Triumph Financial CEO Aaron Graft stressed that over 30% of the company's transportation revenue growth year-to-date has come from organic expansion, even as a stronger freight market boosted second-quarter results. Transportation revenue grew 30.9% year on year, while the average transportation factored invoice rose 23.4% from the fourth quarter to $2,160. Factoring operating margin reached 39.39%, up from 34.72% in the prior quarter, though it fell short of the 40% North Star target. Payments EBITDA margin was 34%, below the 50% long-term goal, and the Intelligence unit's performance was just shy of its 85% target. Graft highlighted efficiency gains, with invoice volume rising to 1.87 million processed by 225 full-time employees, down from 266 in the first quarter.
Triumph Financial, Inc.CEO highlights organic growth and efficiency gains, with transportation revenue up 30.9% and factoring margin improving to 39.39%.