Triumph Group Inc.’s TGI adjusted earnings in second-quarter fiscal 2020 (ended Sep 30, 2019) were 64 cents per share, which surpassed the Zacks Consensus Estimate of 61 cents by 4.9%. The bottom line improved 60% from 40 cents recorded in the prior-year quarter.
The company generated GAAP earnings of 85 cents per share in the second quarter against a loss of 30 cents incurred in the year-ago quarter.
Net sales in the quarter under review came in at $772.1 million, outpacing the Zacks Consensus Estimate of $705 million by 9.5%. However, the top line declined 9.7% on a year-over-year basis.
After taking divestitures into account, organic sales in the quarter were up 12.8% year over year on increased volumes on engine and military rotorcraft components, aftermarket accessory services, continuing structures programs and new engineering services.
Triumph Group, Inc. Price, Consensus and EPS Surprise
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