Search

2016 News Releases

Print Page Print Page | E-mail Page E-mail Page | RSS Feeds RSS Feeds | E-mail Alerts E-mail Alerts | Financial Tear Sheet Financial Tear Sheet

Keyword Search
 Search
2016 | 2015 | 2014 | 2013 | 2012
DateTitle 
09/16/16Triumph Realizes Milestone Delivery in Support of USAF Maintenance Program
BERWYN, Pa.--(BUSINESS WIRE)--Sep. 16, 2016-- Triumph Group (NYSE:TGI) marked the shipment of the 100th KC-10 Aerial Refueling Boom in support of the U.S. Air Force maintenance program, on August 26. Triumph Group’s Product Support business, based out of Wellington, Kansas, has provided repair and overhaul service on the KC-10 boom since the program’s inception in 1999. “We are proud of our long history serving the U.S. Air Force KC-10 air... 
Printer Friendly Version
07/28/16Triumph Group Reports First Quarter Fiscal 2017 Results
First Quarter Fiscal 2017 Results Net sales of $893.3 million for first quarter fiscal year 2017 reflecting the impact of new wins in Product Support and improving deliveries in Aerospace Structures Operating income for first quarter fiscal year 2017 was $46.7 million, impacted by charges of $46.1 million ($0.64 per diluted share) detailed below Net income for first quarter fiscal year ... 
Printer Friendly Version
07/27/16Triumph Appoints New Chief Financial Officer
Seasoned Financial Executive, James McCabe, Joins Triumph Group BERWYN, Pa.--(BUSINESS WIRE)--Jul. 27, 2016-- Triumph Group (NYSE:TGI) today announced that James McCabe is joining the company as its Senior Vice President and Chief Financial Officer (CFO) effective August 8, 2016. McCabe joins Triumph from Steel Partners Holdings where he last served as Senior Vice President and CFO, and President, Shared Services. He brings more than 25 years of dive... 
Printer Friendly Version
07/25/16Triumph Moving Kansas City-Area Factory
BERWYN, Pa.--(BUSINESS WIRE)--Jul. 25, 2016-- Triumph Group, Inc. (NYSE:TGI) announced today that it is relocating its Kansas City-area operations later this year from Grandview, Mo., to a new purpose-built facility in Edgerton, Kan., to accommodate the company’s growth. Triumph plans to occupy the new 156,000-sq.-ft. facility, located in the Logistics Park Kansas City (LPKC), under a long-term lease agreement with NorthPoint Development. ... 
Printer Friendly Version
07/21/16Triumph Group Declares Quarterly Dividend
BERWYN, Pa.--(BUSINESS WIRE)--Jul. 21, 2016-- Triumph Group, Inc. (NYSE:TGI) today announced that its Board of Directors has declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable September 15, 2016 to shareholders of record as of September 1, 2016. Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of ... 
Printer Friendly Version
07/20/16Congressman Marc Veasey Flies F-35 Cockpit Demonstrator During Visit to Triumph in Arlington
F-35 will serve as a cornerstone of global security and create jobs across Texas and the U.S. ARLINGTON, Texas--(BUSINESS WIRE)--Jul. 20, 2016-- Congressman Marc Veasey (TX-33) today joined employees, local elected officials and community leaders at the Triumph Group, Inc. (NYSE:TGI) Aerospace Structures facility to receive an update on the Lockheed Martin (NYSE: LMT) F-35 Lightning II program and hear about the program’s economic benefits to ... 
Printer Friendly Version
07/12/16Triumph and Northrop Grumman Sign MOU to Advance UAS Production
BERWYN, Pa.--(BUSINESS WIRE)--Jul. 12, 2016-- FARNBOROUGH AIR SHOW -- Triumph Group, Inc. (NYSE:TGI) today announced the signing of a new memorandum of understanding (MOU) with Northrop Grumman Corporation (NYSE: NOC) at the Farnborough International Air Show. The purpose of the MOU is to successfully ramp-up high altitude long endurance unmanned aircraft system (UAS) production rates. Over the next five years, Triumph, and Northrop Grumma... 
Printer Friendly Version
07/12/16Triumph Names MaryLou Thomas EVP, Aerospace Structures
BERWYN, Pa.--(BUSINESS WIRE)--Jul. 12, 2016-- FARNBOROUGH AIRSHOW – Triumph Group, Inc. (NYSE:TGI) has named MaryLou Thomas executive vice president of Triumph’s Aerospace Structures business unit, one of the company’s four market-based business units. She will be based in Arlington, Texas, and reports directly to President and Chief Executive Officer Daniel J. Crowley. “After consideration of external and internal candidates, MaryLou was ... 
Printer Friendly Version
07/08/16Triumph Group to Webcast First Quarter Fiscal 2017 Earnings Conference Call
Live Webcast scheduled for 8:30 AM ET on July 28th BERWYN, Pa.--(BUSINESS WIRE)--Jul. 8, 2016-- Triumph Group, Inc. (NYSE: TGI) will release first quarter fiscal year 2017 earnings on July 28, 2016 and will host a conference call that day at 8:30 a.m. ET. A slide presentation will be included with the audio portion of the webcast.     ... 
