tgicomm@triumphgroup.com
News
TRIUMPH REPORTS STRONG SECOND QUARTER FISCAL 2025 RESULTS AND RAISES FY25 GUIDANCE
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its second quarter of fiscal 2025, which ended September 30, 2024. Second Quarter Fiscal 2025 Net sales of $287.5 million; sales growth of 1% Operating income of $32.4 million with operating margin of 11%; adjusted operating income of $36.0 million with adjusted operating margin of 13% Net income from continuing operations of $11.9 million, or $0.15 per diluted share; adjusted net income from continuing operations of $15.4 million, or $0.20 per share Adjusted EBITDAP of $42.6 million with Adjusted EBITDAP margin of 15% Cash used in operations of ($38.4) million and free cash use of ($44.7) million. Cash and available liquidity was $148 million at September 30th. Fiscal 2025 Guidance Net sales of approximately $1.2 billion Increasing operating income to a range of $140.5 million to $145.5 million, reflecting operating margin of 12% Increasing Adjusted EBITDAP to a range of $190.0
TRIUMPH POSTPONES SECOND QUARTER FISCAL 2025 RESULTS AND INVESTOR CONFERENCE CALL TO REFLECT INTERIORS PRICE AGREEMENT WITH BOEING COMMERCIAL AIRPLANES
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today announced that, as a result of a recent and favorable settlement with Boeing Commercial Airplanes related to pricing on its Interiors contracts, TRIUMPH will delay the issuance of its second quarter of fiscal 2025 results and investor conference call previously scheduled for Monday, November 4, 2024 to Tuesday, November 12, 2024 at 8:30 a.m. ET, as additional time is required to finalize the accounting for this Interiors contract. Based on this agreement, TRIUMPH expects to update its fiscal year 2025 guidance. About TRIUMPH TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs and provided spare parts across a broad portfolio of aerospace and defense systems and components. The Company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators. More information about TRIUMPH can be found on the
TRIUMPH to Webcast Second Quarter Fiscal Year 2025 Earnings Conference Call
(NYSE: TGI) will release second quarter fiscal year 2025 earnings on November 4, 2024, and will host a conference call that day at 8:30 a.m. ET. A slide presentation will be included with the audio portion of the webcast. What: TRIUMPH Second Quarter Fiscal Year 2025 Earnings Conference Call
When: 8:30 a.m. ET on Monday, November 4, 2024
Where: http://www.triumphgroup.com
How: Go to the web site at least fifteen minutes early to register, download, and install any necessary audio software.
Archive: For those who cannot listen to the live broadcast, a replay will be available two hours after the call and will remain available for 90 days. TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, subsystems and components. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum
MARK CHERRY ELECTED TO TRIUMPH BOARD OF DIRECTORS
Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that Mark C. Cherry was elected to the Board of Directors as an independent director at its Annual Meeting of Stockholders on August 8, 2024. Mr. Cherry currently serves as Chief Executive Officer of Align Precision Group, a manufacturer of precision-milled structural components for the Aerospace, Defense, and Semi-Conductor industries. Mr. Cherry previously worked at Boeing, serving as Vice President and General Manager of Vertical Lift from April 2021 to December 2022 and Vice President and General Manager of Phantom Works from November 2017 to April 2021. From September 2012 to November 2017, he was President and Chief Operating Officer at Aurora Flight Sciences. He previously held leadership roles at Sikorsky Aircraft, Teradyne, and the Boston Consulting Group. Mr. Cherry received a Bachelor of Science in Engineering Mechanics from the United States Air Force Academy, a Master of Science in Aeronautical and Systems
TRIUMPH REPORTS FIRST QUARTER FISCAL 2025 RESULTS
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its first quarter of fiscal 2025, which ended June 30, 2024. First Quarter Fiscal 2025 Net sales of $281.0 million; sales growth of 7% Operating income of $8.1 million with operating margin of 3%; adjusted operating income of $17.2 million with adjusted operating margin of 6% Net loss from continuing operations of ($18.8) million, or $(0.24) per share; adjusted net loss from continuing operations of ($4.3) million, or $(0.06) per share Adjusted EBITDAP of $25.4 million with Adjusted EBITDAP margin of 9% Cash used in operations of $(104.5) million and free cash use of $(112.7) million Fiscal 2025 Guidance Net sales of approximately $1.2 billion Operating income of approximately $132.5 million, reflecting operating margin of 11%, updated from prior guidance due to $7.5 million in legal contingencies loss Adjusted EBITDAP of approximately $182.0 million, reflecting Adjusted EBITDAP
TRIUMPH EXTENDS F-35 SUSTAINMENT AGREEMENT WITH LOCKHEED MARTIN
Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] today announced that its Actuation Products & Services business extended their repair and technical support agreement with Lockheed Martin as part of the F-35 Joint Strike Fighter fleet readiness support. TRIUMPH's Clemmons, North Carolina facility will provide engineering and material support for the program over the next five years. TRIUMPH has provided original equipment and aftermarket Hydraulic Utility Actuation Valves (HUAV) for the F-35 program since 2014. The company began working with Lockheed Martin to provide HUAV aftermarket parts for military depot operations in 2021. The engineering and logistics agreement in support of sustainment efforts at MCAS Cherry Point will further showcase TRIUMPH's technical capability in high demand depot settings. "TRIUMPH's support to the F-35 program, Lockheed Martin, and the warfighters and maintainers who expect and demand fleet readiness is a reflection of our growing military aftermarket
