Investor Overview Q1
Non-GAAP Disclosure
Adjusted Operating Income is defined as GAAP Operating Income, less expenses/gains
associated with the Company's transformation, such as restructuring expenses, gains/losses on
divestitures, defined benefit plan gains/losses from curtailments, settlements, etc; impairments of
goodwill and other assets. Management believes that this is useful in evaluating operating
performance, but this measure should not be used in isolation. The following table reconciles our
Operating income to Adjusted Operating income as noted above.
Operating income (loss) - GAAP
Adjustments:
Loss on sale of assets and businesses, net
Impairment of long-lived assets
Restructuring costs
Adjusted operating income - non-GAAP
Adjusted operating margin
TRIUMPH GROUP / INVESTOR OVERVIEW
Three Months Ended
June 30,
2021
20,832 $
2020
(252,392)
5,969
252,382
4,485
15,439
$
31,286
15,429
7.9%
3.1%
Triumph Group
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