Triumph Group Stock Price, News & Analysis

Triumph Group and Air France Industries KLM Engineering & Maintenance have launched a joint venture named xCelle Americas, aimed at providing maintenance, repair, and overhaul services for new generation aircraft nacelles. Located at Triumph's Hot Springs facility, the JV will service Boeing 787, Boeing 737MAX, Airbus A320neo, and Airbus A350 aircraft across North and South America. This partnership enhances AFI KLM E&M's capabilities in the region and positions Triumph strategically in the nacelle business, ultimately supporting key airline customers.

Triumph Group (NYSE: TGI) is set to release its second quarter fiscal year 2022 earnings on November 9, 2021, at 8:30 a.m. ET. A conference call will accompany the earnings report, which will include a slide presentation available via webcast. Triumph Group, based in Berwyn, Pennsylvania, specializes in the design, engineering, and manufacturing of aerospace and defense systems, catering to both military and commercial aircraft operators.

Triumph Group (NYSE: TGI) has secured a contract with Sine Draco Aviation Technology to design and manufacture the main deck cargo door lift actuator and hydraulic power pack for the A321-200 SDF passenger-to-freighter conversion. This collaboration marks Triumph's first project with Sine Draco, highlighting its expertise in cargo door actuation. The North Carolina facility plays a key role in developing hydraulic systems for the aerospace sector, enhancing Triumph's position in the growing demand for freight services.

Triumph Group has announced the extension of its repair management agreement with MTU Maintenance at its Grand Prairie, Texas facility. This agreement will allow Triumph to continue providing a range of engine accessory repair services for various engine platforms, including V2500 and CFM56. Since 2007, Triumph has supported MTU Maintenance across multiple locations globally. Triumph's President expressed excitement about continuing this partnership and the potential for future growth. Triumph Group designs and services a broad portfolio for the aerospace sector, enhancing its market position.

Triumph Group has appointed Jennifer H. Allen as Chief Administrative Officer, a new role overseeing human resources and IT, in addition to her legal duties. Allen joined the company in 2018 and has led efforts in debt management and ESG initiatives. Daniel J. Crowley, the CEO, emphasized her leadership in fostering diversity and talent retention. The company also announced Stacey Clapp's promotion to Chief Commercial Officer. This leadership change aims to enhance operational and financial turnaround efforts.

Triumph Group, Inc. (TGI) reported its first quarter fiscal year 2022 results, showing net sales of $396.7 million and a net loss of $30.4 million, or ($0.47) per share. Adjusted net income was $5.9 million, or $0.09 per diluted share. The company anticipates fiscal 2022 net sales between $1.5 billion and $1.6 billion. Operating income reached $20.8 million, with an operating margin of 5%. Triumph is focused on cash conservation and expects to be cash flow positive for the remainder of the year.

Triumph Group will release its first quarter fiscal year 2022 earnings on August 4, 2021, and host a conference call at 8:30 a.m. ET. Investors can access a slide presentation during the call through their website. The company, based in Berwyn, Pennsylvania, provides a diverse range of aerospace and defense systems as well as components. The live broadcast will be archived for those unable to listen live, with a replay available for 90 days.

Triumph Group [NYSE:TGI] has secured a five-year contract with Lockheed Martin to supply hydraulic utility actuation valves (HUAVs) for F-35 fleet readiness at MCAS Cherry Point. Triumph's Clemmons, North Carolina facility will provide engineering and material support, reinforcing the company's position in defense contracts. Triumph has supplied HUAV parts since 2014 and started supplying aftermarket parts last year. This expansion demonstrates Triumph's capabilities in high-demand depot settings, aimed at enhancing fleet readiness for the U.S. military.

Triumph Group has signed a long-term repair and overhaul services agreement with Boeing to support engine driven pumps for the AH-64 Apache, enhancing the Vertical Lift Sustainment Depot Program for the U.S. Army. This partnership aims to improve operational readiness while reducing total ownership costs for the Apache fleet. The agreement extends through 2024, ensuring Triumph continues to leverage its engineering expertise and in-house maintenance capabilities to provide reliable aftermarket support. The deal reflects Triumph's commitment to lifecycle support for critical aerospace components.