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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.

News
TRIUMPH ESTABLISHES NEW THERMAL SOLUTIONS DEVELOPMENT CENTER
Rhea-AI Summary
Triumph Group, Inc. (TGI) establishes a state-of-the-art Thermal Solutions Development Center in West Hartford, Connecticut, expanding their thermal capabilities. The new facility aims to revitalize the business, including engineering capabilities, new product lines, and lean manufacturing processes. The project is supported by the State of Connecticut, with access to capital investments through the Department of Economic and Community Development and Connecticut Innovations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
none
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News
TRIUMPH to Webcast Third Quarter Fiscal Year 2024 Earnings Conference Call
Rhea-AI Summary
Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2024 earnings on February 7, 2024, and will host a conference call that day at 8:30 a.m. ET. TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, subsystems and components. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators through the aircraft lifecycle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
conferences earnings
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News
TRIUMPH RECEIVES ENVIRONMENTAL AWARDS
Rhea-AI Summary
Triumph Group, Inc. (TGI) received multiple environmental awards from the City of Grand Prairie, Texas, including the 2022-2023 Pretreatment 100% Compliance Award. This award recognizes their compliance with the city's wastewater pretreatment and environmental requirements. They also participated in the North Texas Clean Air Challenge, promoting environmental awareness and reducing emissions. Triumph's dedication to improving environmental standards aligns with their larger commitment to environmental, social, and corporate governance (ESG).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
none
News
TRIUMPH ANNOUNCES SALE OF PRODUCT SUPPORT BUSINESS TO AAR
Rhea-AI Summary
Triumph Group, Inc. (NYSE: TGI) announced a $725 million agreement with AAR CORP. (NYSE: AIR) to sell its Product Support business, expected to strengthen Triumph's balance sheet and focus the company on its OEM and IP-based aftermarket business. The deal is valued at 14.5x trailing 12 months Adjusted EBITDAP multiple as of September 30, 2023, with net after-tax proceeds of approximately $700 million. The Product Support business generated revenues of approximately $268 million for the trailing 12 months ended September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
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none
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News
AAR announces agreement to acquire Triumph Group's Product Support business, a leading provider of MRO services to the global aviation aftermarket
Rhea-AI Summary
AAR CORP. (NYSE: AIR) to Acquire Triumph Product Support for $725 Million, Expected to Close in Q1 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
acquisition
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News
TRIUMPH REPORTS SECOND QUARTER FISCAL 2024 RESULTS
Rhea-AI Summary
Triumph Group, Inc. reported net sales of $354.1 million for its second quarter of fiscal 2024, with organic sales growth of 16%. They also raised their net sales, earnings, and cash flow guidance for fiscal 2024, reflecting a range of $1.43 billion to $1.47 billion in net sales and expected cash flow from operations to a range of $65.0 million to $85.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.01%
Tags
earnings
News
TRIUMPH AWARDED PRODUCTION CONTRACT FOR CH-53K® ROTOR SYSTEMS
Rhea-AI Summary
Triumph Group, Inc. (TRIUMPH) has been awarded a contract from Sikorsky for the CH-53K King Stallion™ rotorcraft. Triumph will provide the main rotor blade fold actuation and dampening systems for lots 7 and 8. The work will be performed at Triumph's facility in Seattle, Washington.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
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none
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News
HONEYWELL SELECTS TRIUMPH TO PROVIDE THE ELECTRONIC FUEL CONTROL UNIT FOR NEXT GENERATION AUXILIARY POWER UNIT
Rhea-AI Summary
Triumph Group's Systems, Electronics and Controls business has been chosen by Honeywell Aerospace to develop the next-generation Electronic Control Unit (ECU) for future Auxiliary Power Unit (APU) models. The ECU will utilize proprietary technology and cutting-edge processors to meet cybersecurity requirements. Triumph aims to provide an innovative solution that addresses future performance requirements and threat environments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
Tags
none
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News
HONEYWELL AND TRIUMPH SIGN LONG TERM AGREEMENT FOR MULTI-FLEET ENGINE CONTROLS AND FUEL COMPONENTS
Rhea-AI Summary
Triumph Group and Honeywell Aerospace have signed a long-term agreement for the manufacturing and maintenance of engine components. Triumph will provide boost pumps, electronic control units, and fuel controls for T55 helicopter engines, as well as main fuel pumps for F124 fighter/trainer engines and HTF7000 business jet engines. The work will be performed at Triumph's facility in West Hartford, Connecticut.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.81%
Tags
none
News
TRIUMPH to Webcast Second Quarter Fiscal Year 2024 Earnings Conference Call
Rhea-AI Summary
Triumph Group to release second quarter fiscal year 2024 earnings and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
conferences earnings
Stock TGI logo
Triumph Group Inc.

NYSE:TGI

TGI Rankings

#2381 Ranked by Market Cap
#3321 Ranked by Stock Gains
N/A Ranked by Dividends

TGI Stock Data

1.04B
69.89M
1.86%
95.22%
7.64%
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