Triumph Group reports Q2 adjusted EPS 1c, consensus (1c)

Reports Q2 revenue $354.06M, consensus $337.4M. “TRIUMPH generated its sixth consecutive quarter of year over year organic sales growth driven by continued strong commercial aftermarket demand,” said Dan Crowley, TRIUMPH’s chairman, president, and chief executive officer. “Free cash use was in line with our expectations. We continue to expect free cash flow to improve over the course of the year, as the first half working capital build supports our higher second half deliveries. Backlog is at its highest level since March 2020 and TRIUMPH is well positioned to continue to grow organically and improve profitability, while also benefiting from the positive trends across our end markets.”