Financial Performance - Net sales for the third quarter were $315.6 million, an increase of 10.8% compared to $285.0 million in the prior year period[143]. - Operating income rose to $39.3 million, compared to $19.7 million in the prior year period, reflecting a significant improvement[143]. - Income from continuing operations was $14.6 million, or $0.19 per diluted common share, compared to a loss of $11.9 million, or $(0.15) per diluted common share, in the prior year[143]. - Total net sales for Q4 2024 reached $315,556,000, up 10.7% from $284,955,000 in Q4 2023[158]. - Total net sales for the nine months ended December 31, 2024, were $884,067,000, an increase from $833,456,000 in the same period of 2023[183]. - Total net sales for the nine months ended December 31, 2024, were $884.1 million, a 6.1% increase from $833.5 million in the prior year[196]. Sales Breakdown - The Boeing 737 program accounted for approximately 8% of revenue for the nine months ended December 31, 2024, down from 14% in the prior year[146]. - Commercial OEM sales decreased by $16.9 million, or 11.8%, primarily due to reduced sales volume on the Boeing 737 program[159]. - Military OEM sales increased by $14.7 million, or 24.1%, driven by higher sales volume on the V-22 and CH-53 platforms[160]. - Commercial Aftermarket sales rose by $14.8 million, or 42.3%, due to increased spares and repairs sales volume across several platforms[162]. - Military aftermarket sales increased by $17.5 million, or 14.8%, primarily due to increased spares sales across several platforms[186]. - Systems & Support segment net sales increased by $61.5 million, or 8.6%, primarily due to growth in military OEM and aftermarket sales[197]. - Interiors segment net sales decreased by $11.6 million, or 10.0%, due to reduced volume on the 737 program[198]. Profitability Metrics - Adjusted EBITDA for Q4 2024 was $54,208,000, a 90.5% increase from $28,556,000 in Q4 2023[157]. - Operating income for Q4 2024 was $39,297,000, compared to $19,711,000 in Q4 2023, reflecting a significant improvement[164]. - Operating income for the nine months ended December 31, 2024, was $79.8 million, an increase of approximately $38.2 million from $41.6 million in the prior year[188]. - Consolidated gross profit margin increased to 32.5% in Q4 2024 from 24.6% in Q4 2023, benefiting from a higher mix of aftermarket sales[165]. - Consolidated gross profit margin increased to 30.7% for the nine months ended December 31, 2024, up from 25.8% in the same period of 2023[189]. - Adjusted EBITDAP for the total segments increased by 36.5% to $167.4 million compared to $122.6 million in the prior year[200]. Cash Flow and Financial Position - Cash used in operating activities for the nine months ended December 31, 2024, was $109.8 million, compared to $68.3 million in the prior year period[143]. - Cash flows from operating activities showed a net outflow of $109.8 million, compared to a net outflow of $68.3 million in the prior year, driven by timing of receivables and payables[205]. - Cash flows used in investing activities decreased by $7.1 million, totaling approximately $15.4 million for the nine months ended December 31, 2024[206]. - Financing cash flows for the nine months ended December 31, 2024, were $128.4 million used, primarily due to the redemption of $120.0 million of 2028 First Lien Notes[207]. - Current assets decreased from $721,953,000 to $560,506,000, a decline of approximately 22.3%[219]. - Interest expense decreased to $61.5 million for the nine months ended December 31, 2024, from $94.4 million in the prior year, attributed to lower debt levels[194]. Strategic Developments - A definitive agreement for a merger with affiliates of Warburg Pincus LLC and Berkshire Partners LLC was entered into, expected to close in the second half of 2025[141]. - The company completed the sale of third-party maintenance, repair, and overhaul operations in March 2024, classifying these results as discontinued operations[142]. - Forward-looking statements indicate potential uncertainties regarding capital requirements and the completion of a proposed merger[221]. - The company faces risks related to market conditions, customer relationships, and potential litigation associated with the merger[221]. - The company emphasizes the importance of optimizing its asset base and executing restructuring plans to enhance future performance[221]. Accounting and Risk Management - The company has not disclosed any material changes in critical accounting policies since the last annual report[220]. - There has been no material change in market risk exposure during the reporting period[222].

