Triumph Group, Inc. (NYSE:TGI) Q3 2023 Earnings Conference Call February 1, 2023 8:30 AM ET

Company Participants

Tom Quigley - Vice President of Investor Relations, Mergers and Acquisitions and Treasurer

Dan Crowley - Chairman, President and Chief Executive Officer

Jim McCabe - Senior Vice President and Chief Financial Officer

Conference Call Participants

Seth Seifman - JPMorgan

Peter Arment - Baird

Sheila Kahyaoglu - Jefferies

David Strauss - Barclays

Myles Walton - Wolfe Research

Pete Osterland - Truist Securities

Cai von Rumohr - Cowen

Noah Poponak - Goldman Sachs

Operator

Welcome to Triumph’s Third Quarter Fiscal Year 2023 Results Conference Call. This call is being carried live on the Internet. There is also a slide presentation included with the audio portion of the webcast. Please ensure that your pop-up blocker is disabled if you are having trouble viewing the slide presentation. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded. In addition, please note that this call is the property of Triumph Group, Inc. and may not be recorded, transcribed or rebroadcast without explicit written approval.

I would now like to introduce Tom Quigley, Triumph's Vice President of Investor Relations, Mergers and Acquisitions and Treasurer, who will provide a brief opening statement.

Tom Quigley

Thank you. Good morning, and welcome to our third quarter fiscal 2023 earnings call. Today, I'm joined by Dan Crowley, the company's Chairman, President and Chief Executive Officer; and Jim McCabe, Senior Vice President and Chief Financial Officer of Triumph.

As we review the financial results for the quarter, please refer to the presentation posted on our website this morning. We will be discussing our adjusted results. Our adjustments in any reconciliation of non-GAAP financial measures to comparable GAAP measures are explained in the earnings press release and in the presentation. Certain statements on this call constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause Triumph's actual results, performance or achievements to be materially different from any expected future results, performance or achievements expressed or implied in the forward-looking statements.

Dan, I'll turn it over to you.

Dan Crowley

Thanks, Tom. For the quarter Triumph delivered strong sales in our operations that were up both sequentially and over the prior year. We grew our backlog at double-digit rates. On our last earnings call, I discussed the supply chain constraints delaying deliveries in our second quarter, mostly impacting our defense programs.