Triumph Group Updates FY17 Expectations - Quick Facts

(RTTNews) - Triumph Group, Inc. (TGI) reaffirmed its fiscal 2017 revenue guidance of $3.6 to $3.7 billion and now expects earnings per share to be in the range of $3.15 to $3.45. Analysts polled by Thomson Reuters expect the company to report profit per share of $5.01. Analysts' estimates typically exclude special items. In May, the company projected fiscal 2017 earnings per share to be between $4.90 to $5.10, including approximately $0.68 per share of projected restructuring charges, approximately $0.15 per share of financing activity charges and approximately $0.12 per share of trade name amortization.

The company said its updated full year expectations reflect current aircraft production rates, first quarter performance and an updated assessment of program risks. Additionally, the guidance takes into consideration estimated costs associated with risk retirement initiatives on development and key programs.