Triumph Group Stock Price, News & Analysis

Triumph Group announced a new contract with Airbus to design and manufacture thermal acoustic insulation for the Airbus Canada A220 aircraft. Triumph Interiors, a leading provider of insulation systems, will support the project's lifecycle from its Mexicali, Mexico facility. This contract highlights Triumph's innovative and cost-effective approach, positioning them for further opportunities with Airbus on other platforms. The A220, a single aisle aircraft, shows promise for future sales growth, enhancing Triumph's market position as a supplier for major aerospace OEMs.

Triumph Group (NYSE:TGI) announced the sale of its Stuart, Florida Aerostructures business to Daher Aerospace, signaling its exit from the structures sector. The transaction includes the transfer of approximately 400 employees and is aimed at enhancing shareholder value by focusing on systems and aftermarket services. Since 2016, Triumph has divested 16 non-core businesses as part of its transformation strategy. The deal, expected to close in the first half of the calendar year, reflects Triumph's ongoing efforts to streamline operations and strengthen its market position.

Aerotrax Technologies, based in Dallas, has signed a Memorandum of Understanding (MOU) with Triumph Group (NYSE: TGI) to pilot its blockchain-based Maintenance, Repair and Overhaul (MRO) Service Management System. This partnership will enhance real-time data sharing, aiming to improve operational efficiency and customer experience. The technology is expected to reduce turnaround time and improve document quality for MRO service providers and airlines. Both companies emphasize the potential of combining innovation with existing systems to streamline operations and better serve MRO customers.

Triumph Group, Inc. (NYSE: TGI) is set to release its third quarter fiscal year 2022 earnings on February 9, 2022, followed by a conference call at 8:30 a.m. ET. The event will include a slide presentation alongside the audio broadcast. Triumph Group specializes in designing, engineering, manufacturing, and overhauling a diverse range of aerospace and defense systems. The company caters to both military and commercial aviation sectors, focusing on original equipment manufacturers and aircraft operators.

Triumph Group (NYSE:TGI) appointed Craig Cooper as Vice President of Integrated Supply Chain and Operations, effective immediately. Cooper, who has been with Triumph since 2016, previously held leadership roles focusing on supply chain efficiency and strategic initiatives. His expertise is expected to enhance Triumph’s operations, quality, and engineering functions, especially as the company prepares for post-COVID production increases. Chairman Daniel Crowley expressed confidence in Cooper's skills to lead during this critical time.

Triumph Group has secured a production contract extension with Boeing Commercial Airplanes for hydraulic and actuation equipment for the Boeing 737 MAX, 777, 777X, and 767 aircraft. This extension includes components for landing gear actuation, steering, and brake systems. The manufacturing will take place at Triumph's facilities in Clemmons, North Carolina, and Yakima, Washington. Triumph's ongoing collaboration with Boeing reflects its commitment to delivering high-quality aircraft as the industry recovers from the impacts of Covid-19.

Triumph Group has secured a two-year contract with Calidus Aerospace to design, develop, and manufacture the throttle quadrant assembly for the B-250 aircraft. This marks Triumph's first collaboration with Calidus, a UAE-based manufacturer. The B-250 is designed for asymmetric warfare and adapts to challenging environments. The partnership aims to enhance the aircraft's powerplant control performance and operational capabilities, potentially paving the way for future business opportunities.

Triumph Group (TGI) reported Q2 FY2022 results, revealing net sales of $357.4 million and a net loss of $9.1 million ($0.14 per share). Adjusted earnings stood at $6.4 million ($0.10 per share). The operating margin improved to 5%, with an adjusted operating margin of 8%. Triumph's backlog increased by 5% to $1.94 billion, driven by strong commercial narrow-body platform orders. The company anticipates full-year net sales between $1.5 billion and $1.6 billion, with adjusted EPS guidance raised to $0.68 - $0.88, indicating operational progress and a positive outlook for the remaining fiscal year.

On November 8, 2021, Triumph Group [NYSE:TGI] announced a significant 10-year contract extension with Rolls-Royce. This contract will enable Triumph to manufacture, assemble, and test complex gearboxes and gears for various Rolls-Royce engine programs, serving both commercial and military sectors. Triumph's facilities in Park City, Utah, and Macomb, Michigan will support these operations, continuing a partnership that has lasted over 25 years. This extension reflects Triumph's strong relationship with Rolls-Royce and its role as a leading independent aerospace gear provider.