Financial Performance - Triumph Group reported net sales of $315.6 million for Q3 fiscal 2025, representing an 11% increase year-over-year[5]. - The company achieved an adjusted EBITDAP of $55.5 million, with an EBITDAP margin of 18%[5]. - Operating income for the quarter was $39.3 million, with an operating margin of 12%[5]. - Adjusted EBITDA for Q3 2024 was $54.2 million, compared to $28.6 million in Q3 2023, representing an increase of 89.6%[31]. - Net sales for the nine months ended December 31, 2024, were $884.1 million, up from $833.5 million in the same period of 2023, reflecting a growth of 6.1%[31]. - Income from continuing operations for Q3 2024 was $14.6 million, compared to a loss of $11.9 million in Q3 2023, marking a significant turnaround[31]. - Adjusted income from continuing operations for Q3 2024 was $21.0 million, with a diluted EPS of $0.27, compared to a loss of $12.9 million and an EPS of $(0.16) in Q3 2023[35]. - Adjusted operating income for Q3 2024 was $45.7 million, with an adjusted operating margin of 14.5%, compared to $19.8 million and a margin of 6.9% in Q3 2023[39]. - Free cash flow for Q3 2024 was $32.3 million, up from $22.4 million in Q3 2023, while cash used in operating activities increased to $33.1 million from $27.6 million[42]. - The company reported an adjusted EBITDAP margin of 17.6% for Q3 2024, compared to 9.8% in Q3 2023, indicating improved operational efficiency[31]. Sales Performance - Military aftermarket sales increased by $12.1 million, or 31.5%, driven by increased repairs on the UH-60 platform[8]. - Commercial aftermarket sales rose by $14.8 million, or 42.3%, due to increased spares and repair sales volume[8]. - Military OEM sales grew by $14.7 million, or 24.1%, on increased sales volumes for the V-22 and CH-53K programs[8]. - Net sales to external customers in the Systems & Support segment reached $779,739,000 for the nine months ended December 31, 2024, up from $717,514,000 in 2023, representing an increase of approximately 8.7%[23]. - The Interiors segment reported a decline in net sales to external customers, totaling $104,328,000 for the nine months ended December 31, 2024, down from $115,942,000 in 2023, a decrease of approximately 10.1%[23]. Financial Position and Cash Flow - The backlog stood at $1.87 billion, reflecting increases across all end markets[10]. - Triumph's cash flow from operations was $33.1 million for the quarter[10]. - Net cash used in operating activities increased to $109,758,000 for the nine months ended December 31, 2024, compared to $68,275,000 in the prior year, reflecting higher operational costs[21]. - The company reported a net cash used in financing activities of $128,386,000 for the nine months ended December 31, 2024, compared to a net cash provided of $28,361,000 in 2023, indicating a significant shift in financing strategy[21]. - Cash and cash equivalents at the end of the period decreased to $133,487,000 from $162,899,000 at the end of the previous year[21]. Strategic Developments - The company entered into a merger agreement with affiliates of Warburg Pincus and Berkshire Partners, with an enterprise value of approximately $3 billion[11]. - Triumph has suspended its financial guidance for fiscal 2025 due to the pending merger transaction[12]. - The company plans to continue focusing on strategic acquisitions and debt repayment as part of its financial strategy moving forward[41]. Other Financial Metrics - The provision for credit losses was $19,000 for the nine months ended December 31, 2024, a decrease from $855,000 in the same period of 2023, indicating improved credit quality[21]. - The company experienced a loss on the sale of assets and businesses amounting to $5,018,000 for the nine months ended December 31, 2024, compared to a gain of $12,208,000 in the prior year[21]. - Legal contingencies loss for Q3 2024 amounted to $6.2 million, contributing to the adjustments in income from continuing operations[35]. - The company incurred interest expense and other of $20.7 million in Q3 2024, down from $32.4 million in Q3 2023, reflecting a reduction in financing costs[31].

Group 1 - Triumph Group, Inc. has reached a definitive acquisition agreement valued at approximately $3 billion with private equity firms Warburg Pincus and Berkshire Partners, resulting in Triumph becoming a privately owned entity [1] - Shareholders of Triumph will receive $26.00 per share in cash, which represents a premium of about 123% to the unaffected closing stock price of $11.65 as of October 9, 2024, and over 38% to the last closing price of $18.74 on January 31, 2025 [2] - The transaction is seen as a recognition of Triumph's position as a valued provider of mission-critical engineered systems and proprietary components for both OEM and aftermarket customers, according to CEO Dan Crowley [3] Group 2 - Following the acquisition announcement, Baird analyst Peter Arment downgraded Triumph Group from Outperform to Neutral while raising the price target from $20 to $26 [4] - Truist Securities analyst Michael Ciarmoli maintained a Hold rating on Triumph Group and also raised the price target from $19 to $26 [4]

Group 1 - Monteverde & Associates PC is investigating Triumph Group, Inc. regarding its proposed merger with Warburg Pincus and Berkshire Partners [1] - Under the merger agreement, Triumph Group shareholders will receive $26.00 per share in cash [1] - Monteverde & Associates PC has a successful track record in recovering millions for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report [1][2] Group 2 - The firm operates from the Empire State Building in New York City and specializes in class action securities litigation [2] - Monteverde & Associates PC emphasizes that no company, director, or officer is above the law [3] - The firm provides free information and assistance to shareholders with concerns regarding the merger [3]

