Triumph Group Inc (TGI)
Pretax margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 520,720 | -46,155 | -19,970 | 87,860 | 95,681 | 101,278 | 98,269 | -17,290 | -37,835 | -101,098 | -176,859 | -202,233 | -448,029 | -456,808 | -406,108 | -319,990 | -22,162 | -153,518 | -166,522 | -234,174 |
| Revenue (ttm) | US$ in thousands | 1,192,043 | 1,158,914 | 1,135,621 | 1,158,543 | 1,244,104 | 1,305,297 | 1,362,884 | 1,412,680 | 1,459,942 | 1,540,124 | 1,646,869 | 1,771,288 | 1,869,719 | 2,095,996 | 2,374,668 | 2,664,963 | 2,900,117 | 3,076,034 | 3,179,263 | 3,262,261 |
| Pretax margin | 43.68% | -3.98% | -1.76% | 7.58% | 7.69% | 7.76% | 7.21% | -1.22% | -2.59% | -6.56% | -10.74% | -11.42% | -23.96% | -21.79% | -17.10% | -12.01% | -0.76% | -4.99% | -5.24% | -7.18% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $520,720K ÷ $1,192,043K
= 43.68%
The pretax margin for Triumph Group Inc has shown significant fluctuations over the past several quarters. The company experienced a positive pretax margin in the range of 7-8% during the first half of 2023, indicating healthy profitability levels. However, the pretax margin dropped sharply in the third quarter of 2023 to -1.76%, signaling a period of financial distress.
Subsequently, the pretax margin remained negative for the next few quarters, reaching a low of -23.96% in the first quarter of 2021. This suggests that the company faced challenges in controlling its operating expenses and generating sufficient revenue to cover its costs during this period.
However, in the most recent quarter (March 31, 2024), Triumph Group Inc was able to achieve a significantly improved pretax margin of 43.68%, indicating a strong rebound in profitability. This positive development reflects potential improvements in the company's cost management strategies or revenue generation efforts.
Overall, the pretax margin trend for Triumph Group Inc has been volatile, with periods of both strong profitability and financial struggles. Monitoring future financial performance will be crucial to assess the company's ability to sustain and build on its recent positive results.
Peer comparison
Mar 31, 2024