tgicomm@triumphgroup.com
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
HONEYWELL AND TRIUMPH SIGN LONG TERM AGREEMENT FOR MULTI-FLEET ENGINE CONTROLS AND FUEL COMPONENTS
Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] and Honeywell Aerospace signed a long term agreement across multiple Honeywell engine platforms. The contract includes TRIUMPH manufacturing and maintenance of boost pumps, electronic control units, and hydro-mechanical fuel controls for T55 helicopter engines along with the main fuel pumps for F124 fighter/trainer engine and HTF7000 business jet engines. This work is being performed at TRIUMPH's Systems, Electronics and Controls facility in West Hartford, Connecticut. "Expanding our relationship with Honeywell through this agreement reaffirms TRIUMPH's position as a leading provider for fuel controls and pumps on military and commercial platforms," said Justin Wolfanger, President of TRIUMPH Systems, Electronics and Controls. "We look forward to providing these and other products over the course of the next five years as a Honeywell preferred partner." TRIUMPH Systems, Electronics and Controls designs, develops, manufactures, repairs, and
TRIUMPH to Webcast Second Quarter Fiscal Year 2024 Earnings Conference Call
will release second quarter fiscal year 2024 earnings on November 7, 2023, 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 2024 Earnings Conference Call
When: 8:30 a.m. ET on Tuesday, November 7, 2023
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
TRIUMPH RECEIVES AWARD FROM MAJOR MAINLINE CARRIER
Triumph Group (TRIUMPH) [NYSE:TGI] today announced that its Product Support business in Hot Springs, Arkansas has been awarded business from a major US mainline operator to perform shipset maintenance for Passenger Service Units (PSU) and pilot and flight attendant seats for Boeing and Airbus aircraft that are going through heavy maintenance checks through January 2025. The projected value of this award is $8.7M supporting (67) scheduled aircraft, with the majority being 737NG. "TRIUMPH Product Support continues to grow its interior MRO services. This award reflects the trust operators have in us when sourcing turn time-sensitive MRO work for aircraft in for heavy maintenance," said Jim Berberet, President of TRIUMPH Product Support. "We are continuously looking at ways to expand our capabilities portfolio so we can support operators to provide them with solutions for all their MRO needs." TRIUMPH Product Support provides maintenance, repair, and overhaul (MRO) services for nacelle,
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
HONEYWELL AND TRIUMPH SIGN LONG TERM AGREEMENT FOR MULTI-FLEET ENGINE CONTROLS AND FUEL COMPONENTS
Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] and Honeywell Aerospace signed a long term agreement across multiple Honeywell engine platforms. The contract includes TRIUMPH manufacturing and maintenance of boost pumps, electronic control units, and hydro-mechanical fuel controls for T55 helicopter engines along with the main fuel pumps for F124 fighter/trainer engine and HTF7000 business jet engines. This work is being performed at TRIUMPH's Systems, Electronics and Controls facility in West Hartford, Connecticut. "Expanding our relationship with Honeywell through this agreement reaffirms TRIUMPH's position as a leading provider for fuel controls and pumps on military and commercial platforms," said Justin Wolfanger, President of TRIUMPH Systems, Electronics and Controls. "We look forward to providing these and other products over the course of the next five years as a Honeywell preferred partner." TRIUMPH Systems, Electronics and Controls designs, develops, manufactures, repairs, and
TRIUMPH to Webcast Second Quarter Fiscal Year 2024 Earnings Conference Call
will release second quarter fiscal year 2024 earnings on November 7, 2023, 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 2024 Earnings Conference Call
When: 8:30 a.m. ET on Tuesday, November 7, 2023
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
TRIUMPH RECEIVES AWARD FROM MAJOR MAINLINE CARRIER
Triumph Group (TRIUMPH) [NYSE:TGI] today announced that its Product Support business in Hot Springs, Arkansas has been awarded business from a major US mainline operator to perform shipset maintenance for Passenger Service Units (PSU) and pilot and flight attendant seats for Boeing and Airbus aircraft that are going through heavy maintenance checks through January 2025. The projected value of this award is $8.7M supporting (67) scheduled aircraft, with the majority being 737NG. "TRIUMPH Product Support continues to grow its interior MRO services. This award reflects the trust operators have in us when sourcing turn time-sensitive MRO work for aircraft in for heavy maintenance," said Jim Berberet, President of TRIUMPH Product Support. "We are continuously looking at ways to expand our capabilities portfolio so we can support operators to provide them with solutions for all their MRO needs." TRIUMPH Product Support provides maintenance, repair, and overhaul (MRO) services for nacelle,
