Triumph Group Inc TGI received a downgrade last month from a Truist Securities analyst. While the company's transformation efforts have resulted in a "leaner, more focused portfolio," this is being overshadowed by the "uncertain aircraft production rates" of Boeing Co BA and Airbus SE EADSY, according to BofA Securities. Analyst Ronald Epstein downgraded the rating for Triumph Group from Buy to Underperform, while reducing the price target from $17 to $12. The Triumph Group Thesis: The Installations segment ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From _________ to ________ Commission File Number: 1-12235 TRIUMPH GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 51-0347963 (State or other juris ...

The quarter was fine, but the company sees customer-related weakness up ahead. Issues with various customers are likely to weigh on Triumph Group's (TGI 5.85%) results in the quarters to come, a fresh obstacle for this long-suffering aerospace supplier. Investors are in no mood to wait out the delays. Shares of Triumph traded down 12% for the week as of 2 p.m. Thursday, according to data provided by S&P Global Market Intelligence. Charges up ahead Triumph is a collection of aerospace businesses that have pe ...

| --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | First Quarter FY'25 Earnings Conference Call | | | | | Daniel J. Crowley , Chairman, President & CEO James F. McCabe, Jr. , Senior Vice President & CFO | | | | Forward Looking Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking stateme ...

Financial Data and Key Metrics Changes - Triumph Group reported a revenue of $281 million for Q1 2025, reflecting a year-over-year increase of 7% or $17 million [11] - Adjusted operating income rose by 23% to $16 million, with an adjusted operating margin of 6%, up 80 basis points from the previous year [11] - Aftermarket revenue constituted 33% of total revenue, increasing from 27% in Q1 of the previous year, and accounted for 73% of the profit in the quarter [11][12] Business Line Data and Key Metrics Changes - Aftermarket sales surged by 27% year-over-year, driven by increased demand for spares and repairs, particularly for the Boeing 737 and Airbus A320 fleets [5][6] - Military aftermarket revenue increased by 11% to $41 million, while military OEM revenue experienced a slight decline [13] - Commercial aftermarket revenue rose by 43%, largely due to legacy 737 spares and repairs, while commercial OEM revenue was slightly up at $119 million [12] Market Data and Key Metrics Changes - Triumph's total backlog increased by 11% year-over-year to $1.9 billion, with a stable sequential backlog despite some order delays [18] - The commercial single-aisle backlog remained flat, while twin-aisle backlog grew by 42% year-over-year, driven by 787 and 777 orders [18] - The company anticipates strong aftermarket demand to continue through the end of the decade, supported by a growing installed base of proprietary products [17] Company Strategy and Development Direction - Triumph is focused on a pivot to systems and IP-based aftermarket services following the divestiture of its product support business, aiming to capitalize on strong aftermarket demand [8] - The company is preparing for an anticipated aerospace and defense industry super cycle, leveraging its diversified customer base and end markets [8] - Triumph is committed to enhancing shareholder value through operational improvements, product portfolio investments, and maintaining a strong balance sheet [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term demand, reinforced by positive feedback from the recent Farnborough International Airshow [16] - The company expects continued improvement in financial performance as it navigates through near-term OEM headwinds, with aftermarket sales driving profitability [23] - Management remains confident in achieving full-year financial objectives despite challenges in the interiors business and supply chain issues [15][23] Other Important Information - Triumph redeemed $120 million of first lien notes, reducing net debt to $821 million, with liquidity totaling $203 million [14] - A cybersecurity incident was reported, but management believes it will not materially impact financial results [22] Q&A Session All Questions and Answers Question: Can you walk us through the expected positive cash flow in the second half of the year? - Management indicated that strong performance in actuation and engine controls, along with anticipated increases in aftermarket sales, will contribute to positive cash flow in the second half [25][26] Question: What volume is needed for the MAX to achieve positive EBITDAP in interiors? - Management stated that achieving positive EBITDAP in interiors requires installation rates to increase to around 30 shipsets per month, with current production at 12 to 14 [29][30] Question: How is the company addressing the impact of the V-22 crash? - Management clarified that the crash was unrelated to Triumph's hardware, but acknowledged it could affect OEM deliveries and aftermarket sales [53] Question: How is Triumph preparing for potential strikes at Boeing? - Management noted that they have contingency plans in place and do not anticipate significant disruptions, as Boeing has been responsible in managing production rates [55] Question: Can you provide details on Triumph's electric aircraft gearbox development? - Management described ongoing projects for electric regional jets, emphasizing the importance of gearboxes in connecting electric motors to propellers [57][59]

Financial Performance - Triumph Group reported a quarterly loss of $0.06 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.03, but an improvement from a loss of $0.10 per share a year ago [1] - The company posted revenues of $281.02 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 4.14%, but down from $327.15 million in the same quarter last year [2] - Over the last four quarters, Triumph Group has surpassed consensus EPS estimates only once [2] Stock Performance - Triumph Group shares have declined approximately 7.4% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [3] - The current Zacks Rank for Triumph Group is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $286.81 million, and for the current fiscal year, it is $0.49 on revenues of $1.21 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Aerospace - Defense Equipment industry, to which Triumph Group belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8]

RADNOR, Pa., Aug. 7, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its first quarter of fiscal 2025, which ended June 30, 2024. First Quarter Fiscal 2025 Net sales of $281.0 million; sales growth of 7% Operating income of $8.1 million with operating margin of 3%; adjusted operating income of $17.2 million with adjusted operating margin of 6% Net loss from continuing operations of ($18.8) million, or $(0.24) per share; adjusted net loss ...

RADNOR, Pa., Aug. 6, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] today announced that its Actuation Products & Services business extended their repair and technical support agreement with Lockheed Martin as part of the F-35 Joint Strike Fighter fleet readiness support. TRIUMPH's Clemmons, North Carolina facility will provide engineering and material support for the program over the next five years. TRIUMPH has provided original equipment and aftermarket Hydraulic Utility Actuation Valves ...

DALLAS, July 30, 2024 (GLOBE NEWSWIRE) -- Triumph Financial, Inc. (Nasdaq: TFIN) is pleased to announce today the appointment of Mitchell Lee as chief risk and compliance officer. In his new role, Lee will be responsible for providing strategic oversight of the company's enterprise risk and compliance efforts. This includes driving the ongoing development of a comprehensive enterprise risk management framework across all divisions of Triumph Financial including TriumphPay, Triumph and TBK Bank. Schreyer sta ...

Live Webcast scheduled for 8:30 AM ET on August 7, 2024 RADNOR, Pa., July 23, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) 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 si ...