tgicomm@triumphgroup.com
News
TRIUMPH to Webcast First Quarter Fiscal Year 2025 Earnings Conference Call
will release first quarter fiscal year 2025 earnings on August 7, 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 First Quarter Fiscal Year 2025 Earnings Conference Call
When: 8:30 a.m. ET on Wednesday, August 7, 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 of military and
TRIUMPH ANNOUNCES NEW LEADERS TO ACCELERATE ITS PROFITABLE GROWTH
Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] recently selected Mike Boland, formerly President, Actuation Products and Services (APS), to fill a newly created Chief Operating Officer with responsibility for Operations, Quality, Execution Assurance, and the TRIUMPH Operating System. Mike also assumes responsibility for the Supply Chain function formerly led by Craig Cooper. Natasha Trudeau, previously General Manager, TRIUMPH APS at Yakima, Washington assumed the role of President, Actuation Products and Services as Mike transitioned to the COO new role. "TRIUMPH has recruited and developed a strong bench of experienced and diverse talent, and the internal promotion of Mike Boland to the COO role reflects this depth and our commitment to take the company's operational performance to the next level. Mike's track record of improving our Actuation business financial performance and expanding its aftermarket offerings will now benefit the larger TRIUMPH. Similarly, Natasha Trudeau's
TRIUMPH RECEIVES CREDIT RATING UPGRADES
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") is pleased to share that both Moody's Ratings (Moody's) and S&P Global Ratings (S&P) have upgraded the Company's credit ratings. Moody's upgraded TRIUMPH's corporate family rating to B3 from Caa1 on June 28 th citing materially reduced leverage from paying off the 2025 notes in their entirety and a portion of the 2028 notes. S&P upgraded TRIUMPH's issuer credit rating to B- from CCC+ on June 6 th referencing lower debt and favorable market conditions. Both credit agencies rate TRIUMPH with a stable outlook. "TRIUMPH took important strategic actions over the last year to create a more streamlined, value-added and IP-based business with a much stronger balance sheet," said Jim McCabe, TRIUMPH's senior vice president and chief financial officer. "These upgrades recognize our commitment to increasing shareholder value through the cycle of deleveraging benefits, supporting our multi-year targets for debt reduction,
TRIUMPH REPORTS FOURTH QUARTER FISCAL 2024 RESULTS
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its fourth quarter and fiscal 2024, which ended March 31, 2024. Fourth Quarter Fiscal 2024 Net sales of $358.6 million; organic sales growth of 11% Operating income of $44.8 million with operating margin of 12.5%; adjusted operating income of $55.8 million with adjusted operating margin of 15.6% Net income from continuing operations of $5.5 million, or $0.07 per diluted share; adjusted net income from continuing operations of $23.3 million, or $0.31 per diluted share Adjusted EBITDAP of $58.3 million with Adjusted EBITDAP margin of 16.3% Cash provided by operations of $77.7 million and free cash flow of $72.1 million Fiscal 2024 Net sales of $1.19 billion; organic sales growth of 13% Operating income of $86.5 million with operating margin of 7.3%; adjusted operating income of $114.9 million with adjusted operating margin of 9.6% Net loss from continuing operations of ($34.5) million, or
TRIUMPH to Webcast Fourth Quarter Fiscal Year 2024 Earnings Conference Call
will release fourth quarter fiscal year 2024 earnings on May 23, 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 Fourth Quarter Fiscal Year 2024 Earnings Conference Call When: 8:30 a.m. ET on Thursday, May 23, 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 of military and commercial aircraft operators through the aircraft
TRIUMPH UPDATES FINANCIAL GUIDANCE FOR FULL YEAR FISCAL 2024
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has updated its financial guidance for its full year fiscal 2024, which ends March 31, 2024, in conjunction with the recent closing on the sale of its former Product Support business and the related expected paydowns of its debt. The updated cash guidance includes the cash flows from the Product Support business through February 29, 2024, as well as reflects certain cash outflows related to the transaction, including transaction fees and taxes, the timing of interest and accelerated employee related obligations of the divested operations, which are expected to be paid in March 2024, along with modest working capital timing impacts on the continuing operations. Full Year Fiscal 2024 Guidance Reaffirming net sales of $1.17 billion to $1.20 billion Reaffirming operating income of $100.0 million to $110.0 million Reaffirming adjusted EBITDAP of $157.0 million to $167.0 million Updating cash flow used in
