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Triumph Group Inc. - TGI STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Triumph Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Triumph Group's position in the market.

Rhea-AI Summary
Triumph Group, Inc. updates financial guidance for fiscal year 2024, reaffirming net sales of $1.17-1.20 billion, operating income of $100-110 million, and adjusted EBITDAP of $157-167 million. The company completed debt paydowns and asset sales, impacting cash flows and free cash use.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.5%
Tags
earnings
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Rhea-AI Summary
AAR Corp. (NYSE: AIR) completes the acquisition of Triumph Group's Product Support business for $725 million. The acquisition is funded by a $550 million notes offering and an amendment to AAR's revolving credit facility. This acquisition enhances AAR's repair capabilities, expands its global footprint, and adds expertise to serve its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
acquisition
-
Rhea-AI Summary
AAR Corp. (NYSE: AIR) completes the acquisition of Triumph Group's Product Support business for $725 million. The acquisition is funded by a $550 million notes offering and an amendment to AAR's revolving credit facility. This acquisition enhances AAR's repair capabilities, expands its global footprint, and adds expertise to serve its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
Tags
acquisition
Rhea-AI Summary
Triumph Group, Inc. (TGI) completes the sale of its Product Support business to AAR CORP. for $725 million, expecting net proceeds of $700 million. The move aims to reduce debt and focus on OEM component, spares, and IP-based aftermarket business for profitable growth. TRIUMPH will operate as a value-added and IP-based business in aerospace and adjacent markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
none
-
Rhea-AI Summary
Triumph Group, Inc. (TGI) completes the sale of its Product Support business to AAR CORP. for $725 million, expecting net proceeds of $700 million. The move aims to reduce debt and focus on OEM component, spares, and IP-based aftermarket business for profitable growth. TRIUMPH will operate as a value-added and IP-based business in aerospace and adjacent markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.63%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.98%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.78%
Tags
offering acquisition
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
offering acquisition
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.68%
Tags
acquisition
Triumph Group Inc.

NYSE:TGI

TGI Rankings

TGI Stock Data

1.16B
69.89M
1.92%
95.11%
7.46%
Other Aircraft Parts and Auxiliary Equipment Manufacturing
Manufacturing
Link
US
Berwyn

About TGI

triumph group, inc., headquartered in berwyn, pennsylvania, is a global leader in manufacturing and overhauling aerospace structures, systems and components. operating in 70 locations worldwide, triumph designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. triumph consists of 47 highly specialized manufacturing companies, organized into three groups: aerostructures, aerospace systems, and aftermarket services. our operations touch virtually all major players and all current and future aviation platforms. triumph serves a broad, worldwide spectrum of the industry, including original equipment manufacturers (oems) of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. triumph participates at all levels of the aerospace supply chain – from single components to complex aerostructures and their