Why Is Aerospace Company Triumph Stock Tumbling Today?
Why Is Aerospace Company Triumph Stock Tumbling Today?
Triumph Group, Inc. (NYSE:TGI) shares are trading lower after the company reported fourth-quarter FY24 results.
Triumph Group, Inc.（紐交所：TGI）報告第四財季 FY24 的業績後，其股價下跌。
Sales of $358.6 million (+11% Y/Y organically) beat the consensus of $342.1 million. The company reported an adjusted EPS of $0.31, beating the consensus of $0.20.
銷售額爲3.586億美元（有機增長11％），超過了預期的3.421億美元。該公司報告調整後每股收益爲0.31美元，超過了預期的0.20美元。
Backlog was $1.9 billion, up 22% Y/Y, led by commercial OEM platforms. Adjusted operating income was $55.8 million (vs. $46.7 million a year ago), and the adjusted operating margin was 15.6%, up from 14.4% a year ago.
訂單未履行額爲19億美元，同比增長22％，其中商用飛機原始設備製造商平台佔領主導地位。調整後的營業利潤爲5580萬美元（去年同期爲4670萬美元），調整後的營業利潤率爲15.6％，高於去年同期的14.4％。
Adjusted EBITDAP rose to $58.3 million from $54.2 million in the prior year quarter, and the margin contracted to 16.3% from 16.7% a year ago.
調整後的 EBITDAP 從去年同期的 5420 萬美元升至 5830 萬美元，利潤率從去年同期的 16.7% 下滑至 16.3%。
Operating cash flow stood at $77.7 million, and free cash flow reached $72.1 million. As of March-end, cash and cash equivalents stood at $392.5 million.
經營性現金流爲7770萬美元，自由現金流達到7210萬美元。截至三月底，現金及現金等價物達到3.925億美元。
Dan Crowley, chairman, president and chief executive officer, said, "While sales increased in our Interiors business in the fourth quarter, its profit and cash flow continued to lag due to external cost drivers. We expect these headwinds to abate as narrowbody aircraft rates recover. However, TRIUMPH generated positive free cash flow overall and achieved our strongest margins of the fiscal year due to benefits from higher overall sales and strong aftermarket mix."
董事長兼首席執行官丹·克勞利表示：“雖然我們內部業務的銷售額在第四季度有所增加，但其利潤和現金流仍因外部成本因素而滯後。我們預計這些阻力會在單通道飛機的銷售回升時消退，不過 Triumph 總體上實現了正面的自由現金流，並取得了本財政年度最強的利潤率，這得益於總銷售額的增長和強勁後市場構成比例。”
FY25 Outlook: Triumph expects net sales of $1.2 billion versus $1.28 billion street view.
FY25展望：Triumph 預計淨銷售額爲12億美元，而街頭預期爲12.8億美元。
Triumph now projects an operating income of $140.0 million. Adjusted EBITDAP of $182.0 million, reflecting a 15% adjusted EBITDAP margin.
Triumph 現預計營業利潤爲1.4億美元，調整後的 EBITDAP 爲1.82億美元，反映了15%的調整後 EBITDAP 利潤率。
Triumph projects a cash flow from operations outlook of $30.0 million-$50.0 million.
Triumph 預計操作現金流爲3000萬美元至5000萬美元。
Crowley added, "Our fiscal 2025 guidance reflects the strength of TRIUMPH's portfolio, helping to offset short-term end market headwinds, while enabling improvement across our key financial metrics, notably an estimated 300 basis point expansion in Adjusted EBITDAP margins."
克勞利補充說：“我們 2025 財政年度的指導反映了 TRIUMPH 產品組合的實力，有助於抵消短期的終端市場阻力，同時促進我們關鍵財務度量的提高，尤其是調整後 EBITDAP 利潤率的預計擴展了300個點子。”
"With the anticipated market demand from the coming aerospace and defense upcycle, we expect to deliver top and bottom-line growth rates at or above the market as we benefit from a focus on OEM and related aftermarket product lines."
“隨着航空航天與國防市場需求的預期增長，我們預計將以 OEM 和相關售後市場產品線爲重點，實現市場基準以上的收入和淨利潤增長率。”
Investors can gain exposure to the stock via Gabelli Commercial Aerospace And Defense ETF (NYSE:GCAD).
投資者可以通過 Gabelli 商業航空和國防 ETF（NYSE：GCAD）獲得該股票的投資機會。
Price Action: TGI shares are down 13.5% at $12.98 at the last check Thursday.
股票價格變動：TGI 股票在週四最後一次查詢時下跌了13.5％，至每股12.98美元。
Photo via Wikimedia Commons
照片通過Wikimedia Commons
譯文內容由第三人軟體翻譯。