Triumph Q1 Profit Declines - Quick Facts

(RTTNews) - Triumph Group Inc (TGI), a maker of aero structures and aircraft components, on Wednesday reported first-quarter net earnings of $62.7 million or $1.27 per share, compared to $128.2 million or $2.46 per share in the prior year.

Excluding items, adjusted earnings for the quarter were $1.31 per share, up from $1.19 per share a year ago. On average, 15 analysts polled by Thomson Reuters expected the company to earn $1.34 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter were $959.64 million, up 7% from $896.91 million in the prior year. Analysts expected revenue of $963.20 million for the quarter.

Based on current aircraft production rates, the company expects earnings per share, excluding the first quarter curtailment charge, for fiscal year 2016 to be in the range of $5.50 to $5.75 per share and revenue in the range of $3.9 billion to $4.0 billion. Analysts expect fiscal 2016 earnings of $5.97 per share and revenue of $4.01 billion.