Triumph Group (NYSE:TGI) Q2 2023 Earnings Conference Call November 8, 2022 8:30 AM ET

Company Participants

Thomas Quigley - VP, IR & Controller

Daniel Crowley - Chairman, President & Chief Executive Officer

James McCabe - SVP & Chief Financial Officer

Conference Call Participants

Seth Seifman - JPMorgan Chase & Co.

Sheila Kahyaoglu - Jefferies

Myles Walton - Wolfe Research

Cai von Rumohr - Cowen

Michael Ciarmoli - Truist Securities

Ronald Epstein - Bank of America Merrill Lynch

Operator

Welcome to Triumph Group’s Second 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.

Thomas Quigley

Thank you. Good morning, and welcome to our second 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.

During our call, we'll be referring to the supplemental slides, which are posted on our website. 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.

Please note the company's reconciliation of non-GAAP financial measures to comparable GAAP measures is included in the press release, which can be found on our website at www.triumphgroup.com.

Dan, I'll turn it over to you.

Daniel Crowley

Thanks, Tom. Earlier today, we reported our second quarter results for fiscal year 2023. During the first half of fiscal 2023 marks a long anticipated inflection point to Triumph, as we transition from years of cash use, positive cash flow in the second half of the year. In addition, we delivered solid organic growth driven by a backlog expanding at double-digit rates as commercial volumes return.