Triumph (US:TGI)2022-08-04 04:37Financial Performance - Net sales decreased to $349 million from $397 million in Q1 FY'22[28] - Adjusted operating income increased to $33 million from $31 million in Q1 FY'22[31] - The company reported 1% organic growth in sales, excluding planned reductions from divestitures and sunsetting programs[32] - The operating margin was 4%, compared to 5% in Q1 FY'22[30] - Adjusted operating margin improved by 100 bps year-over-year, reaching 9%[32] Business Segments - Systems & Support revenue was $255 million, a 1% organic increase[35] - Aerospace Structures revenue was $95 million[40] Backlog and Bookings - The total backlog as of June 30, 2022, was $1.5 billion[9] - The book-to-bill ratio improved year-over-year from 0.91 to 1.55[22] - Bookings were up 67% over Q1 FY'22[11] Sales by End Market (Q1 FY23) - Commercial OEM accounted for 46% of sales[6] - Military OEM accounted for 23% of sales[6] - Commercial MRO accounted for 14% of sales[6] - Military MRO accounted for 15% of sales[6] - Non-Aviation accounted for 3% of sales[6]