Printer Friendly Version
07/08/16Triumph and Lockheed Martin Sign Long-Term Agreements for F-35 Components
BERWYN, Pa.--(BUSINESS WIRE)--Jul. 8, 2016-- Triumph Group, Inc. (NYSE:TGI) was selected by Lockheed Martin to supply key engine and structures components for the F-35 Lightning II aircraft. Since the start of the year, Triumph’s Precision Components (TPC) business unit has received multiple contracts from the aircraft manufacturer. Under the contracts, Triumph will provide engine mounts, bulkheads, longerons and wing ribs for the F-35 thr... 
Printer Friendly Version
07/05/16Triumph Workers in Spokane Return to Work, Focused on Customer Commitments
BERWYN, Pa.--(BUSINESS WIRE)--Jul. 5, 2016-- Triumph Group, Inc. (NYSE:TGI) announced that its workforce in Spokane, Wash., returned to work following ratification of a new contract with members of the Local IAM (International Association of Machinists and Aerospace Workers) District 751. The four-year collective bargaining agreement covers approximately 400 production workers at the company’s Precision Components composites facility in Sp... 
Printer Friendly Version
05/17/16Triumph Group Announces Completion of Consent Solicitation for Senior Notes
BERWYN, Pa.--(BUSINESS WIRE)--May 17, 2016-- Triumph Group, Inc. (NYSE: TGI) (the “Company”) today announced that it has received and accepted the requisite consents with respect to the previously announced consent solicitation relating to the Company’s 4.875% Senior Notes due 2021 (the “Notes”). The consent solicitation expired at 5:00 p.m., New York City time, on May 17, 2016. Pursuant to the terms and conditions of the consent solicitat... 
Printer Friendly Version
05/09/16Triumph Group Announces Commencement of Consent Solicitation for Senior Notes
BERWYN, Pa.--(BUSINESS WIRE)--May 9, 2016-- Triumph Group, Inc. (NYSE:TGI) (the “Company”) today announced the commencement of a consent solicitation relating to the Company’s 4.875% Senior Notes due 2021 (the “Notes”). The purpose of the Consent Solicitation is to obtain Consents to amend the indenture relating to the Notes (the “Indenture”) to make such Indenture consistent with the Company’s indenture, dated as of June 3, 2014, relating... 
Printer Friendly Version
05/04/16Triumph Group Reports Fourth Quarter and Full Fiscal Year 2016 Results; Implementing ‘One Triumph’ Transformation Strategy
Fourth Quarter and Full Fiscal Year 2016 Results Net sales of $1.058 billion for fourth quarter fiscal year 2016 Adjusted operating income for fourth quarter fiscal year 2016 of $122.5 million, reflecting an operating margin of 12% Adjusted net income for fourth quarter fiscal year 2016 of $65.3 million, or $1.32 per diluted share Net loss for fourth quarter fiscal year 2016 of (... 
Printer Friendly Version
05/03/16Triumph Group Receives Supplier of the Year Award from Sikorsky
BERWYN, Pa.--(BUSINESS WIRE)--May 3, 2016-- Triumph Group, Inc. (NYSE: TGI) today announced that its subsidiary, Triumph Gear Systems – Macomb, Inc., has received the 2015 Lockheed Martin Mission Systems and Training Supplier of the Year Award in recognition of its exceptional performance and contributions to the Sikorsky division’s success throughout the year. Triumph Gear Systems-Macomb is a current Sikorsky Gold Supplier which recognizes them f... 
Printer Friendly Version
05/02/16Triumph Group Declares Quarterly Dividend
BERWYN, Pa.--(BUSINESS WIRE)--May 2, 2016-- Triumph Group, Inc. (NYSE:TGI) today announced that its Board of Directors has declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable June 15, 2016 to shareholders of record as of May 31, 2016. Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostruc... 
Printer Friendly Version
04/28/16Triumph Group Awarded Long Term Agreement with PT Batam Teknik for APU and Other Component Maintenance Repair Services
BERWYN, Pa.--(BUSINESS WIRE)--Apr. 28, 2016-- Triumph Group, Inc. (NYSE: TGI) today announced that its subsidiary, Triumph Aviation Services Asia, Ltd., located in Bangkok, Thailand, has signed a ten-year agreement with PT Batam Teknik, a subsidiary of the Lion Group of Indonesia to provide repair services, tooling, training, Auxillary Power Unit (APU) test cell and certification assistance. Triumph will provide full APU repair and overhaul during... 
Printer Friendly Version
04/12/16Triumph Group Establishes Four Market-Focused Business Units and Announces Executive Appointments
Realignment Will Meet Customers’ Evolving Needs, Deliver Predictable Profitability and Support Long-Term Growth BERWYN, Pa.--(BUSINESS WIRE)--Apr. 12, 2016-- Triumph Group, Inc. (NYSE: TGI) today announced that the company is realigning into four business units to better meet the evolving needs of its customers. The new structure will enhance Triumph’s customer focus and leverage the company’s scale in support of delivering predictable profita... 
