Last $69.37 USD
Change Today +0.31 / 0.45%
Volume 183.2K
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

triumph group inc (TGI) Key Developments

Triumph Group Eyes Acquisitions

Triumph Group, Inc. (NYSE:TGI) intends to make acquisitions. Jeffry Frisby, President and Chief Executive Officer of the company said: “Our adjusted EBITDA of $665 million to $680 million remains intact, and we should have cash available for debt reduction, acquisitions, and share repurchases of approximately $385 million. Although there are certainly challenges ahead, our future remains bright. With that, I'd like to open up the phone lines for questions.” JEFFREY MCRAE, Chief Financial Officer of the company said: I think there's a couple of dynamics, that came into play in our mind. One, as we think of that $135 million, we view it in line with our broader capital and capital generation we are seeing in FY2015, and would look at a balanced approach deployment of that capital. I think we continue to see a very robust pipeline of acquisition opportunities. Obviously, we're also viewing share repurchase favorably as we look at where our share price is right now.”

Triumph Group, Inc. Reports Unaudited Earnings Results for the First Quarter Ended June 30, 2014; Reaffirms Earnings Guidance for the Fiscal Year 2015

Triumph Group, Inc. reported unaudited earnings results for the first quarter ended June 30, 2014. For the quarter, net sales were $896.9 million, a 5% decrease compared to fiscal first quarter 2014 net sales of $943.7 million. Net income was $128.2 million, or $2.46 per diluted share, compared to $79.0 million, or $1.50 per diluted share, for the first quarter of the prior fiscal year. Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) were $134.4 million compared to adjusted EBITDA of $168.1 million in the prior fiscal year's first quarter. Cash flow utilization from operations was $6.8 million before pension contributions of $45.2 million; after these contributions, cash flow utilization from operations was $52.1 million. Operating income was $240,524,000 compared to $141,346,000 a year ago. Capital expenditures were $23,077,000 compared to $56,229,000 a year ago. Based on current projected aircraft production rates and a weighted average share count of 51.6 million shares, the company reaffirmed its fiscal year 2015 revenue guidance of $3.8 billion to $3.9 billion and its full year earnings per share guidance of $5.75 to $5.90 per diluted share, excluding the non-recurring items. The company reaffirmed its adjusted EBITDA guidance for fiscal year 2015 of $665.0 million to $680.0 million, which excludes the impact of non-recurring items, and expects to generate free cash flow available for debt reduction, acquisitions and share repurchases after pension contributions for the fiscal year of approximately $385.0 million. Earnings per share-GAAP expects to be $6.83 to $6.98.

Triumph Group Declares Regular Quarterly Dividend, Payable September 15, 2014

Triumph Group, Inc. 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, 2014 to shareholders of record as of August 29, 2014.

Triumph Group, Inc. to Report Q1, 2015 Results on Jul 30, 2014

Triumph Group, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Jul 30, 2014

Triumph Group, Inc., Q1 2015 Earnings Call, Jul 31, 2014

Triumph Group, Inc., Q1 2015 Earnings Call, Jul 31, 2014

 

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TGI

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Valuation TGI Industry Range
Price/Earnings 14.2x
Price/Sales 1.0x
Price/Book 1.5x
Price/Cash Flow 8.5x
TEV/Sales 0.5x
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