Triumph Group Q4 Profit Down

(RTTNews) - Triumph Group Inc. (TGI) Wednesday reported fourth-quarter net income of $42.3 million or $0.80 per share, down from $65.6 million or $1.24 per share last year.

Adjusted earnings for the fourth quarter dropped to $1.39 per share from $1.68 per share last year.

For the fourth quarter, net sales dropped 5 percent to $936.4 million from $986.3 million last year.

Analysts polled by Thomson Reuters expected the company to report a earnings of $1.31 per share on revenues of $978.43 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the full year 2015, the company expects earnings of $5.13 to $5.23 per share, adjusted earnings of $5.65 to $5.75 per share, and sales of $3.7 to $3.8 billion. Analysts currently estimate earnings of $5.73 per share on revenues of $3.91 billion.