DALLAS, July 17, 2024 (GLOBE NEWSWIRE) -- Triumph Financial, Inc. (Nasdaq: TFIN) has released its second quarter 2024 financial results. The 2Q 2024 financial results and shareholder letter are available on the Company's website at tfin.com through the News & Events, Events & Presentations links. Aaron P. Graft, Vice Chairman & CEO, and Brad Voss, CFO, will review the financial results in a conference call with investors and analysts beginning at 9:30 a.m. central time on Thursday, July 18, 2024. The live v ...

RADNOR, Pa., July 17, 2024 /PRNewswire/ -- Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] today announced its Geared Solutions business has been awarded a contract to provide the Auxiliary Gearbox from GE Aerospace for the F404 afterburning turbofan engine with potential future use on multiple applications, including the T7-A, T-50, and TAI Hurjet platforms. TRIUMPH is a long-standing engineering and manufacturing partner with GE on military and commercial gearbox applications. This work will be performed at TRI ...

"TRIUMPH took important strategic actions over the last year to create a more streamlined, value-added and IP-based business with a much stronger balance sheet," said Jim McCabe, TRIUMPH's senior vice president and chief financial officer. "These upgrades recognize our commitment to increasing shareholder value through the cycle of deleveraging benefits, supporting our multi-year targets for debt reduction, EBITDAP margin expansion, and free cash flow generation." Statements in this release which are not hi ...

ilbusca Triumph Financial Results Asset and Borrowing Yields 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% -0% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q4 2020 Q3 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q2 2023 Q3 2023 Q4 2023 Q1 2023 Q1 2024 Asset Yield Borrowing Yield Bank Financials Despite the higher borrowing yields, Triumph Financial's interest expense declined in the first quarter. The bank's interest income did ease back, which led to the slight decline in net interest income (i ...

Company Overview - Triumph Group (TGI) is expected to report a quarterly loss of $0.03 per share, reflecting a year-over-year change of +70% [1] - Revenues for Triumph Group are anticipated to be $269.91 million, which is a decrease of 17.5% compared to the same quarter last year [1] - The consensus EPS estimate for Triumph Group has been revised 139.1% lower over the last 30 days [3] Stock Performance - Triumph Group shares increased by 7.3% to $15.10 in the last trading session, with a notable volume of shares traded [5] - The stock has gained 6.1% over the past four weeks [5] - Triumph Group currently holds a Zacks Rank of 3 (Hold) [2][4] Industry Context - Triumph Group operates within the Zacks Aerospace - Defense Equipment industry [7] - Boeing is reallocating engineers from its X-66A project to support the development of commercial programs, which has positively impacted TGI's share price [2] - Kratos (KTOS), another company in the same industry, closed 2.4% higher at $20.65, but has seen a -4.9% return over the past month [7]

C.H. Robinson will join the TriumphPay Network, a platform that connects brokers, shippers, factors and carriers for a streamlined payment experience. This collaboration provides the foundation for delivering new solutions and financial benefits to carriers at a scale never seen before. TriumphPay provides innovative payment processing solutions tailored for the transportation industry, empowering freight brokers to achieve heightened operational efficiency, improved financial transparency and enhanced risk ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 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 No. 1-12235 Triumph Group, Inc. (Exact name of registrant as specified in its charter) | Delaware | 51-0347963 | | --- | --- | | (State or other ju ...

Is Triumph stock a buy? Triumph Group is one of the longest-running turnaround stories in the aerospace sector. The company's shares have lost about 80% of their value over the last decade and have remained mired near those lows since before the pandemic, hampered by unprofitable contracts and supply issues. The company in recent years has taken steps to turn things around, shedding lower-margin or unprofitable businesses and focusing on a smaller number of core competencies. The work paid off in the most r ...

Triumph Group, Inc. (TGI) reported fourth-quarter fiscal 2024 (ended Mar 31, 2024) adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate of 12 cents by 158.3%. However, the bottom line declined by 3.1% from earnings of 32 cents per share reported in the prior-year quarter. Including one-time adjustments, TGI reported GAAP earnings of 7 cents per share in the fourth quarter of fiscal 2024 against the loss of 37 cents in the prior-year quarter. For the full fiscal 2024, Triumph Grou ...

Investors in Triumph Group, Inc. (TGI) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $5 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also ...