The complex lengthy letter from CEO and founder Aaron Graft to the shareholders of Triumph Financial this quarter touted the benefits from a stronger freight market, but not too much.
Graft's letter, which tries to both explain and defend the performance and strategy at a company that operates a bank but is ultimately like no other in the logistics field, acknowledged in one of his first paragraphs that "market conditions have become more favorable for Triumph's earnings."
But he quickly added that "over 30% of the revenue growth we have experienced in transportation year-to-date has come from organic growth."
More of the focus in the letter was on a concept Triumph first introduced last quarter: the North Star Metrics.
It is a set of long-term targets, and Triumph (NYSE: TFIN) did well in meeting them in the second quarter.
#quarter #market #Growth #financial
Graft's letter, which tries to both explain and defend the performance and strategy at a company that operates a bank but is ultimately like no other in the logistics field, acknowledged in one of his first paragraphs that "market conditions have become more favorable for Triumph's earnings."
But he quickly added that "over 30% of the revenue growth we have experienced in transportation year-to-date has come from organic growth."
More of the focus in the letter was on a concept Triumph first introduced last quarter: the North Star Metrics.
It is a set of long-term targets, and Triumph (NYSE: TFIN) did well in meeting them in the second quarter.
#quarter #market #Growth #financial
2 months ago
