$TGI (Triumph Group, Inc.)

$TGI {{ '2016-05-18T12:30:04+0000' | timeago}} • Announcement

As per terms and conditions of the consent solicitation, $TGI will pay to each notes holder a cash payment of $10 for each $1,000 aggregate principal amount of such holder's notes in respect of which the holder validly delivered a consent prior to the expiration time. Company expects to pay the consent fees on May 18, 2016.

$TGI {{ '2017-09-21T21:06:38+0000' | timeago}} • Announcement

$TGI signed an agreement with $BA to continue their longstanding partnership to provide the environmental control systems (ECS) ducting and floor panels utilized on Boeing’s 737 (legacy and MAX), 767, 777X and 787 airplanes. The extensions will cover deliveries of these composite interior components into the next decade.

$TGI {{ '2017-09-18T12:48:59+0000' | timeago}} • Announcement

$TGI announced the sale of Triumph Processing Embee Division, Inc. to All Metals Processing of Orange County, which is owned by Watson Family Investments, LLC. The transaction was effective Sept. 14, 2017. The Embee Division generated revenues of about $42MM in Triumph Group’s FY17. The new company will operate as Embee Processing.

$BA {{ '2017-09-15T17:51:05+0000' | timeago}} • Announcement

Aerospace company $BA said it will be procuring majority of the aircraft structures and components required for building its T-X Air Force training jet from $TGI. Once the Air Force confirms the contract, Triumph’s aerospace structures unit in Texas will supply the wing, vertical tail and horizontal tail structures.

$TGI {{ '2017-08-09T14:45:51+0000' | timeago}} • Announcement

$TGI has priced its previously announced offering of $500MM in aggregate principal amount of senior notes due 2025. The notes will have an interest rate of 7.75% per annum and are being issued at a price equal to 100% of their face value. It intends to use the net proceeds to repay outstanding credit. The offering will close on Aug 17, 2017.

$TGI {{ '2017-08-02T15:43:48+0000' | timeago}} • Announcement

$TGI intends to offer $500MM in aggregate principal amount of senior notes due 2025. Triumph intends to use the net proceeds of the offering to repay amounts outstanding under its credit facilities and pay fees and expenses.

$TGI {{ '2017-07-25T17:09:42+0000' | timeago}} • Announcement

$TGI signed agreement with $BA to provide various hydraulic and mechanical actuation assemblies for legacy $BA programs, including the Next-Generation 737, 737 MAX, 747-8, 767, 767-2C and 777, and for the 777X, $BA's newest family of twin-aisle airplanes.

$TGI {{ '2017-07-25T15:13:48+0000' | timeago}} • Announcement

$TGI has promoted Pete Wick as the EVP of Precision Components business unit with immediate effective. Wick will be based in the Arlington office and will continue to report directly to CEO and President Dan Crowley. Wick will lead more than 4,500 employees working in the unit’s seven operating companies across 21 sites.

$TGI {{ '2017-07-25T13:39:48+0000' | timeago}} • Announcement

$TGI signed a long-term agreement with Safran Nacelles to provide thrust reverser cowl opening system (TRCOS) actuators for the engine nacelle on A320neo aircraft. Triumph Integrated Systems will design, develop and supply proprietary actuators to Safran for each nacelle built for the A320neo powered by CFM International LEAP-1A engine offering.

$TGI {{ '2017-07-20T21:16:45+0000' | timeago}} • Announcement

$TGI BoD declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable Sept. 15, 2017 to shareholders of record as of Sept. 1, 2017.

$TGI {{ '2017-05-30T19:08:53+0000' | timeago}} • Announcement

$TGI said it has been selected by $BA to support the V-22 Osprey Multiyear 3 contract, once approved. The contract is expected to be negotiated before the end of 2017 between Bell Boeing and the U.S. Navy. The agreement extends the statement of work $TGI currently has on the V-22 Multiyear 2 contract and also reinstates work.

$TGI {{ '2017-05-24T15:03:35+0000' | timeago}} • Webcast

$TGI won $500MM in competitive awards in 4Q17 and $1.2Bil over FY17. These wins are a mix of short-cycle component and MRO work and longer-cycle systems content. The company ended FY17 at a book-to-bill ratio of 0.97. $TGI’s pipeline remains healthy at $13Bil across 539 active opportunities.

$TGI {{ '2017-05-24T14:53:58+0000' | timeago}} • Webcast

For 4Q17, $TGI’s cash flow from operations was $454MM while free cash flow was almost $500MM driven by divestitures, program deliveries, contract settlements and customer advances. While these advances burn off over the next year or two, $TGI will continue to drive cash from operations in divestitures.

$TGI {{ '2017-05-24T12:35:08+0000' | timeago}} • Announcement

Bombardier Inc. and Triumph Aerostructures, a subsidiary of $TGI, entered into a comprehensive settlement agreement that resolves all outstanding commercial disputes related to the design, manufacture and supply of wing components for Bombardier’s Global 7000 business aircraft. Terms of the settlement were not disclosed.

$TGI {{ '2017-05-24T10:57:57+0000' | timeago}} • Announcement

Based on expected aircraft production rates and divestitures completed in FY17, $TGI expects FY18 revenue of about $3.1-3.2Bil, and will increase in FY19 as development programs enter into production and sales from new wins offset sunsetting programs.

$TGI {{ '2017-05-24T10:55:12+0000' | timeago}} • Announcement

$TGI's sales on an organic basis, excluding the impact of divestitures, for 4Q17 fell 13% from last year. This was primarily due to production rate reductions by customers on the 747-8, C-17 and G450/550 programs, changes in model mix, decreased volume in military end market and foreign exchange rates.

$TGI {{ '2017-05-24T10:53:25+0000' | timeago}} • Announcement

$TGI reported a narrower loss in 4Q17 on lower goodwill impairment charge for Triumph Aerospace Structures. Net loss narrowed to $126.8MM or $2.57 per share from $1.08Bil or $22.01 per share last year. Net sales fell to $919.91MM from $1.06Bil. Excluding impairment charge, EPS was $2.81 for 4Q17.

$TGI {{ '2017-05-22T17:13:35+0000' | timeago}} • Announcement

$TGI signed a new memorandum of agreement (MOA) with $BA. The MOA supports $TGI's participation in $BA's growth platforms within their commercial aircraft, defense programs, and global services market. This expands $TGI's traditional roles in aerospace structures and precision components into the areas of integrated systems and services.

$TGI {{ '2017-04-28T17:46:57+0000' | timeago}} • Announcement

$TGI BoD has declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable June 15, 2017 to shareholders as on June 1, 2017.

$TGI {{ '2017-04-17T21:27:38+0000' | timeago}} • Announcement

$TGI was selected by $BA to supply composite detail and assembly parts for the 787 Dreamliner. Under the contract, Triumph Precision Components – Composites Center of Excellence site in Milledgeville, Georgia, will produce and deliver composite details and assemblies for the 787 section 47/48 fuselage assembled in Charleston, South Carolina.

$TGI {{ '2017-04-11T11:01:43+0000' | timeago}} • Announcement

$TGI will supply gun bodies for BAE Systems’ M777 Howitzer in support of a $15MM contract with the U.S. Department of Defense.

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