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Triumph Group Reports Strong Third Quarter Fiscal 2013 Earnings; Raises Fiscal Year 2013 Guidance

Stocks in this article: TGI

Outlook

Commenting on the company’s performance and its outlook for fiscal year 2013, Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said, “We continued our strong performance during the third quarter delivering increased revenue, operating income growth and year-over-year operating margin expansion across all three of our business segments. We continued to execute well and generate significant cash flow. Strategically, we completed the acquisition of Embee, Inc. and signed an agreement to acquire Goodrich Pump and Engine Control Systems. In addition to providing a better balance within our business, both of these acquisitions advance our technical capabilities and will significantly enhance our ability to offer additional solutions to our customers. We expect this momentum to carry on into our fourth quarter and are confident of our ability to deliver long-term growth and profitability.”

“Based on the strong year-to-date performance, current production rates, and a weighted average share count of 52.5 million shares, we project sales for fiscal year 2013 to be approximately $3.65 billion and are raising our full year earnings guidance to earnings per share from continuing operations of approximately $6.05 per diluted share, which includes the benefit of the retroactive reinstatement of the research and development tax credit and excludes integration costs and early retirement incentives.”

As previously announced, Triumph Group will hold a conference call tomorrow at 8:30 a.m. (ET) to discuss the fiscal year 2013 third quarter results. The conference call will be available live and archived on the company’s website at http://www.triumphgroup.com. A slide presentation will be included with the audio portion of the webcast. An audio replay will be available from January 31 st to February 7 th by calling (888) 266-2081 (Domestic) or (703) 925-2533 (International), passcode #1602339.

Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.

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