Shares of Triumph Group, Inc. TGI rose 12.7% to reach $12.61 on Nov 10, following the company’s second-quarter fiscal 2022 results.The company reported second-quarter fiscal 2022 (ended Sep 30, 2022) adjusted earnings of 7 cents per share in contrast to Zacks Consensus Estimate of a loss of 4 cents. The bottom line however declined 30% from 10 cents per share.Including one-time adjustments, TGI reported GAAP earnings of $1.63 per share for the fiscal second quarter against a loss of 14 cents per share in the prior-year quarter.Triumph Group, Inc. Price, Consensus and EPS Surprise Triumph Group, Inc. price-consensus-eps-surprise-chart | Triumph Group, Inc. QuoteTotal SalesTriumph Group’s net sales in the quarter under review were $307.6 million, which beat the Zacks Consensus Estimate of $294 million by 4.5%. The top line, however, declined 13.9% from $357.4 million in the year-ago quarter.Excluding divestitures and exited programs, organic sales in the quarter were up 13% year over year, primarily driven by increases in commercial narrow-body production and commercial MRO.Operational HighlightsIn the second quarter of fiscal 2022, Triumph Group generated an adjusted operating income of $30.4 million, which increased 8.7% from the year-ago reported figure. The adjusted operating margin of 9.9% expanded 210 basis points from 7.8% in the second quarter of fiscal 2021.Interest expenses and others amounted to $32.5 million, down 5.1% from the prior-year quarter.Triumph Group’s backlog was $1.57 billion, up 2.6% on a sequential basis from $1.53 billion.Segmental PerformanceAerospace Structures: The segment’s sales totaled $33.4 million, down 69.2% from $108.6 million in the year-ago quarter. The segment reported an operating income of $5.9 million for the second quarter of fiscal 2022.Systems & Support: The segment’s sales improved 10.2% year over year to $274.2 million. The operating income was $43.4 in the second quarter of fiscal 2022.Financial PositionAs of Sep 30, 2022, TGI’s cash and cash equivalents totaled $104.5 million compared with $240.9 million as of Mar 31, 2022.Its long-term debt (excluding the current portion) amounted to $1.59 billion as of Sep 30, 2022, flat with the long-term debt as of Mar 31, 2022.Net cash outflow from operating activities as of Sep 30, 2022 was $112.4 million compared with a net cash outflow of $185.5 million in the same period last year.Triumph Group’s capital expenditures were $7.2 million as of Sep 30, 2022 compared with $7.5 million in the prior year.GuidanceTriumph Group partially updated its financial guidance for fiscal 2023. The company currently anticipates adjusted earnings per share (EPS) in the range of 40-60 cents, compared with the earlier outlook of 28-48 cents. The Zacks Consensus Estimate for earnings is pegged at 69 cents per share, much higher than the guided range.TGI still expects to generate net sales of $1.3 billion in fiscal 2023. The Zacks Consensus Estimate for revenues is pegged at $1.34, slightly higher than the company’s guided range.Zacks RankTriumph Group currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Defense ReleasesHuntington Ingalls Industries, Inc.’s HII third-quarter 2022 earnings of $3.44 per share declined 5.8% from $3.65 reported in the prior-year quarter. The bottom line also missed the Zacks Consensus Estimate of $3.53 by 2.5%.Total revenues came in at $2,626 million, missing the Zacks Consensus Estimate of $2,685.6 million by 2.2%. However, the top line improved 12.3% from $2,338 million in the year-ago quarter.Leidos Holdings, Inc.’s LDOS third-quarter 2022 adjusted earnings of $1.59 per share beat the Zacks Consensus Estimate of $1.56 by 1.9%. However, the bottom line declined 11.7% from $1.80 per share registered a year ago.Leidos Holdings generated total revenues of $3,600 million in the quarter under consideration, exceeding the Zacks Consensus Estimate of $3,543.9 million by 1.6%. The top line also improved 4% year over year.Northrop Grumman Corporation NOC reported third-quarter 2022 earnings of $5.89 per share, which missed the Zacks Consensus Estimate of $6.09 by 3.3%. The bottom line declined by 11.2% from the $6.63 reported in the year-ago quarter.In the third quarter of 2022, Northrop Grumman reported total sales of $9 billion, which missed the Zacks Consensus Estimate of $9.15 billion by 1.6%. However, sales increased 3% from the year-ago quarter’s $8.7 billion. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Triumph Group, Inc. (TGI): Free Stock Analysis Report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Leidos Holdings, Inc. (LDOS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research