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Triumph Group - TGI STOCK NEWS

Welcome to our dedicated page for Triumph Group news (Ticker: TGI), a resource for investors and traders seeking the latest updates and insights on Triumph Group stock.

Triumph Group, Inc. (NYSE: TGI), headquartered in Radnor, Pennsylvania, is a global leader in manufacturing and overhauling aerospace structures, systems, and components. With operations spanning 70 locations worldwide, Triumph designs, engineers, manufactures, repairs, and overhauls a wide range of aerostructures, aircraft components, accessories, subassemblies, and systems. The company's extensive operations are organized into three primary groups: Aerostructures, Aerospace Systems, and Aftermarket Services.

Triumph serves a broad spectrum of the aviation industry, including original equipment manufacturers (OEMs) of commercial, business, and military aircraft and aircraft components, as well as commercial airlines and air cargo carriers. The company’s involvement in the aerospace supply chain ranges from single components to complex aerostructures and systems, touching virtually all major players and aviation platforms.

In recent developments, Triumph has been focusing on improving its financial condition and strategic positioning. The company successfully completed the sale of its Product Support business to AAR CORP. for $725 million, using the proceeds primarily for debt reduction. This divestiture is part of Triumph's strategy to streamline its operations and focus on its core competencies in aerospace and defense systems and components.

Triumph's Geared Solutions business recently secured a long-term agreement from MD Helicopters to manufacture and assemble main rotor gearbox transmissions for the MD500 platforms. This contract extension reflects Triumph’s enduring partnerships and its role in supporting both commercial and military aviation sectors.

The company continues to innovate and expand its product offerings, with over 60% of its products and services now based on Triumph intellectual property. This strategic shift positions Triumph for growth in the expanding markets it serves, supported by a strong backlog and a focus on capturing new business opportunities.

For the fiscal year ending March 31, 2024, Triumph reported positive financial results, achieving its strongest margins of the year and generating positive free cash flow. The company has also updated its financial guidance for fiscal 2024, reflecting the impacts of the recent divestiture and improved operational efficiencies.

News

TRIUMPH AWARDED CONTRACT FROM MD HELICOPTERS ON MD500

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Triumph Group, Inc. (TGI) secures a long-term agreement with MD Helicopters for manufacturing main rotor gearbox transmissions for the MD500 platforms, continuing a 20-year partnership. The contract extension highlights Triumph's commitment to supplying helicopter transmissions and spare parts, supporting MD Helicopters' fleet of 1,700 helicopters. This collaboration signifies growth opportunities in the helicopter market and showcases Triumph's expertise in aerospace gear solutions.
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TRIUMPH ANNOUNCES OFFER TO PURCHASE A PORTION OF ITS 9.000% SENIOR SECURED FIRST LIEN NOTES DUE MARCH 14, 2028

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Triumph Group, Inc. initiates an Asset Sale Offer to purchase up to $580 million of its outstanding 9.000% Senior Secured First Lien Notes due 2028, using proceeds from the sale of its product support business. Holders can tender their Notes for cash consideration, with an early tender deadline of March 4, 2024, and an Expiration Date of March 18, 2024. The Offer includes Asset Sale Consideration of $1,000 per $1,000 principal amount of Notes and Tender Offer Consideration of $990 per $1,000 principal amount of Notes. Holders may also receive Accrued Interest. The Company issued a notice of conditional redemption for $120 million of Notes, with a redemption price of 103.00% of the principal amount. The redemption is dependent on the Sale's completion. Holders should review the Offer to Purchase for complete terms and conditions.
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AAR Prices Upsized Offering of Senior Notes to Finance Triumph Product Support Acquisition

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AAR Corp. announces successful pricing of $550 million senior notes offering to fund Triumph Group's Product Support business acquisition, with an increase in aggregate lending commitments under the Revolving Credit Facility.
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AAR announces update to financing of Triumph Product Support acquisition

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AAR Corp. (AIR) plans to offer $500 million in senior notes due 2029 to fund the acquisition of Triumph Group's Product Support business. The company will also increase its revolving credit facility to at least $795 million. The Notes will be unconditionally guaranteed by the company's subsidiaries.
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TRIUMPH REPORTS THIRD QUARTER FISCAL 2024 RESULTS

