Vought deal continues to drive Triumph

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Third quarter sales at Triumph Group gained 2% through organic growth to $826 million but pre-tax profit soared nearly 60% to $103 million.

Year-on-year comparison of the three months to 31 December 2011 include a full contribution from former Boeing 787 supplier Vought Aircraft Industries, which Triumph bought for $1.44 billion in June 2010.

For the nine months to end-December, sales were up 24% to $2.46 billion and pre-tax profit gained 84% to $273.8 million. In the aerostructures division - which includes the Vought business - nine-month sales gained 31% to $1.86 billion, lifting operating profit by 61% to $284 million.

The company cited "improved execution, synergy realization and lower pension expense" for raising aerostructures' operating margin for the quarter by more than 5%, to 17%.