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Triumph Group, Inc. (TGI)

13.32

+0.33

(+2.54%)

At close: April 23 at 4:00 PM EDT

13.34

+0.02

(+0.15%)

After hours: April 23 at 4:07 PM EDT

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.

PR Newswire last month
TRIUMPH COMPLETES SALE OF PRODUCT SUPPORT BUSINESS TO AAR

Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has completed the sale of its Product Support business to AAR CORP. (NYSE: AIR). The transaction is valued at $725 million, and the net after-tax proceeds are expected to be approximately $700 million, which will primarily be used for debt reduction.

PR Newswire last month
AAR completes acquisition of Triumph Group's Product Support business

AAR CORP. (NYSE: AIR) ("AAR" or the "Company"), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it has completed its acquisition of Triumph Group's (NYSE: TGI) Product Support business. Triumph Group's Product Support business is a leading global provider of specialized maintenance, repair, and overhaul capabilities for critical aircraft components in the commercial and defense markets.

PR Newswire last month
TRIUMPH AWARDED CONTRACT FROM MD HELICOPTERS ON MD500

Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] today announced that its Geared Solutions business in Macomb, Michigan has been awarded a long term agreement from MD Helicopters to manufacturer and assemble main rotor gearbox transmissions for the MD500 platforms. TRIUMPH has supported MD Helicopters for over two decades, producing over 400 gearboxes for this program. With this contract extension, TRIUMPH will continue to supply helicopter transmissions and transmission spare parts for the MD500 progr

PR Newswire last month
TRIUMPH ANNOUNCES OFFER TO PURCHASE A PORTION OF ITS 9.000% SENIOR SECURED FIRST LIEN NOTES DUE MARCH 14, 2028

Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today announced that it has commenced an offer to purchase for cash (the "Asset Sale Offer") up to $580,000,000 of its outstanding 9.000% Senior Secured First Lien Notes due March 14, 2028 (the "Notes") with a portion of the net cash proceeds that it will receive from its previously announced sale of its product support business (the "Sale"). The Asset Sale Offer is being made pursuant to the indenture governing the Notes, dated as of

PR Newswire 2 months ago
AAR Prices Upsized Offering of Senior Notes to Finance Triumph Product Support Acquisition

AAR CORP. ("AAR" or the "Company") (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that AAR Escrow Issuer, LLC, a wholly owned, unrestricted subsidiary of the Company (the "Escrow Issuer"), has successfully priced its offering of $550 million aggregate principal amount of 6.750% senior notes due 2029 (the "Notes"). The offering was upsized to $550 million from the original offering size of $500 million in aggregate princ

PR Newswire 2 months ago
AAR announces update to financing of Triumph Product Support acquisition

AAR CORP. ("AAR" or the "Company") (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that AAR Escrow Issuer, LLC, a wholly owned, unrestricted subsidiary of the Company (the "Escrow Issuer"), intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of senior notes due 2029 (the "Notes").

PR Newswire 2 months ago
TRIUMPH REPORTS THIRD QUARTER FISCAL 2024 RESULTS

Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its third quarter of fiscal 2024, which ended December 31, 2023.

PR Newswire 2 months ago
TRIUMPH AWARDED FIVE YEAR CONTRACT FROM ASIA PACIFIC OPERATOR

Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] today announced that its TRIUMPH Product Support business in Chonburi, Thailand (TASA) has been awarded a five-year contract from an Asia Pacific operator to provide maintenance, repair and overhaul (MRO) services. The award includes MRO services for CF6-80C2 nacelles over multiple Boeing fleets. TRIUMPH has extensive experience servicing CF6 nacelles and a large portfolio of cost-effective repairs to draw upon.

PR Newswire 2 months ago
TRIUMPH WINS CONTRACT TO UPGRADE U.S. ARMY CHINOOK HELICOPTERS

Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] announced today that its Systems, Electronics and Controls business in West Hartford, Connecticut has been awarded a five-year contract with the United States Army to provide an upgrade of the EMC32T Hydraulic Metering Assembly (HMA) fuel control on the T55 engines, supporting the CH-47 Chinook helicopter fleet. From 2024 through 2028, TRIUMPH will overhaul over (100) EMC32T HMAs per year to the latest configuration. This is the first contract to upgrade

PR Newswire 2 months ago
TRIUMPH ESTABLISHES NEW THERMAL SOLUTIONS DEVELOPMENT CENTER

Triumph Group, Inc. (TRIUMPH) (NYSE: TGI) announces the establishment of a state-of-the-art Thermal Solutions Development Center located in the existing TRIUMPH Systems Electronics and Controls business in West Hartford, Connecticut. TRIUMPH acquired Fairchild Controls in 2015, a leading designer and manufacturer of vapor cycle based thermal systems solutions, and then relocated the business to their West Hartford facility with the intent of revitalizing the business across all facets including

PR Newswire 2 months ago
TRIUMPH to Webcast Third Quarter Fiscal Year 2024 Earnings Conference Call

Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2024 earnings on February 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.

