The quarter was fine, but the company sees customer-related weakness up ahead. Issues with various customers are likely to weigh on Triumph Group's (TGI 5.85%) results in the quarters to come, a fresh obstacle for this long-suffering aerospace supplier. Investors are in no mood to wait out the delays. Shares of Triumph traded down 12% for the week as of 2 p.m. Thursday, according to data provided by S&P Global Market Intelligence. Charges up ahead Triumph is a collection of aerospace businesses that have pe ...

| --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | First Quarter FY'25 Earnings Conference Call | | | | | Daniel J. Crowley , Chairman, President & CEO James F. McCabe, Jr. , Senior Vice President & CFO | | | | Forward Looking Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking stateme ...

财务数据和关键指标变化 - 第一季度收入为2.81亿美元,同比增长7% [23] - 调整后营业利润为1.3亿美元,同比增长23% [23] - 调整后营业利润率为6%,同比提升80个基点 [23] - 调整后EBITDAP为2.5亿美元,EBITDAP利润率为9% [24] - 商用市场收入占比从27%提升至33% [25] - 商用市场售后收入增长43%,达1.5亿美元 [27] - 军用市场售后收入增长11%,达4100万美元 [28] 各条业务线数据和关键指标变化 - 商用市场售后收入增长,主要得益于737机型备件和维修需求 [27] - 商用市场OEM收入小幅增长,787机型收入增加抵消了429、737等机型的下降 [28] - 军用市场OEM收入有所下降,但CH-53K机型OEM和售后收入保持增长 [28] 各个市场数据和关键指标变化 - 商用市场售后收入占比从27%提升至33%,为公司贡献73%利润 [25] - 军用市场售后收入增长11%,抵消了OEM收入的下降 [28] 公司战略和发展方向及行业竞争 - 公司正在向系统和知识产权为主的售后市场转型,与AAR建立了无缝过渡 [19] - 公司已大幅降低债务,获得穆迪和标普的信用评级上调 [11] - 公司正在积极开发新产品,如发动机控制、电子航电等,以增强长期价值 [39][46] - 公司正在加强与GE等主要客户的合作,GE收入过去4年CAGR达23% [46] - 公司正在积极开拓电动航空等新兴市场,获得了多个设计开发合同 [48] 管理层对经营环境和未来前景的评论 - 公司对行业长期需求保持乐观,预计将进入超级周期 [38][41] - 商用机型订单和交付正在逐步恢复,预计未来18个月内将有较大增长 [41][44] - 售后市场需求预计将持续强劲,直到本十年末 [41][140] - 公司正在积极应对供应链挑战和内饰业务的通胀压力 [16][67] 其他重要信息 - 公司在7月27日遭遇网络安全事件,已基本恢复正常运营 [51][52] - 公司在第一季度偿还了1.2亿美元债务,年化利息费用将减少5500万美元 [32][33] 问答环节重要的提问和回答 问题1 **Peter Arment 提问** 询问公司二季度和下半年的自由现金流情况 [58][59][60][62] **Jim McCabe 回答** 公司二季度自由现金流预计使用7000万至9000万美元,主要受供应链、OEM产率变化等因素影响,但下半年将快速回升,全年仍能实现正现金流 [89][90][147][148][149][150] 问题2 **Myles Walton 提问** 询问公司是否需要进一步精简业务组合以提升自由现金流 [96][97] **Dan Crowley 回答** 公司认为目前的业务组合是合适的,正在采取措施降低债务,未来有望进一步提升自由现金流,不需要大规模剥离业务 [98][99] 问题3 **Noah Poponak 提问** 询问公司一季度和二季度自由现金流大幅下滑的原因 [143][144][145][146] **Jim McCabe 回答** 主要是由于客户提前付款导致一季度现金流较好,而二季度受OEM产率变化和供应链挑战影响,导致工资资本大幅增加,但下半年将快速回升 [147][148][149][150][151]

