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Triumph Group Inc has a market cap of $3 billion; its shares were traded at around $62.01 with a P/E ratio of 11 and P/S ratio of 0.9. The dividend yield of Triumph Group Inc stocks is 0.3%. Triumph Group Inc had an annual average earning growth of 16.6% over the past 10 years. GuruFocus rated Triumph Group Inc the business predictability rank of 1-star.
Highlight of Business Operations:Net sales increased by $42.6 million or 5.0% to $887.7 million for the quarter ended June 30, 2012 from $845.1 million for the quarter ended June 30, 2011. Net sales increased due to the increases in our customers' production rates on existing programs and new product introduction. Net sales for the quarter ended June 30, 2012 included $25.5 million in total non-recurring revenues, including a $20.0 million non-recurring termination claim settlement, as compared to $23.9 million in non-recurring revenues for the quarter ended June 30, 2011.
Cost of sales increased by $2.5 million, or 0.4%, to $651.3 million for the quarter ended June 30, 2012 from $648.8 million for the quarter ended June 30, 2011. This increase was primarily due to increased sales. Gross margin for the quarter ended June 30, 2012 was 26.6% as compared to 23.2% for the quarter ended June 30, 2011. This change was impacted by improved execution, increased realization from synergies from the acquisition of Vought, changes in the overall sales mix, as well as the margin on the non-recurring termination claim settlement ($7.0 million), and lower pension benefit expenses.
Aerostructures: The Aerostructures segment net sales increased by $26.5 million, or 4.1%, to $669.9 million for the quarter ended June 30, 2012 from $643.3 million for the quarter ended June 30, 2011. The increase was entirely organic and was due to the increases in our customers' production rates on existing programs and new product introduction. Net sales for the quarter ended June 30, 2012 included $25.5 million in total non-recurring revenues, including a $20.0 million non-recurring termination claim settlement, as compared to $23.9 million in non-recurring revenues for the quarter ended June 30, 2011.
Aerostructures segment operating income as a percentage of segment sales increased to 17.9% for the quarter ended June 30, 2012 as compared to 13.7% for the quarter ended June 30, 2011, due to the improved gross margin, including the benefit of the non-recurring termination claim settlement and lower pension and other postretirement benefit expenses discussed above, which also caused the improvements in EBITDA margin.
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