PR Newswire 2 months ago
TRIUMPH RECEIVES ENVIRONMENTAL AWARDS

Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that its Product Support business in Grand Prairie, Texas recently received multiple environmental awards from the City of Grand Prairie. TRIUMPH received the 2022-2023 Pretreatment 100% Compliance Award, an award that acknowledges their compliance with the city's wastewater pretreatment and environmental requirements. Along with receiving the 2022-2023 award, TRIUMPH was recognized for their achievement for winning the Pretreatment 100% C

PR Newswire 3 months ago
TRIUMPH ANNOUNCES SALE OF PRODUCT SUPPORT BUSINESS TO AAR

Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has entered into a definitive agreement with AAR CORP. (NYSE: AIR) to sell its Product Support business. The transaction is valued at $725 million, representing a 14.5x trailing 12 months Adjusted EBITDAP multiple as of September 30, 2023. The primary intended use of proceeds from the transaction is debt reduction. The net after-tax proceeds are expected to be approximately $700 million, resulting in pro forma n

PR Newswire 4 months ago
AAR announces agreement to acquire Triumph Group's Product Support business, a leading provider of MRO services to the global aviation aftermarket

AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has entered into a definitive agreement with Triumph Group (NYSE: TGI) to purchase Triumph Product Support for $725 million in cash. As part of the transaction, AAR expects to receive estimated tax benefits with a present value of approximately $80 million. Including the estimated tax benefits, the effective purchase price multiple is expected to be 11.7x FY2024 EBITDA and 9.9x

PR Newswire 4 months ago
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.

PR Newswire 5 months ago
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.

PR Newswire 5 months ago
HONEYWELL SELECTS TRIUMPH TO PROVIDE THE ELECTRONIC FUEL 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 proce

PR Newswire 5 months ago
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 Hartfor

PR Newswire 5 months ago
TRIUMPH to Webcast Second Quarter Fiscal Year 2024 Earnings Conference Call

Triumph Group, Inc. (NYSE: TGI) 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.

PR Newswire 6 months ago

Performance Overview

Return	TGI	S&P 500
YTD	-19.66%	+6.30%
1-Year	+21.09%	+22.67%
3-Year	-23.18%	+22.63%

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Triumph Group, Inc. (TGI)

TRIUMPH UPDATES FINANCIAL GUIDANCE FOR FULL YEAR FISCAL 2024

TRIUMPH COMPLETES SALE OF PRODUCT SUPPORT BUSINESS TO AAR

AAR completes acquisition of Triumph Group's Product Support business

TRIUMPH AWARDED CONTRACT FROM MD HELICOPTERS ON MD500

TRIUMPH ANNOUNCES OFFER TO PURCHASE A PORTION OF ITS 9.000% SENIOR SECURED FIRST LIEN NOTES DUE MARCH 14, 2028

AAR Prices Upsized Offering of Senior Notes to Finance Triumph Product Support Acquisition

AAR announces update to financing of Triumph Product Support acquisition

TRIUMPH REPORTS THIRD QUARTER FISCAL 2024 RESULTS

TRIUMPH AWARDED FIVE YEAR CONTRACT FROM ASIA PACIFIC OPERATOR

TRIUMPH WINS CONTRACT TO UPGRADE U.S. ARMY CHINOOK HELICOPTERS

TRIUMPH ESTABLISHES NEW THERMAL SOLUTIONS DEVELOPMENT CENTER

TRIUMPH to Webcast Third Quarter Fiscal Year 2024 Earnings Conference Call

TRIUMPH RECEIVES ENVIRONMENTAL AWARDS

TRIUMPH ANNOUNCES SALE OF PRODUCT SUPPORT BUSINESS TO AAR

AAR announces agreement to acquire Triumph Group's Product Support business, a leading provider of MRO services to the global aviation aftermarket

TRIUMPH REPORTS SECOND QUARTER FISCAL 2024 RESULTS

TRIUMPH AWARDED PRODUCTION CONTRACT FOR CH-53K® ROTOR SYSTEMS

HONEYWELL SELECTS TRIUMPH TO PROVIDE THE ELECTRONIC FUEL CONTROL UNIT FOR NEXT GENERATION AUXILIARY POWER UNIT

HONEYWELL AND TRIUMPH SIGN LONG TERM AGREEMENT FOR MULTI-FLEET ENGINE CONTROLS AND FUEL COMPONENTS

TRIUMPH to Webcast Second Quarter Fiscal Year 2024 Earnings Conference Call

Performance Overview