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Triumph Group, Inc. reported financial results for Q3 of fiscal 2024, with net sales of $285.0 million and operating income of $19.7 million. The company updated its fiscal 2024 guidance, reflecting 11 - 14% organic growth in net sales and operating income in the range of $100.0 million to $110.0 million. The sale of the Product Support business is expected to accelerate deleveraging progress. Despite lower than planned earnings and cash due to industry-wide supply chain constraints, the company anticipates a strong Q4 with deferred deliveries and improving mix.
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TRIUMPH AWARDED FIVE YEAR CONTRACT FROM ASIA PACIFIC OPERATOR

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Triumph Group, Inc. (TGI) has secured a five-year contract from an Asia Pacific operator for maintenance, repair, and overhaul (MRO) services for CF6-80C2 nacelles over multiple Boeing fleets in Chonburi, Thailand. The contract signifies confidence in Triumph's extensive experience and cost-effective repairs. Triumph's third-party MRO business, TRIUMPH Product Support, offers total life cycle solutions for commercial, regional, and military aircraft, including repair of aircraft structures, nacelles, and engine and aircraft accessories and components.
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TRIUMPH WINS CONTRACT TO UPGRADE U.S. ARMY CHINOOK HELICOPTERS

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Triumph Group, Inc. (TGI) has secured a five-year contract with the United States Army to upgrade the EMC32T Hydraulic Metering Assembly (HMA) fuel control on the T55 engines, supporting the CH-47 Chinook helicopter fleet. The contract involves overhauling over 100 EMC32T HMAs per year from 2024 through 2028. This contract is part of the U.S. Army's Component Improvement Program (CIP) and strengthens Triumph's partnership with the military.
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TRIUMPH ESTABLISHES NEW THERMAL SOLUTIONS DEVELOPMENT CENTER

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Triumph Group, Inc. (TGI) establishes a state-of-the-art Thermal Solutions Development Center in West Hartford, Connecticut, expanding their thermal capabilities. The new facility aims to revitalize the business, including engineering capabilities, new product lines, and lean manufacturing processes. The project is supported by the State of Connecticut, with access to capital investments through the Department of Economic and Community Development and Connecticut Innovations.
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TRIUMPH to Webcast Third Quarter Fiscal Year 2024 Earnings Conference Call

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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. 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 lifecycle.
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TRIUMPH RECEIVES ENVIRONMENTAL AWARDS

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Triumph Group, Inc. (TGI) received multiple environmental awards from the City of Grand Prairie, Texas, including the 2022-2023 Pretreatment 100% Compliance Award. This award recognizes their compliance with the city's wastewater pretreatment and environmental requirements. They also participated in the North Texas Clean Air Challenge, promoting environmental awareness and reducing emissions. Triumph's dedication to improving environmental standards aligns with their larger commitment to environmental, social, and corporate governance (ESG).
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FAQ

What is the current stock price of Triumph Group (TGI)?

The current stock price of Triumph Group (TGI) is $25.26 as of February 21, 2025.

What is the market cap of Triumph Group (TGI)?

The market cap of Triumph Group (TGI) is approximately 2.0B.

What does Triumph Group, Inc. specialize in?

Triumph Group, Inc. specializes in manufacturing and overhauling aerospace structures, systems, and components. They serve both commercial and military aviation sectors.

Where is Triumph Group, Inc. headquartered?

Triumph Group, Inc. is headquartered in Radnor, Pennsylvania.

How many locations does Triumph operate in?

Triumph operates in 70 locations worldwide.

What are the core business units of Triumph?

Triumph's operations are organized into three primary groups: Aerostructures, Aerospace Systems, and Aftermarket Services.

Who are Triumph's main customers?

Triumph's main customers include original equipment manufacturers (OEMs) of commercial, business, and military aircraft, as well as commercial airlines and air cargo carriers.

What recent contract did Triumph secure?

Triumph recently secured a long-term agreement with MD Helicopters to manufacture and assemble main rotor gearbox transmissions for the MD500 platforms.

What significant transaction did Triumph complete recently?

Triumph completed the sale of its Product Support business to AAR CORP. for $725 million.

How is Triumph utilizing the proceeds from the recent sale?

Triumph is using the proceeds primarily for debt reduction.

What is Triumph's strategic focus moving forward?

Triumph is focused on streamlining operations, enhancing its financial condition, and growing in aerospace and adjacent markets with a focus on IP-based products.

What were Triumph's financial results for fiscal 2024?

Triumph reported positive financial results for fiscal 2024, including the strongest margins of the year, positive free cash flow, and an updated financial guidance reflecting improved operational efficiencies.
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Triumph Group

NYSE:TGI

TGI Rankings

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TGI Stock Data

1.96B
75.69M
2.14%
106.18%
7.7%
Aerospace & Defense
Aircraft & Parts
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United States
RADNOR