财务业绩 - 净销售额为2.81亿美元，同比增长7%[5] - 调整后营业利润为1.72亿美元，调整后营业利润率为6%[6] - 调整后EBITDAP为2.54亿美元，调整后EBITDAP利润率为9%[6] - 公司三个月内营业收入为2.81亿美元，较上年同期2.64亿美元增长6.5%[35] - 公司三个月内调整后营业利润率为6.1%，上年同期为5.3%[44] 未来预测 - 预计2025财年净销售额约为12亿美元[7] - 预计2025财年调整后EBITDAP约为1.82亿美元，调整后EBITDAP利润率约为15%[8] - 预计2025财年调整后每股收益约为0.52美元[8] - 公司预计2025财年调整后息税折旧摊销及养老金前利润(Adjusted EBITDAP)为1.82亿美元[46] - 公司预计2025财年每股收益为0.52美元[37] 业务表现 - 商用航空后市场销售额增长42.6%，主要由于备件销售增加以及知识产权交易[17] - 军用航空后市场销售额增长11.4%，主要由于CH-47和CH-53等项目的备件和维修服务增加[17] - 公司2024年第一季度Systems & Support业务分部EBITDAP利润率为18.9%，较2023年同期的18.0%有所提升[29] - 公司2024年第一季度Interiors业务分部EBITDAP亏损7,277万美元，亏损幅度较2023年同期的1,893万美元有所扩大[30] 现金流 - 2025财年第一季度经营活动产生的现金流出为1.045亿美元[21] - 公司三个月内经营活动使用现金1045万美元，上年同期使用637万美元[48] - 公司三个月内自由现金流使用1127万美元，上年同期使用701万美元[48] 订单情况 - 截至2024年6月30日的订单总额为18.7亿美元，较上一财年末下降2%[20] 非经常性损益调整 - 公司剔除非经常性损益后的EBITDA和EBITDAP指标可以更好地反映公司的经营业绩[31,32,33,34] - 公司调整后息税折旧摊销及养老金前利润(Adjusted EBITDAP)为2536.9万美元，较上年同期2437.6万美元有所增长[35] - 公司调整后息税折旧摊销前利润(Adjusted EBITDA)为2433.6万美元，较上年同期2519.6万美元略有下降[35] - 公司调整后每股收益为-0.06美元，上年同期为-0.16美元[37] 亏损情况 - 公司在2024年第一季度录得净亏损1,409.1万美元，较2023年同期的1,816.3万美元有所改善[27] - 公司三个月内亏损1877.1万美元，较上年同期亏损2170.8万美元有所改善[35]

Triumph Group (TGI) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this aircraft supplier would post earnings of $0.12 per share when it actually produced earnings of $0.31, delivering a surprise of 158.33%. Over the last four quarters, the company ...

RADNOR, Pa., Aug. 7, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its first quarter of fiscal 2025, which ended June 30, 2024. First Quarter Fiscal 2025 Net sales of $281.0 million; sales growth of 7% Operating income of $8.1 million with operating margin of 3%; adjusted operating income of $17.2 million with adjusted operating margin of 6% Net loss from continuing operations of ($18.8) million, or $(0.24) per share; adjusted net loss ...

RADNOR, Pa., Aug. 6, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] today announced that its Actuation Products & Services business extended their repair and technical support agreement with Lockheed Martin as part of the F-35 Joint Strike Fighter fleet readiness support. TRIUMPH's Clemmons, North Carolina facility will provide engineering and material support for the program over the next five years. TRIUMPH has provided original equipment and aftermarket Hydraulic Utility Actuation Valves ...

DALLAS, July 30, 2024 (GLOBE NEWSWIRE) -- Triumph Financial, Inc. (Nasdaq: TFIN) is pleased to announce today the appointment of Mitchell Lee as chief risk and compliance officer. In his new role, Lee will be responsible for providing strategic oversight of the company’s enterprise risk and compliance efforts. This includes driving the ongoing development of a comprehensive enterprise risk management framework across all divisions of Triumph Financial including TriumphPay, Triumph and TBK Bank.   Reporting ...

Live Webcast scheduled for 8:30 AM ET on August 7, 2024 RADNOR, Pa., July 23, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release first quarter fiscal year 2025 earnings on August 7, 2024, and will host a conference call that day at 8:30 a.m. ET. A slide presentation will be included with the audio portion of the webcast. What: TRIUMPH First Quarter Fiscal Year 2025 Earnings Conference Call When: 8:30 a.m. ET on Wednesday, August 7, 2024 Where: http://www.triumphgroup.com   ...

文章核心观点 - 公司任命Mike Boland为新任首席运营官,负责公司的运营、质量、执行保证和TRIUMPH运营系统 [1][2][3] - 公司任命Natasha Trudeau为Actuation Products and Services (APS)业务部门总裁 [1][2] - 公司表示这些人事任命反映了公司拥有强大的人才储备,并致力于将公司的运营绩效提升到一个新的水平 [2] 公司概况 - 公司总部位于宾夕法尼亚州雷德诺,设计、制造、维修和大修广泛的航空航天和国防系统及部件 [4] - 公司为全球航空业提供服务,包括原始设备制造商和各类军用和商用航空运营商 [4] 新任首席运营官 - Mike Boland此前担任Actuation Products and Services (APS)部门总裁,在改善该业务的财务绩效和拓展其售后市场业务方面有出色表现 [2][3] - 他将负责确保公司继续生产安全、无缺陷、具有成本效益的产品,提高客户满意度,并与客户和供应商合作进一步改善公司的TRIUMPH运营系统 [3] 新任APS部门总裁 - Natasha Trudeau此前担任APS部门Yakima站点的总经理,在TransDigm Group也有过领导经验,是领导该市场领先的执行部门的理想人选 [2]