Triumph Group Lowered FY24 Outlook: Net Sales To $1.17B-$1.20B (Prior $1.43B-$1.47B) Vs $1.46B Est.
Portfolio Pulse from Benzinga Newsdesk
Triumph Group has revised its FY24 outlook downwards, with net sales now expected to be between $1.17B and $1.20B, a significant decrease from the previously forecasted range of $1.43B to $1.47B. This new forecast falls below the estimated $1.46B.
February 07, 2024 | 11:07 am
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Triumph Group has significantly lowered its FY24 sales outlook, now expecting net sales to be between $1.17B and $1.20B, down from the previous forecast of $1.43B to $1.47B.
The substantial reduction in Triumph Group's FY24 sales forecast is likely to negatively impact investor sentiment and the stock price in the short term. The new forecast not only represents a significant decrease from the company's previous expectations but also falls below the market estimate of $1.46B, indicating potential challenges ahead for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100