operations of USD 1.49 a year ago. Diluted loss per share from continuing operations was USD 0.55 compared to diluted earnings per share from continuing operations of USD 1.37 a year ago. Basic loss per share was USD 0.49 compared to basic earnings per share of USD 1.65 a year ago. Diluted loss per share was USD 0.49 compared to diluted earnings per share of USD 1.53 a year ago.
Triumph Group, Inc. designs, engineers, manufactures, repairs and overhauls a portfolio of aerospace and defense systems, components and structures. The Company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators. The Company offers a variety of products and services to the aerospace industry. The Company operates through two segments. Triumph Systems & Support segment designs, develops and supports components, subsystems and systems; provides complex assemblies using external designs; and provides full life cycle solutions for commercial, regional and military aircraft. Triumph Interiors segment supplies commercial and regional manufacturers with aircraft interior systems, including air ducting and thermal acoustic insulation systems. Its Systems and Supports capabilities include hydraulic, mechanical, and electromechanical actuation.
TRIUMPH GROUP, INC. 