Core Viewpoint - Triumph Group (TGI) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended December 2024, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for release on February 10, 2025, and could lead to a stock price increase if the reported figures exceed expectations; conversely, a miss could result in a decline [2]. - The consensus estimate for quarterly earnings is $0.24 per share, reflecting a year-over-year increase of +250%, while revenues are projected at $286.61 million, up 0.6% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 9.65%, indicating a reassessment by analysts regarding the company's earnings outlook [4]. - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is higher than the Zacks Consensus Estimate, indicating a bullish sentiment among analysts regarding Triumph Group's earnings prospects, resulting in an Earnings ESP of +1.03% [10][11]. Historical Performance - In the last reported quarter, Triumph Group was expected to post earnings of $0.03 per share but exceeded expectations with earnings of $0.20, achieving a surprise of +566.67% [12]. - Over the past four quarters, the company has surpassed consensus EPS estimates in two instances [13]. Investment Considerations - While an earnings beat can positively influence stock movement, other factors may also affect stock performance, making it essential for investors to consider the broader context [14][16]. - Triumph Group is viewed as a compelling candidate for an earnings beat, but attention to additional factors is advised before making investment decisions [16].

Core Viewpoint - Triumph Group has agreed to be acquired by private equity firms Warburg Pincus and Berkshire Partners for approximately $3 billion, offering shareholders $26 per share, which represents a 38% premium over the previous closing price and a 123% increase from the price on October 9, 2024 [3][4]. Group 1: Acquisition Details - The acquisition price of $3 billion translates to $26 per share in cash for Triumph shareholders, marking a significant premium of 38% compared to the closing price on the preceding Friday [3]. - The stock price surged by 35% following the announcement of the acquisition deal [1]. Group 2: Company Background - Triumph Group has faced challenges over the past decade, including costly acquisitions that did not meet profitability expectations, leading to a restructuring phase where the company sold assets and paid off debt [2]. - Despite the acquisition premium, Triumph's stock is still trading about 70% lower than its value in 2014, indicating a long-term decline in stock performance [4]. Group 3: Market Position and Future Outlook - The CEO of Triumph Group expressed satisfaction with the acquisition agreement, highlighting it as a recognition of the company's value in providing mission-critical engineered systems and proprietary components [4]. - For potential investors, the current acquisition deal suggests limited opportunities for new investments, as a thorough auction process was conducted, making a bidding war unlikely [5].

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

SAN DIEGO, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of Triumph Group, Inc. (NYSE: TGI) concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity firms Warburg Pincus and Berkshire Partners. On February 3, 2025, Triumph Group informed the public that it has agreed to a deal with Warburg Pincus and Berkshire Partners, in which ...

Core Viewpoint - Triumph Group, Inc. has entered into a definitive agreement to be acquired by affiliates of Warburg Pincus and Berkshire Partners for a total enterprise value of approximately $3 billion, with shareholders receiving $26.00 per share in cash, representing a significant premium over the current stock price [1][2][3] Transaction Details - The acquisition price of $26.00 per share represents a premium of approximately 123% over Triumph's unaffected closing stock price and about 58% over the volume weighted average price for the 90 days prior to January 31, 2025 [2] - The transaction is expected to close in the second half of calendar year 2025, subject to customary closing conditions, including shareholder approval and regulatory approvals [4] Company Background - Triumph Group, founded in 1993 and headquartered in Radnor, Pennsylvania, specializes in designing, developing, manufacturing, and repairing aerospace and defense systems and components [7] - The company serves the global aviation industry, including original equipment manufacturers and military and commercial aircraft operators [7] Strategic Implications - The acquisition is expected to enhance Triumph's ability to meet evolving customer needs and provide more opportunities for employees, as it transitions to a privately held company [3] - Warburg Pincus and Berkshire Partners express confidence in Triumph's reputation and capabilities in the aerospace components sector, indicating plans for growth and capturing increasing demand [3][9] Advisory Information - Goldman Sachs & Co. LLC is serving as the exclusive financial advisor to Triumph, while Lazard is advising Warburg Pincus and Berkshire Partners [6]

Live Webcast scheduled for 8:30 AM ET on February 10, 2025RADNOR, Pa., Jan. 27, 2025 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2025 earnings on February 10, 2025, 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 Third Quarter Fiscal Year 2025 Earnings Conference Call When: 8:30 a.m. ET on Monday, February 10, 2025 <td ...