LATEST NEWS
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
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
OPERATIONAL COMPANIES
Actuation Products and Services
Actuation Products and Services
Geared Solutions and Interiors
Geared Solutions and Interiors
Systems, Electronics, and Controls
Systems, Electronics, and Controls
