Triumph Financial

Tough trucking market hits EBITDA at TriumphPay; other indicators up

In his quarterly note to shareholders, Triumph Financial CEO Aaron Graft predicted that the headline on the earnings might be “TriumphPay swung to a loss this quarter” — one quarter after that growth segment at the trucking-focused bank had become EBITDA-positive.

And so it was: Earnings before interest, taxes, depreciation and amortization for TriumphPay was negative in the quarter. But as Graft noted several times in his unique quarterly shareholder missive, Triumph Financial is playing the...

https://www.freightwaves.com/news/tough-trucking-market-hits-ebitda-at-triumphpay-other-indicators-up

FreightTech Friday: 4 tech companies FreightWaves met at MATS

In March, Louisville, Kentucky, hosted the 52nd Mid-America Trucking Show, an event drawing a dynamic spectrum of stakeholders ranging from trucking companies, technology providers and OEMs to parts manufacturers and industry experts. This annual gathering serves as both a showcase of emerging trends and a celebration of the trucking lifestyle.

FreightWaves seized the opportunity to dive into current innovations, conducting interviews with four FreightTech companies poised to revolutionize...

https://www.freightwaves.com/news/freighttech-friday-4-tech-companies-freightwaves-met-at-mats

Triumph factoring group’s new COO sits atop a business that has doubled

Kimberly Fisk has been in the factoring business long enough to remember when factoring was known as the F-word.

But the growth that Fisk, recently installed chief operating officer at Triumph Financial Services LLC, has seen in her more than 11 years at Triumph is enormous. Triumph now purchases about 600,000 invoices per month for factoring. Five or six years ago, she said, “It was about half of that, because we have grown much more in size in the last couple of years.”

FreightWaves...

https://www.freightwaves.com/news/triumph-factoring-groups-new-coo-sits-atop-a-business-that-has-doubled

Investment bank praises Triumph Financial but cuts its stock price rating

Financial services analysts at Piper Sandler think Triumph Financial has a strong future over the next two years, but they aren’t too hot on the stock right now.

In a report that could be read as more of an endorsement of the strategy of the trucking-focused bank, analysts Frank Schiraldi and Justin Crowley on Monday cut their rating on Triumph Financial (NASDAQ: TFIN) to Underweight from Neutral. 

The reasons for their move are both somewhat complimentary to Triumph: The bank’s strategy is...

https://www.freightwaves.com/news/investment-bank-praises-triumph-financial-but-cuts-its-stock-price-rating

EBITDA at TriumphPay, its key metric, turned positive in Q4

Triumph Financial put it right at the top of its fourth-quarter earnings report: Its TriumphPay division, which combines its traditional quick pay services with the “open loop” invoice processing known simply as “the network,” was EBITDA-positive in the last three months of 2023.

In his lengthy note to shareholders, Triumph (NASDAQ: TFIN) CEO Aaron Graft said the milestone had been achieved one year ahead of schedule “despite a freight recession.”

Graft said several factors contributed to the...

https://www.freightwaves.com/news/ebitda-at-triumphpay-its-key-metric-turned-positive-in-q4

TriumphPay’s EBITDA loss narrows, volume increases, factoring invoices stay flat

In the quarterly multipage letter to investors from Triumph Financial CEO Aaron Graft, improved financial performance at the company’s open-loop payment network went side by side with weaker numbers in its factoring business that would be expected in the middle of a freight recession.

Triumph (NASDAQ: TFIN) management has said repeatedly that the two most important numbers at TriumphPay were earnings before interest, taxes, depreciation and amortization and the number of transactions on its...

https://www.freightwaves.com/news/triumphpays-ebitda-loss-narrows-volume-increases-factoring-invoices-stay-flat

TriumphPay records progress on profitability in tough quarter

Although some of the metrics at TriumphPay weakened in the second quarter, the trucking-focused Triumph Financial said that segment — which management sees as the key to its future — continued to move toward EBITDA profitability.

The management at Triumph Financial (NASDAQ: TFIN), which operates the TriumphPay payments and audit network as well as its traditional factoring activities, has repeatedly invoked earnings before interest, taxes, depreciation and amortization as the measurement of...

https://www.freightwaves.com/news/triumphpay-records-progress-on-profitability-in-tough-quarter

Triumph’s open-loop system hits a milestone, even as payments’ EBITDA loss widens

In a quarter in which Triumph Financial recorded a better-than-forecast performance by some measures, the company’s open-loop network also hit a milestone of another sort.

According to SeekingAlpha, Triumph’s (NASDAQ: TFIN) GAAP EPS was 67 cents per share, and that beat consensus by 3 cents. Fourth quarter revenue of $112.84 million beat forecasts by $2.68 million. 

The company’s stock, down about 47% in the last year, responded positively, moving up from about $52 at the close Wednesday, when...

https://www.freightwaves.com/news/triumphs-open-loop-system-hits-a-milestone-even-as-payments-ebitda-loss-widens

Wells Fargo lowers stock rating amid wait for TriumphPay’s profitability

Triumph Financial’s shares are down near a 52-week low, and now Wells Fargo has lowered the company’s rating.

But in doing so, the Wall Street bank appeared to affirm Triumph’s strategy that focuses on its open-loop payments system serving the trucking market with less attention given to its traditional factoring business.

Wells Fargo’s rating was cut to Underweight from Hold. Wells Fargo says in its documentation that Underweight is tantamount to a sell rating.

Triumph Financial (NASDAQ: TFIN)...

https://www.freightwaves.com/news/wells-fargo-lowers-stock-rating-amid-wait-for-triumphpays-profitability

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