On MovieTome: Megan Fox on TRANSFORMERS 2!

Triumph Group, Inc. F3Q08 (Qtr End 12/31/2007) Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2008-01-28 05:49:24.0

Tags: Triumph Group Inc.

Question-and-Answer Session

Operator

At this time, the officers of the company would like to open the forum to any questions that you may have. (Operator Instructions) [Bryan Zimmerman], please state your affiliation followed by your question.

Bryan Zimmerman

I don't have a question.

Operator

We will proceed to the next question from Myles Walton. Please state your affiliation, followed by your question.

Myles Walton - Oppenheimer & Co.

Oppenheimer & Company. Good morning, guys.

Richard C. Ill - President and CEO

Good morning.

Myles Walton - Oppenheimer & Co.

A few questions for you. First on the sales in Aerospace Systems, there was a sequential decline there, and I know that the 737 was ramping up in the fall. I'm just curious, what was the offsetting feature that caused the sequential decline? Did it have to do with the Airbus Power8 or was it something else?

M. David Kornblatt - SVP, CFO and Treasurer

Yeah, Myles, it's Dave.

We had a little bit of a slowdown in some of our businesses, not all, with respect to 787. There was a little bit of a holdback at the end of the year and, you know, frankly, in December, a lot of our companies sort of stop shipping around the 18th. A number of our customers did close down their operations much earlier than in prior year, and so we saw - we probably lost four to five shipping days there at the end of December. It's not a lot of money.

More importantly, when we look at our Q4 forecast, I think you'll the long-term trend is continuing, escalating revenue will be re-established.

Myles Walton - Oppenheimer & Co.

And 4Q would be the highest sales quarter of the year, is that right?

M. David Kornblatt - SVP, CFO and Treasurer

Correct. Correct.

Myles Walton - Oppenheimer & Co.

And you had a great 3Q booking quarter and historically 4Q booked to bill has been strong as well. Is that a trend we should expect here in the fourth quarter?

Richard C. Ill - President and CEO

Don't expect any change, Myles.

Myles Walton - Oppenheimer & Co.

Okay.

Richard C. Ill - President and CEO

From history, you know, historical. We don't expect any change going forward.

Myles Walton - Oppenheimer & Co.

Okay. You know, maybe the legal costs deserve a little bit of extra attention just from a standpoint of flushing out what we expect in terms of increase, decrease, flat into the fourth quarter as well as kind of the timeline of the criminal case you see today and how that rolls into the civil proceeding.

TalkbackShare your ideas and expertise on this topic
What do you think?
The following tags are supported in BNET comments: <b></b> <i></i> <u></u> <pre></pre>
You are currently a guest | Login?
advertisement
Recommended Business Articles
advertisement