Rivian Automotive TodayRIVNRivian Automotive$16.12 +2.87 (+21.66%) 52-Week Range$8.26▼$20.30Price Target$15.74Add to WatchlistRivian Automotive Inc. NASDAQ: RIVN stock is up more than 15% the morning after the company announced fourth-quarter deliveries that came in well above analysts’ estimates. Better still, the electric vehicle (EV) manufacturer announced that it is no longer experiencing a component shortage that was limiting production for select models.Get Rivian Automotive alerts:The company annou ...

It has been about a month since the last earnings report for Triumph Group (TGI) . Shares have added about 3.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Triumph Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Triumph Group Q2 Earnings Beat Estimates, ...

The hedge fund industry and some trading desks at the big investment banks are usually mystified for always knowing where and when to be. Most of what they do is obscure, but the little that has come to light can easily be adopted by retail traders and investors today. To go through one example, today's breakout stock in the financial sector offers just that. Triumph Financial TodayTFINTriumph Financial$104.46 -2.56 (-2.39%) 52-Week Range$66.85▼$110.58P/E Ratio133.92Price Target$71.60Add to WatchlistShares ...

Triumph Group, Inc. (TGI) reported second-quarter fiscal 2025 (ended Sept. 30, 2024) adjusted earnings of 20 cents per share, which beat the Zacks Consensus Estimate of 3 cents by a massive 566.7%. The bottom line also improved from the adjusted loss of 5 cents per share in the prior-year quarter.Including one-time adjustments, TGI reported GAAP earnings of 15 cents per share in the second quarter of fiscal 2025 against the loss of 8 cents in the prior-year quarter.Stay up-to-date with all quarterly release ...

Financial Data and Key Metrics Changes - Triumph Group reported consolidated revenue of $287 million for Q2, reflecting a year-over-year increase driven by a 13% growth in aftermarket revenue, which more than offset temporary OEM revenue headwinds [11][12] - Adjusted operating income rose to $36 million, up 44% from the previous year, with an adjusted operating margin of 11%, expanding 338 basis points [11][12] - Adjusted EBITDA increased by 26% to $43 million, with an EBITDA margin of 15%, up approximately 300 basis points from the prior year [11][12] Business Line Data and Key Metrics Changes - Aftermarket revenue surged 13% year-over-year, contributing over 60% of the company's profit, with commercial aftermarket growth at 34% due to an aging fleet [5][12] - Military OEM revenues increased, representing over 20% of total revenue, with military backlog growing 4% in the first half [6][12] - Commercial OEM revenues included sales across more than 30 programs, contributing 40% to total sales but only 13% to profitability, indicating potential margin upside as the market recovers [6][12] Market Data and Key Metrics Changes - The aftermarket segment is expected to grow due to a shortage of new aircraft and the emerging 787 landing gear overhaul cycle, with gross margins of 57% in this segment [5][12] - Total backlog increased by 7% year-over-year to $1.9 billion, driven by military and commercial platform growth [10][12] - The company anticipates continued strong demand in the aftermarket, with a significant contribution from proprietary products driving profitability [12][12] Company Strategy and Development Direction - Triumph Group is focusing on organic growth by expanding solutions in addressable markets, with strategic investments in new development labs and upgraded production capabilities [8][10] - The company aims to enhance shareholder value by streamlining operations and focusing on a robust inventory of IP-based products, positioning itself as an aftermarket-driven company [16][12] - The management is optimistic about the future, citing strong demand across a diversified customer base and the potential for a super cycle in the aerospace market [39][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving updated fiscal '25 objectives, driven by strong aftermarket demand and improved operational efficiency [16][12] - The company has successfully restored its interiors business to profitability through cost reductions and a favorable settlement with Boeing, which is expected to enhance margins moving forward [11][12] - Management highlighted that the current strong commercial aftermarket demand is expected to continue for years, supported by a growing installed base of proprietary products [12][12] Other Important Information - Triumph Group's net debt was reported at $868 million, a 43% decrease from the previous year, with leverage down to 5.5 times [14][12] - The company raised its fiscal '25 guidance for both earnings and cash flow, expecting net sales of approximately $1.2 billion and an EBITDA range of $190 million to $195 million [15][12] - The company is not actively seeking to divest any operating companies, focusing instead on strengthening its core businesses [32][12] Q&A Session Summary Question: Focus on guidance and profitability drivers - Management emphasized that the aftermarket is the key driver of profitability, with solid double-digit growth expected to continue [18][19] Question: Cash flow guidance and working capital - Management indicated that cash flow is expected to be positive in the second half, primarily driven by strong aftermarket performance and improved profitability [19][20] Question: Equitable adjustment on interiors - Management confirmed that the adjustment is part of ongoing negotiations and is expected to positively impact future pricing [21][22] Question: Future portfolio shaping strategy - Management stated that there are no current plans for significant divestitures, focusing on growing core businesses [32][34] Question: Production rates and supply chain pressures - Management expressed confidence in maintaining production rates despite supply chain challenges, with expectations for gradual ramp-up in production [40][48]

| --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | Second Quarter FY'25 Earnings Conference Call | | | | | Daniel J. Crowley , Chairman, President & CEO James F. McCabe, Jr. , Senior Vice President & CFO | | | | Forward Looking Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statem ...

Financial Performance - Triumph Group reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, and compared to earnings of $0.01 per share a year ago, representing an earnings surprise of 566.67% [1] - The company posted revenues of $287.5 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.08%, but down from $354.06 million in the same quarter last year [2] - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $288.25 million, and for the current fiscal year, it is $0.36 on revenues of $1.2 billion [7] Market Performance - Triumph Group shares have declined approximately 1.9% since the beginning of the year, while the S&P 500 has gained 25.8% [3] - The company has surpassed consensus EPS estimates two times over the last four quarters and topped consensus revenue estimates three times in the same period [2] Earnings Outlook - The estimate revisions trend for Triumph Group is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The sustainability of the stock's immediate price movement will largely depend on management's commentary during the earnings call [3][4] Industry Context - The Aerospace - Defense Equipment industry, to which Triumph Group belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]

RADNOR, Pa., Nov. 12, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its second quarter of fiscal 2025, which ended September 30, 2024.Second Quarter Fiscal 2025 Net sales of $287.5 million; sales growth of 1% Operating income of $32.4 million with operating margin of 11%; adjusted operating income of $36.0 million with adjusted operating margin of 13% Net income from continuing operations of $11.9 million, or $0.15 per diluted share; ...

DALLAS, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Triumph Financial, Inc. (Nasdaq: TFIN) today announced that Aaron Graft, Vice Chairman and CEO, will present at the Stephens Annual Investment Conference on November 19, 2024, in Nashville, Tennessee. Triumph Financial, Inc.’s presentation is scheduled to begin at 2:00 p.m. CST. The presentation will be webcast live and may be accessed through this direct link, https://wsw.com/webcast/stph35/tfin/1835255 or via the Company's website at tfin.com through the News & Ev ...

Donald Trump’s victory over Harris on Nov. 6, 2024 is likely to produce a mixed response in the global market thanks to his uncertain or rather controversial trade, immigration and geopolitical policies. Though it is too early to predict how the U.S. economy will perform during the Trump presidency, ‘Trumponomics’ or hopes of loose fiscal policies have injected fresh optimism among investors.Market futures started moving upward as Trump began to take the lead. S&P 500-based SPY, Dow Jones-based DIA and Nasd ...