Triumph Group Backs FY Outlook After Q2 Profit Tops View

(RTTNews) - Triumph Group, Inc. (TGI), a manufacturer of aerostructures, aircraft components, accessories, subassemblies and systems, Wednesday reaffirmed its outlook for fiscal year 2016.

The company's revenue guidance is in the range of $3.9 billion to $4.0 billion and full year earnings per share guidance is between $5.50 and $5.75 per share, excluding facility consolidation costs and the pension curtailment charge.

Analysts look for earnings of $5.44 per share on sales of $3.95 billion.

Meanwhile, net income for the second quarter dropped to $61.61 million from $67.45 million. Earnings per share were $1.25, compared to $1.32 last year.

Excluding a facility consolidation charge, earnings per share were $1.32 per share. In the previous year, adjusted earnings per share totaled $1.42.

On average, 15 analysts polled by Thomson Reuters expected earnings of $1.27 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales fell to $954.77 million from $994.12 million. Analysts expected sales of $987.91 million.