Triumph Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 08, 2022 at 04:30 pm IST
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Triumph Group, Inc. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was USD 307.6 million compared to USD 357.4 million a year ago. Net income was USD 106.53 million compared to net loss of USD 9.07 million a year ago. Basic earnings per share from continuing operations was USD 1.64 compared to basic loss per share from continuing operations of USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 1.63 compared to diluted loss per share from continuing operations of USD 0.14 a year ago.
For the six months, sales was USD 656.98 million compared to USD 754.04 million a year ago. Net income was USD 96.18 million compared to net loss of USD 39.42 million a year ago. Basic earnings per share from continuing operations was USD 1.48 compared to basic loss per share from continuing operations of USD 0.61 a year ago. Diluted earnings per share from continuing operations was USD 1.47 compared to diluted loss per share from continuing operations of USD 0.61 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.