Triumph Group Net Sales Soar To New Record

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Even before an acquisition and the inking of new Gulfstream business jet contracts, Berwyn aerospace supplier Triumph Group saw net sales climb to record heights just shy of $1 billion in the second quarter.

“Our second quarter performance reflected our continued focus on execution, cost improvement and cash generation as well as our commitment to meeting our customers’ needs, and we were pleased to achieve record net quarterly revenues,” President and CEO Jeffry D. Frisby said in a press release.

The new Triumph Group record was up 3 percent from the same quarter a year ago, and quarterly net income amounted to $67.4 million, or $1.32 per diluted share.

“We remain focused on improving our operational execution while exploring opportunities to strategically expand Triumph’s global presence and achieve balance in our segments, end markets and customers,” Frisby said of his outlook for the future; full-year estimates place revenue at $3.8 to $3.9 billion and earnings per share of $5.75 to $5.90.

Read more about the second quarter financial results from Triumph Group here.

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