Triumph remains confident despite Boeing 747 cutback
Jul 30, 2013 | 01:09 PM
| Frank Haflich
LOS ANGELES Triumph Group Inc. said it is prepared for additional cuts in its largest aircraft program even as it maintains confidence in the planes long-term future.
M. David Kornblatt, Triumphs executive vice president and chief financial officer, said a cutback in the monthly build rate of Boeing Co.s 747 would decrease 2014 earnings by about 10 cents per share, according to a transcript of the companys quarterly earnings conference call with securities analysts. The Berwyn, Pa.-based producer of aerospace components and systems posted diluted per-share earnings of $1.50 for the three months ended....
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