Berwyn-based Triumph Group, Inc. says its fiscal year 2015, which ended June 30, is off to a solid start.

Jeffry D. Frisby, president and CEO, said the recent quarter was productive.  The company acquired GE Aviation’s hydraulic actuation business and transitioned into the Red Oak facility. There was strong global demand for products and services.

“We remain focused on execution relative to customer commitments while increasing profitability, expanding margins and generating strong cash flow in order to maximize returns to our shareholders,” Frisby said.

Net sales for the fiscal first quarter of 2015 were $896.9 million, a five percent decrease compared to fiscal first quarter 2014 net sales of $943.7 million.  Operating income for the first quarter fiscal year 2014 was $240.5 million and included a legal settlement gain.

“We expect to see our performance strengthen as we move through fiscal 2015, particularly in the second half of the year,” said Frisby.

“We remain focused on execution and supporting our vision to expand Triumph’s global presence and achieve balance in our segments, end markets and customers. We will continue to leverage our deep customer relationships and pursue strategic growth opportunities to create additional value for shareholders.”

Based on current projected aircraft production rates and a weighted average share count of 51.6 million shares, the company reaffirmed its fiscal year 2015 revenue guidance of $3.8 to $3.9 billion and its full year earnings per share guidance of $5.75 to $5.90 per diluted share, excluding the non-recurring items. The company also reaffirmed its adjusted EBITDA guidance for fiscal year 2015 of $665 million to $680 million, and expects to generate free cash flow available for debt reduction, acquisitions and share repurchases after pension contributions for the fiscal year of approximately $385 million.

Triumph designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.  The firm’s global clients include commercial and regional airlines, the military and air cargo carriers.

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