TRIUMPH Fourth Quarter Fiscal Year 2023 Earnings Call at 8:30 AM ET May 17, 2023. To view and register please click here
LATEST NEWS
TRIUMPH AWARDED LONG TERM LEAP CONTRACT WITH GENERAL ELECTRIC
Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] today announced that its Geared Solutions business has been awarded a long term agreement from General Electric (GE) on the Inlet Gearboxes (IGB) for LEAP-1A, LEAP-1B and LEAP-1C programs. This work will be performed at the TRIUMPH Geared Solutions facility in Macomb, Michigan. TRIUMPH has partnered with GE on LEAP and CFM56 IGBs for over 35 years, shipping over 25,000 gearboxes to date, and with this contract extension, TRIUMPH will supply thousands of IGB's annually to GE into the next decade. "With this award, TRIUMPH remains GE's preferred partner for Inlet Gearboxes in the single aisle market," said Pete Gibson, President of TRIUMPH Geared Solutions. "This extension is the result of TRIUMPH's investment in production capacity and the Macomb team's quality, schedule, and cost performance across a wide range of gear and gearbox applications on GE engines. I appreciate the trust GE places in TRIUMPH Geared Solutions to support the
TRIUMPH REPORTS FOUTH QUARTER FISCAL 2023 RESULTS
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its fourth quarter and fiscal 2023, which ended March 31, 2023. Fourth Quarter Fiscal 2023 Net sales of $393.3 million Operating income of $56.2 million with operating margin of 14%; adjusted operating income of $59.9 million with adjusted operating margin of 15% Net loss of ($17.5) million, or ($0.27) per share; adjusted net income of $34.5 million, or $0.39 per diluted share Adjusted EBITDAP of $68.1 million with Adjusted EBITDAP margin of 17.3% Cash flow generated from operations of $60.0 million; free cash flow of $51.8 million Fiscal 2023 Net sales of $1.38 billion Operating income of $238.1 million with operating margin of 17%, including $101.5 million gain on sale from our Stuart, Florida business; adjusted operating income of $158.7 million with adjusted operating margin of 11% Net income of $89.6 million, or $1.20 per diluted share; adjusted net income of $55.4 million, or $0.77
TRIUMPH AWARDED MULTI YEAR CONTRACT FROM ITP AERO
Triumph Group, Inc. (TRIUMPH) (NYSE: TGI) today announced that its Product Support business in Grand Prairie, Texas has been awarded a multi-year contract with ITP Aero, a tier one engine Original Equipment Manufacturer (OEM), to provide Maintenance, Repair and Overhaul (MRO) support on accessory components including propeller gearboxes, hydromechanical units, oil scavenge and fuel boost pumps, anti-icing and overspeed drain valves. "This award from ITP will allow TRIUMPH to support a broader series of airframe applications with the CT7 and T700 platforms and expand our global reach with operators, armed forces and OEM's," said Jim Berberet, President, TRIUMPH Product Support. "Our relationship with ITP Aero will serve as the foundation to explore other engine platform opportunities across the market." ITP Aero, headquartered in Zamudio, Spain, is a leader in the aeronautical and industrial engines market, involved in all phases of the product life cycle, all the way from the design
TRIUMPH AWARDED LONG TERM LEAP CONTRACT WITH GENERAL ELECTRIC
Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] today announced that its Geared Solutions business has been awarded a long term agreement from General Electric (GE) on the Inlet Gearboxes (IGB) for LEAP-1A, LEAP-1B and LEAP-1C programs. This work will be performed at the TRIUMPH Geared Solutions facility in Macomb, Michigan. TRIUMPH has partnered with GE on LEAP and CFM56 IGBs for over 35 years, shipping over 25,000 gearboxes to date, and with this contract extension, TRIUMPH will supply thousands of IGB's annually to GE into the next decade. "With this award, TRIUMPH remains GE's preferred partner for Inlet Gearboxes in the single aisle market," said Pete Gibson, President of TRIUMPH Geared Solutions. "This extension is the result of TRIUMPH's investment in production capacity and the Macomb team's quality, schedule, and cost performance across a wide range of gear and gearbox applications on GE engines. I appreciate the trust GE places in TRIUMPH Geared Solutions to support the
TRIUMPH REPORTS FOUTH QUARTER FISCAL 2023 RESULTS
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its fourth quarter and fiscal 2023, which ended March 31, 2023. Fourth Quarter Fiscal 2023 Net sales of $393.3 million Operating income of $56.2 million with operating margin of 14%; adjusted operating income of $59.9 million with adjusted operating margin of 15% Net loss of ($17.5) million, or ($0.27) per share; adjusted net income of $34.5 million, or $0.39 per diluted share Adjusted EBITDAP of $68.1 million with Adjusted EBITDAP margin of 17.3% Cash flow generated from operations of $60.0 million; free cash flow of $51.8 million Fiscal 2023 Net sales of $1.38 billion Operating income of $238.1 million with operating margin of 17%, including $101.5 million gain on sale from our Stuart, Florida business; adjusted operating income of $158.7 million with adjusted operating margin of 11% Net income of $89.6 million, or $1.20 per diluted share; adjusted net income of $55.4 million, or $0.77
TRIUMPH AWARDED MULTI YEAR CONTRACT FROM ITP AERO
Triumph Group, Inc. (TRIUMPH) (NYSE: TGI) today announced that its Product Support business in Grand Prairie, Texas has been awarded a multi-year contract with ITP Aero, a tier one engine Original Equipment Manufacturer (OEM), to provide Maintenance, Repair and Overhaul (MRO) support on accessory components including propeller gearboxes, hydromechanical units, oil scavenge and fuel boost pumps, anti-icing and overspeed drain valves. "This award from ITP will allow TRIUMPH to support a broader series of airframe applications with the CT7 and T700 platforms and expand our global reach with operators, armed forces and OEM's," said Jim Berberet, President, TRIUMPH Product Support. "Our relationship with ITP Aero will serve as the foundation to explore other engine platform opportunities across the market." ITP Aero, headquartered in Zamudio, Spain, is a leader in the aeronautical and industrial engines market, involved in all phases of the product life cycle, all the way from the design
OPERATIONAL COMPANIES
TRIUMPH is a global leader in the aerospace industry, offering design, production and service for aircraft systems and components. This includes actuation, fuel systems, hydraulics, gears solutions, MRO services or OEMs and carriers. Our five Operating Companies cover the full spectrum of aircraft, and align our talent, operations and go-to-market strategies with our customers’ needs.
Actuation Products and Services
Actuation Products and Services
Geared Solutions
Geared Solutions
Interiors
Interiors
Product Support
Product Support
Systems, Electronics, and Controls
Systems, Electronics, and Controls
