NEW YORK - Triumph Group Inc (NYSE:TGI) shares edged up 0.6% in premarket trading on Tuesday after the aerospace supplier reported better-than-expected second quarter results and raised its full-year outlook.
The Radnor, Pennsylvania-based company posted adjusted earnings of $0.20 per share for the quarter ended September 30, significantly beating the analyst consensus estimate of $0.02 per share. Revenue came in at $287.5 million, topping expectations of $283.1 million.
Triumph Group's commercial aftermarket sales surged 26.2% YoY to $50.2 million, helping offset an 8.9% decline in commercial OEM sales to $118.9 million.
"TRIUMPH achieved its tenth consecutive quarter of year-over-year sales growth as commercial aftermarket sales from our IP-based business grew by more than 34%, more than offsetting temporary commercial OEM and supply chain headwinds," said CEO Dan Crowley.
For fiscal 2025, Triumph now expects adjusted earnings per share of $0.70 to $0.76, up from its prior guidance of $0.43 to $0.53 and well above the $0.43 consensus. The company maintained its revenue forecast of approximately $1.2 billion.
The improved outlook reflects "strong aftermarket demand and the improvement in Interiors," according to Crowley. He added that Triumph expects to "deliver top and bottom-line growth rates at or above the market" going forward.
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