Triumph Group Q1 Profit Rises

(RTTNews) - Triumph Group Inc. (TGI) Wednesday reported first-quarter net income of $128.2 million or $2.46 per share, up from $79.0 million or $1.50 per share last year.

Adjusted earnings from continuing operations for the quarter were $1.19 per share compared to $1.54 per share last year.

Net sales for the quarter were $896.9 million compared to $943.7 million last year.

Analysts polled by Thomson Reuters expected the company to report a earnings of $1.20 per share on revenues of $914.31 million for the quarter. Analysts' estimates typically exclude special items.

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 share. Analysts currently estimate earnings of $5.84 per share on revenues of $3.85 billion.