LATEST NEWS
TRIUMPH REPORTS SECOND QUARTER FISCAL 2024 RESULTS
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its second quarter of fiscal 2024, which ended September 30, 2023. Second Quarter Fiscal 2024 Net sales of $354.1 million; Organic sales growth of 16% Operating income of $34.3 million with operating margin of 9.7%; adjusted operating income of $37.1 million with adjusted operating margin of 10.5% Net loss of ($1.3) million, or ($0.02) per share; adjusted net income of $0.9 million, or $0.01 per diluted share Adjusted EBITDAP of $46.4 million with Adjusted EBITDAP margin of 13.1% Fiscal 2024 Guidance Raising net sales to a range of $1.43 billion to $1.47 billion, reflecting 10 - 13% organic growth, up from prior guidance of approximately $1.39 billion to $1.43 billion Updating operating income to a range of $152.0 million to $167.0 million, reflecting operating margin of 11% Raising adjusted EBITDAP to a range of $216.0 million to $231.0 million, reflecting Adjusted EBITDAP margin of 15 -
TRIUMPH AWARDED PRODUCTION CONTRACT FOR CH-53K® ROTOR SYSTEMS
Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that its Actuation Products & Services business has been awarded a contract from Sikorsky, a Lockheed Martin Company, for the CH-53K King Stallion™ rotorcraft. TRIUMPH will provide the main rotor blade fold actuation and dampening systems for lots 7 and 8, including spares. This work will be performed at TRIUMPH's facility in Seattle, Washington. "Delivering critical flight components for the CH-53K is an important strategic step in our longtime partnership with Sikorsky," said Mike Boland, President TRIUMPH Actuation Products & Services. "This multiple lot contract continues TRIUMPH's dedication to providing our military customers with critical high performing technical solutions and engineered products." TRIUMPH Actuation Products & Services is a leader in design, development, manufacture and support of complex electro-hydraulic and mechanical systems and equipment for the aerospace and defense industry. Products
HONEYWELL SELECTS TRIUMPH TO PROVIDE THE ELECTRONIC CONTROL UNIT FOR NEXT GENERATION AUXILIARY POWER UNIT
Triumph Group, Inc. (TRIUMPH) [NYSE:TGI today announced that its Systems, Electronics and Controls business has been selected by Honeywell Aerospace to provide the next-generation, engine-mounted Electronic Control Unit (ECU) for future Auxiliary Power Unit (APU) models for both commercial and non-commercial aircraft. Utilizing proprietary technology, TRIUMPH's team of experienced control engineers are designing and manufacturing an ECU for Honeywell's next generation APU with cutting-edge processors which meet the latest cybersecurity requirements. "Partnering with Honeywell on this APU Controller allows us to provide an innovative solution that addresses future performance requirements and threat environments for both legacy and next generation platforms," said Justin Wolfanger, President of TRIUMPH Systems, Electronics and Controls. "We are excited to further our relationship with Honeywell and provide an industry-leading processor design for their in-service and future
TRIUMPH REPORTS SECOND QUARTER FISCAL 2024 RESULTS
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its second quarter of fiscal 2024, which ended September 30, 2023. Second Quarter Fiscal 2024 Net sales of $354.1 million; Organic sales growth of 16% Operating income of $34.3 million with operating margin of 9.7%; adjusted operating income of $37.1 million with adjusted operating margin of 10.5% Net loss of ($1.3) million, or ($0.02) per share; adjusted net income of $0.9 million, or $0.01 per diluted share Adjusted EBITDAP of $46.4 million with Adjusted EBITDAP margin of 13.1% Fiscal 2024 Guidance Raising net sales to a range of $1.43 billion to $1.47 billion, reflecting 10 - 13% organic growth, up from prior guidance of approximately $1.39 billion to $1.43 billion Updating operating income to a range of $152.0 million to $167.0 million, reflecting operating margin of 11% Raising adjusted EBITDAP to a range of $216.0 million to $231.0 million, reflecting Adjusted EBITDAP margin of 15 -
TRIUMPH AWARDED PRODUCTION CONTRACT FOR CH-53K® ROTOR SYSTEMS
Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that its Actuation Products & Services business has been awarded a contract from Sikorsky, a Lockheed Martin Company, for the CH-53K King Stallion™ rotorcraft. TRIUMPH will provide the main rotor blade fold actuation and dampening systems for lots 7 and 8, including spares. This work will be performed at TRIUMPH's facility in Seattle, Washington. "Delivering critical flight components for the CH-53K is an important strategic step in our longtime partnership with Sikorsky," said Mike Boland, President TRIUMPH Actuation Products & Services. "This multiple lot contract continues TRIUMPH's dedication to providing our military customers with critical high performing technical solutions and engineered products." TRIUMPH Actuation Products & Services is a leader in design, development, manufacture and support of complex electro-hydraulic and mechanical systems and equipment for the aerospace and defense industry. Products
HONEYWELL SELECTS TRIUMPH TO PROVIDE THE ELECTRONIC CONTROL UNIT FOR NEXT GENERATION AUXILIARY POWER UNIT
Triumph Group, Inc. (TRIUMPH) [NYSE:TGI today announced that its Systems, Electronics and Controls business has been selected by Honeywell Aerospace to provide the next-generation, engine-mounted Electronic Control Unit (ECU) for future Auxiliary Power Unit (APU) models for both commercial and non-commercial aircraft. Utilizing proprietary technology, TRIUMPH's team of experienced control engineers are designing and manufacturing an ECU for Honeywell's next generation APU with cutting-edge processors which meet the latest cybersecurity requirements. "Partnering with Honeywell on this APU Controller allows us to provide an innovative solution that addresses future performance requirements and threat environments for both legacy and next generation platforms," said Justin Wolfanger, President of TRIUMPH Systems, Electronics and Controls. "We are excited to further our relationship with Honeywell and provide an industry-leading processor design for their in-service and future
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
