Triumph reports Q4 2023 loss but gains overall for the year

Maintenance business Triumph has reported net sales of $393.3 million for the fourth fiscal quarter of 2023 (Q4 2023) but a net loss of $17.5 million, or 27 cents a share. The company’s operating income came to $56.2 million, for an operating margin of 14%, while its adjusted operating income of $59.9 million equated to an adjusted operating margin of 15% Adjusted net income of was $34.5 million, or $0.39 per diluted share, while adjusted EBITDAP of $68.1 million meant an adjusted EBITDAP margin of 17.3% Triumph’s cash flow generated from operations was $60 million, while its free cash flow