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UPDATING GUIDANCE FOR PRODUCT SUPPORT SALE RADNOR, Pa., Feb. 7, 2024 /PRNewswire/ -- Triumph Group, Inc. today reported financial results for its third quarter of fiscal 2024, which ended December...
Organic Sales Growth Amidst Supply Chain Challenges; Strong Backlog Promises Future Growth
Triumph Group Inc (NYSE: TGI) disappoints investors with below-consensus Q3 results, citing sales of $285.0 million and an adjusted EPS loss of $(0.16). The company's downwardly revised FY24 outlook, with net sales guidance lowered to $1.17 billion-$1.20 billion, reflects challenges and strategic adjustments post-divestiture.
A survey of North American equities heading in both directions
Triumph management remains bullish about expected benefits from the sale of its Product Support group.