TRIUMPH REPORTS STRONG SECOND QUARTER FISCAL 2025 RESULTS AND RAISES FY25 GUIDANCE
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its second quarter of fiscal 2025, which ended September 30, 2024. Second Quarter Fiscal 2025 Net sales of $287.5 million; sales growth of 1% Operating income of $32.4 million with operating margin of 11%; adjusted operating income of $36.0 million with adjusted operating margin of 13% Net income from continuing operations of $11.9 million, or $0.15 per diluted share; adjusted net income from continuing operations of $15.4 million, or $0.20 per share Adjusted EBITDAP of $42.6 million with Adjusted EBITDAP margin of 15% Cash used in operations of ($38.4) million and free cash use of ($44.7) million. Cash and available liquidity was $148 million at September 30th. Fiscal 2025 Guidance Net sales of approximately $1.2 billion Increasing operating income to a range of $140.5 million to $145.5 million, reflecting operating margin of 12% Increasing Adjusted EBITDAP to a range of $190.0
TRIUMPH POSTPONES SECOND QUARTER FISCAL 2025 RESULTS AND INVESTOR CONFERENCE CALL TO REFLECT INTERIORS PRICE AGREEMENT WITH BOEING COMMERCIAL AIRPLANES
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today announced that, as a result of a recent and favorable settlement with Boeing Commercial Airplanes related to pricing on its Interiors contracts, TRIUMPH will delay the issuance of its second quarter of fiscal 2025 results and investor conference call previously scheduled for Monday, November 4, 2024 to Tuesday, November 12, 2024 at 8:30 a.m. ET, as additional time is required to finalize the accounting for this Interiors contract. Based on this agreement, TRIUMPH expects to update its fiscal year 2025 guidance. About TRIUMPH TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs and provided spare parts across a broad portfolio of aerospace and defense systems and components. The Company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators. More information about TRIUMPH can be found on the
TRIUMPH to Webcast Second Quarter Fiscal Year 2025 Earnings Conference Call
(NYSE: TGI) will release second quarter fiscal year 2025 earnings on November 4, 2024, and will host a conference call that day at 8:30 a.m. ET. A slide presentation will be included with the audio portion of the webcast. What: TRIUMPH Second Quarter Fiscal Year 2025 Earnings Conference Call
When: 8:30 a.m. ET on Monday, November 4, 2024
Where: http://www.triumphgroup.com
How: Go to the web site at least fifteen minutes early to register, download, and install any necessary audio software.
Archive: For those who cannot listen to the live broadcast, a replay will be available two hours after the call and will remain available for 90 days. TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, subsystems and components. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum
MARK CHERRY ELECTED TO TRIUMPH BOARD OF DIRECTORS
Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that Mark C. Cherry was elected to the Board of Directors as an independent director at its Annual Meeting of Stockholders on August 8, 2024. Mr. Cherry currently serves as Chief Executive Officer of Align Precision Group, a manufacturer of precision-milled structural components for the Aerospace, Defense, and Semi-Conductor industries. Mr. Cherry previously worked at Boeing, serving as Vice President and General Manager of Vertical Lift from April 2021 to December 2022 and Vice President and General Manager of Phantom Works from November 2017 to April 2021. From September 2012 to November 2017, he was President and Chief Operating Officer at Aurora Flight Sciences. He previously held leadership roles at Sikorsky Aircraft, Teradyne, and the Boston Consulting Group. Mr. Cherry received a Bachelor of Science in Engineering Mechanics from the United States Air Force Academy, a Master of Science in Aeronautical and Systems
TRIUMPH REPORTS FIRST QUARTER FISCAL 2025 RESULTS
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its first quarter of fiscal 2025, which ended June 30, 2024. First Quarter Fiscal 2025 Net sales of $281.0 million; sales growth of 7% Operating income of $8.1 million with operating margin of 3%; adjusted operating income of $17.2 million with adjusted operating margin of 6% Net loss from continuing operations of ($18.8) million, or $(0.24) per share; adjusted net loss from continuing operations of ($4.3) million, or $(0.06) per share Adjusted EBITDAP of $25.4 million with Adjusted EBITDAP margin of 9% Cash used in operations of $(104.5) million and free cash use of $(112.7) million Fiscal 2025 Guidance Net sales of approximately $1.2 billion Operating income of approximately $132.5 million, reflecting operating margin of 11%, updated from prior guidance due to $7.5 million in legal contingencies loss Adjusted EBITDAP of approximately $182.0 million, reflecting Adjusted EBITDAP
TRIUMPH EXTENDS F-35 SUSTAINMENT AGREEMENT WITH LOCKHEED MARTIN
Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] today announced that its Actuation Products & Services business extended their repair and technical support agreement with Lockheed Martin as part of the F-35 Joint Strike Fighter fleet readiness support. TRIUMPH's Clemmons, North Carolina facility will provide engineering and material support for the program over the next five years. TRIUMPH has provided original equipment and aftermarket Hydraulic Utility Actuation Valves (HUAV) for the F-35 program since 2014. The company began working with Lockheed Martin to provide HUAV aftermarket parts for military depot operations in 2021. The engineering and logistics agreement in support of sustainment efforts at MCAS Cherry Point will further showcase TRIUMPH's technical capability in high demand depot settings. "TRIUMPH's support to the F-35 program, Lockheed Martin, and the warfighters and maintainers who expect and demand fleet readiness is a reflection of our growing military aftermarket