TRIUMPH to Webcast First Quarter Fiscal Year 2025 Earnings Conference Call
will release first quarter fiscal year 2025 earnings on August 7, 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 First Quarter Fiscal Year 2025 Earnings Conference Call
When: 8:30 a.m. ET on Wednesday, August 7, 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 of military and
TRIUMPH ANNOUNCES NEW LEADERS TO ACCELERATE ITS PROFITABLE GROWTH
Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] recently selected Mike Boland, formerly President, Actuation Products and Services (APS), to fill a newly created Chief Operating Officer with responsibility for Operations, Quality, Execution Assurance, and the TRIUMPH Operating System. Mike also assumes responsibility for the Supply Chain function formerly led by Craig Cooper. Natasha Trudeau, previously General Manager, TRIUMPH APS at Yakima, Washington assumed the role of President, Actuation Products and Services as Mike transitioned to the COO new role. "TRIUMPH has recruited and developed a strong bench of experienced and diverse talent, and the internal promotion of Mike Boland to the COO role reflects this depth and our commitment to take the company's operational performance to the next level. Mike's track record of improving our Actuation business financial performance and expanding its aftermarket offerings will now benefit the larger TRIUMPH. Similarly, Natasha Trudeau's
TRIUMPH RECEIVES CREDIT RATING UPGRADES
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") is pleased to share that both Moody's Ratings (Moody's) and S&P Global Ratings (S&P) have upgraded the Company's credit ratings. Moody's upgraded TRIUMPH's corporate family rating to B3 from Caa1 on June 28 th citing materially reduced leverage from paying off the 2025 notes in their entirety and a portion of the 2028 notes. S&P upgraded TRIUMPH's issuer credit rating to B- from CCC+ on June 6 th referencing lower debt and favorable market conditions. Both credit agencies rate TRIUMPH with a stable outlook. "TRIUMPH took important strategic actions over the last year to create a more streamlined, value-added and IP-based business with a much stronger balance sheet," said Jim McCabe, TRIUMPH's senior vice president and chief financial officer. "These upgrades recognize our commitment to increasing shareholder value through the cycle of deleveraging benefits, supporting our multi-year targets for debt reduction,
TRIUMPH REPORTS FOURTH QUARTER FISCAL 2024 RESULTS
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its fourth quarter and fiscal 2024, which ended March 31, 2024. Fourth Quarter Fiscal 2024 Net sales of $358.6 million; organic sales growth of 11% Operating income of $44.8 million with operating margin of 12.5%; adjusted operating income of $55.8 million with adjusted operating margin of 15.6% Net income from continuing operations of $5.5 million, or $0.07 per diluted share; adjusted net income from continuing operations of $23.3 million, or $0.31 per diluted share Adjusted EBITDAP of $58.3 million with Adjusted EBITDAP margin of 16.3% Cash provided by operations of $77.7 million and free cash flow of $72.1 million Fiscal 2024 Net sales of $1.19 billion; organic sales growth of 13% Operating income of $86.5 million with operating margin of 7.3%; adjusted operating income of $114.9 million with adjusted operating margin of 9.6% Net loss from continuing operations of ($34.5) million, or
TRIUMPH to Webcast Fourth Quarter Fiscal Year 2024 Earnings Conference Call
will release fourth quarter fiscal year 2024 earnings on May 23, 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 Fourth Quarter Fiscal Year 2024 Earnings Conference Call When: 8:30 a.m. ET on Thursday, May 23, 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 of military and commercial aircraft operators through the aircraft
TRIUMPH UPDATES FINANCIAL GUIDANCE FOR FULL YEAR FISCAL 2024
Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has updated its financial guidance for its full year fiscal 2024, which ends March 31, 2024, in conjunction with the recent closing on the sale of its former Product Support business and the related expected paydowns of its debt. The updated cash guidance includes the cash flows from the Product Support business through February 29, 2024, as well as reflects certain cash outflows related to the transaction, including transaction fees and taxes, the timing of interest and accelerated employee related obligations of the divested operations, which are expected to be paid in March 2024, along with modest working capital timing impacts on the continuing operations. Full Year Fiscal 2024 Guidance Reaffirming net sales of $1.17 billion to $1.20 billion Reaffirming operating income of $100.0 million to $110.0 million Reaffirming adjusted EBITDAP of $157.0 million to $167.0 million Updating cash flow used in
