Triumph Group (TGI) Tops Q3 EPS by 11c
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Triumph Group Reports Third Quarter Fiscal 2018 Results
February 1, 2018 6:00 AM ESTReaffirms Fiscal Year 2018 Revenue and EPS Guidance and Updates Cash Guidance
BERWYN, Pa.--(BUSINESS WIRE)-- Triumph Group, Inc. (NYSE: TGI) (Triumph or the Company) today reported financial results for its third quarter of fiscal year 2018, which ended December 31, 2017.
Third Quarter Fiscal 2018 Highlights
Net sales were $775.2 million. Operating loss was ($119.7) million, reflecting an operating margin of (15%), and included $190.2 million non-cash goodwill impairment charge for Precision Components. On an adjusted basis, operating income was $62.0 million, reflecting an adjusted operating margin of... More