Printer Friendly Version
04/11/16Triumph Group to Webcast Fourth Quarter and Full Fiscal 2016 Earnings Conference Call
Live Webcast scheduled for 8:30 AM ET on May 4th BERWYN, Pa.--(BUSINESS WIRE)--Apr. 11, 2016-- Triumph Group, Inc. (NYSE: TGI) will release fourth quarter and full fiscal year 2016 earnings on May 4, 2016. Daniel J. Crowley, Triumph’s President and Chief Executive Officer, and Jeffrey L. McRae, Triumph’s Senior Vice President and Chief Financial Officer, will host a conference call that day at 8:30 a.m. ET. A slide presentation will be include... 
Printer Friendly Version
04/07/16Triumph Group Receives Supplier Excellence Award from American Helicopter Society International
BERWYN, Pa.--(BUSINESS WIRE)--Apr. 7, 2016-- Triumph Group, Inc. (NYSE: TGI) today announced that it has received the 2016 Supplier Excellence Award from the American Helicopter Society International (“AHS International”) in recognition of the quality, innovation and cost-effective technology of its products. The AHA International Supplier Excellence Award is given to companies that make a notable contribution to improving the state of the art of ... 
Printer Friendly Version
04/04/16Triumph Group Announces Grant of Inducement Awards to President and Chief Executive Officer
BERWYN, Pa.--(BUSINESS WIRE)--Apr. 4, 2016-- Triumph Group, Inc. (NYSE: TGI) today announced, in accordance with New York Stock Exchange Rules, that it has granted to Daniel J. Crowley, its President and Chief Executive Officer, on April 1, 2016 two employment inducement awards, consisting of an award of 50,000 shares of time-vesting restricted stock generally vesting in four equal installments on each of the first four anniversaries of January 4, 2016, ... 
Printer Friendly Version
04/04/16Triumph Group Announces Departure of Chief Financial Officer
BERWYN, Pa.--(BUSINESS WIRE)--Apr. 4, 2016-- Triumph Group, Inc. (NYSE: TGI) today announced that Jeffrey L. McRae, Senior Vice President and Chief Financial Officer, will step down from that position following the filing of the company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2016, which is expected to occur in the second half of May, 2016. Mr. McRae, after more than five years of service to the company, has chosen to leave to pu... 
Printer Friendly Version
03/29/16Triumph Group Awarded Long Term Agreement to Provide Landing Gear Actuation Systems to Airbus S.A.S.
BERWYN, Pa.--(BUSINESS WIRE)--Mar. 29, 2016-- Triumph Group, Inc. (NYSE: TGI) today announced that its subsidiary, Triumph Actuation Systems-UK & IOM, has entered into a long term agreement with Airbus S.A.S. to continue manufacturing its landing gear actuation systems including actuators, valves and uplocks for the A320ceo and A320neo programs. Production of the actuation systems will be performed at Triumph’s facility in Deeside, Flintshire, with t... 
Printer Friendly Version
02/05/16Triumph Group Declares Quarterly Dividend
BERWYN, Pa.--(BUSINESS WIRE)--Feb. 5, 2016-- Triumph Group, Inc. (NYSE:TGI) today announced that its Board of Directors has declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable March 15, 2016 to shareholders of record as of March 1, 2016. Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerost... 
Printer Friendly Version
01/28/16Triumph Group Reports Third Quarter Fiscal 2016 Results
Net sales for third quarter fiscal year 2016 were $913.9 million Adjusted operating income for the third quarter fiscal year 2016 was $115.4 million, reflecting an operating margin of 13%. Adjusted net income for the third quarter fiscal year 2016 was $68.6 million, or $1.39 per diluted share. Net loss for the third quarter fiscal year 2016 was ($88.6) million, or ($1.80) per share. ... 
Printer Friendly Version
01/15/16Triumph Group Announces Milestone Delivery on Embraer E-Jet E2 Program
BERWYN, Pa.--(BUSINESS WIRE)--Jan. 15, 2016-- Triumph Group, Inc. (NYSE: TGI) today announced that its subsidiary, Triumph Aerostructures-Vought Aircraft Division, delivered its first fully joined Embraer E2 CFIII/AFT fuselage to Embraer from its Red Oak, Texas facility. The company entered into a contract with Embraer in 2013 to design and build the E2 CFIII/AFT fuselage shipsets for the life of the program. Daniel J. Crowley, Triumph’s P... 
Printer Friendly Version
01/12/16Triumph Group to Webcast Third Quarter Fiscal 2016 Earnings Conference Call
Live Webcast scheduled for 8:30 AM ET on January 28th BERWYN, Pa.--(BUSINESS WIRE)--Jan. 12, 2016-- Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2016 earnings on January 28, 2016. Daniel J. Crowley, Triumph’s President and Chief Executive Officer, and Jeffrey L. McRae, Triumph’s Senior Vice President and Chief Financial Officer, will host a conference call that day at 8:30 a.m. ET. A slide presentation will be include... 
Printer Friendly Version
Background Shadow
Container Bottom Shadow