Triumph Group Reaffirms FY24 Expected Net Sales Of $1.39B-$1.43B, Vs. Consensus Of $1.43B, Reflecting 7%-10% Organic Growth
Portfolio Pulse from Benzinga Newsdesk
Triumph Group, Inc. (NYSE:TGI) has reaffirmed its FY24 expected net sales of $1.39B-$1.43B, which reflects a 7%-10% organic growth. The consensus was $1.43B. The company also expects a cash flow from operations of $60.0 million to $80.0 million and a free cash flow of $35.0 million to $50.0 million.
August 04, 2023 | 10:46 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Triumph Group's reaffirmation of its FY24 expected net sales and cash flow could potentially reassure investors and positively impact the stock price.
The reaffirmation of Triumph Group's FY24 expected net sales and cash flow indicates that the company is confident in its financial outlook. This could reassure investors and lead to increased demand for the stock, potentially driving up the price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100