Triumph Group Expects FY24 Net Sales $1.43B-$1.47B (Prior $1.39B-$1.43B) Vs $1.43B Est
Portfolio Pulse from Benzinga Newsdesk
Triumph Group has raised its FY24 net sales guidance to $1.43B-$1.47B, up from the previous $1.39B-$1.43B. The company also updated its operating income to $152.0M-$167.0M and raised its adjusted EBITDAP to $216.0M-$231.0M. The expected cash flow from operations is now $65.0M-$85.0M with free cash flow of $40.0M-$55.0M.
November 07, 2023 | 11:14 am
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Triumph Group's raised FY24 guidance indicates strong future performance, which could positively impact its stock price.
Triumph Group has raised its FY24 guidance, indicating that the company expects stronger performance in the future. This includes higher net sales, operating income, and adjusted EBITDAP. Such positive financial outlook often leads to increased investor confidence, which could drive the stock price up.
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