Triumph Group Inc.
 (TGI)

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  • Fri, Feb. 5, 11:13 AM
    • Triumph (NYSE:TGI) declares $0.04/share quarterly dividend, in line with previous.
    • Forward yield 0.59%
    • Payable March 15; for shareholders of record March 1; ex-div Feb. 26.
    | Fri, Feb. 5, 11:13 AM
  • Thu, Jan. 28, 6:04 AM
    • Triumph (NYSE:TGI): FQ3 EPS of $1.39 beats by $0.01.
    • Revenue of $913.87M (-0.4% Y/Y) misses by $44.22M.
    • Press Release
    | Thu, Jan. 28, 6:04 AM
  • Wed, Jan. 27, 5:30 PM
    | Wed, Jan. 27, 5:30 PM | 18 Comments
  • Fri, Jan. 22, 8:00 AM
    • Triumph Group (NYSE:TGI) is aware that Boeing will lower the production rate on the 747-8 program to match supply with near-term demand in the cargo market.
    • While the company is assessing the impact of the rate reduction, Triumph says it's too premature to speculate about the impacts of the move.
    • SEC Form 8-K
    • Previously: Boeing to cut back 747 production, take charge (Jan. 21 2016)
    | Fri, Jan. 22, 8:00 AM
  • Dec. 31, 2015, 11:33 AM
    • Canaccord Genuity's Ken Herbert is expecting a positive year (and another in 2016) for aerospace and defense stocks, with a look at the commercial OE cycle pointing to strong ratios and an election year boosting prospects.
    • He sees a book-to-bill of about 1.4 based on commercial transport orders of about 1,900 this year, and a book-to-bill over 1 again in 2016.
    • Since 1992, Herbert notes, defense stocks have outperformed the broad market by 17% in election years.
    • Heading into next year, his top stock is Spirit AeroSystems Holdings (SPR +0.6%), which he says is further along in restructuring and cost control than peers; he rates it Buy with a $70 price target (42% upside).
    • Overall, the firm feels positive defense sentiment bodes best for Rockwell Collins (COL -1.3%; 14% upside in $105 target), Boeing (BA -1%; 14% upside in $165 target), Esterline Technologies (ESL -1.3%; 36% upside in $110 target) and Triumph Group (TGI -0.7%; 36% upside in $54 target).
    • An increase in aircraft maintenance spending would most benefit TransDigm Group (TDG -0.2%) and Heico (HEI -0.7%). Meanwhile, Rockwell Collins, Esterline, Triumph, B/E Aerospace (BEAV -1.1%) and Ducommun (DCO -0.6%) will be launching or accelerating restructurings in the coming year.
    | Dec. 31, 2015, 11:33 AM
  • Dec. 29, 2015, 12:45 PM
    | Dec. 29, 2015, 12:45 PM
  • Dec. 29, 2015, 10:47 AM
    • Cowen has upgraded Triumph Group (TGI +13.7%) to Market Perform from Underperform and lowered its price target on the stock to $37 from $40.
    • Analyst Cai von Rumohr said recruiting Dan Crowley as CEO is a solid hire and brings Triumph a seasoned A&D executive with a strong track record of operational success. The analyst also noted that TGI shares appear "washed out."
    • Previously: New chief at Triumph Group (Dec. 29 2015)
    | Dec. 29, 2015, 10:47 AM
  • Dec. 29, 2015, 7:07 AM
    • Triumph Group (NYSE:TGI) appoints Daniel J. Crowley as President & CEO effective January 4, succeeding founder Richard Ill. He joins the firm from Raytheon, where he ran two of its businesses.
    | Dec. 29, 2015, 7:07 AM | 4 Comments
  • Nov. 13, 2015, 4:23 PM
    • Triumph (NYSE:TGI) declares $0.04/share quarterly dividend, in line with previous.
    • Forward yield 0.41%
    • Payable Dec. 15; for shareholders of record Dec. 1; ex-div Nov. 27.
    | Nov. 13, 2015, 4:23 PM
  • Oct. 28, 2015, 6:04 AM
    • Triumph (NYSE:TGI): Q3 EPS of $1.32 beats by $0.05.
    • Revenue of $954.8M (-4.0% Y/Y) misses by $33.11M.
    | Oct. 28, 2015, 6:04 AM
  • Oct. 27, 2015, 5:30 PM
  • Oct. 21, 2015, 9:31 AM
    • Triumph Group (TGI) announces the acquisition of Fairchild Controls Corporation, a provider of thermal management and auxiliary power systems.
    • The business is expected to add approximately $45M in annual revenue and to be immediately accretive to earnings.
    | Oct. 21, 2015, 9:31 AM
  • Jul. 29, 2015, 6:02 AM
    • Triumph (NYSE:TGI): FQ1 EPS of $1.31 misses by $0.03.
    • Revenue of $959.64M (+7.0% Y/Y) misses by $3.56M.
    | Jul. 29, 2015, 6:02 AM
  • Jul. 17, 2015, 1:52 PM
    • Triumph (NYSE:TGI) declares $0.04/share quarterly dividend, in line with previous.
    • Forward yield 0.25%
    • Payable Sept. 15; for shareholders of record Sept. 1; ex-div Aug. 28.
    | Jul. 17, 2015, 1:52 PM
  • Jul. 14, 2015, 7:40 PM
    • The commercial aerospace segment still provides opportunities for double-digit gains over the next 18 months, as the "aero cycle has legs," J.P. Morgan analyst Seth Seifman says, initiating coverage of Boeing (NYSE:BA) and several peers with Overweight ratings.
    • Boeing’s cash flow outlook has been controversial, but Seifman views 787 unit cost reduction as a powerful driver that can push free cash flow to $9.1B in 2017, 44% above 2015 estimates with potential for growth beyond; Seifman sees the precedent Boeing set by returning $8B of cash last year as a signal of confidence in future cash flow.
    • General Dynamics' (NYSE:GD) balance sheet might drive upside, while Lockheed Martin (NYSE:LMT) could use its financial strength to create value, but Northrop Grumman (NYSE:NOC) is started at Underweight, as the analyst sees "fewer arrows left in the quiver" and expectations may be too high following recent outperformance in its shares.
    • Initiated at Overweight along with Boeing: GD, LMT, SPR, TDG.
    • Started at Neutral: BEAV, COL, PCP, TGI, TXT, HRS, LLL
    • Earlier: JPMorgan initiates coverage on several aerospace plays
    | Jul. 14, 2015, 7:40 PM | 7 Comments
  • Jul. 14, 2015, 12:27 PM
    • Triumph Group (TGI -2.1%) is downgraded to Sell from Neutral with a $58 price target, down from $61, at UBS, which does not think the stock is as cheap as it appears given a challenging growth outlook.
    • UBS says TGI appears attractive on valuation, but notes that a significant portion of the company's earnings are non-cash, principally amortization of contract liabilities and pension income.
    • The firm expects a difficult growth profile with a likely delay for the Global 7000 and 8000, one of TGI's few growth opportunities, and it sees free cash flow well below net income for the next several years on Gulfstream, 747-8 and increasing cash taxes.
    | Jul. 14, 2015, 12:27 PM | 1 Comment
Company Description
Triumph Group Inc designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.