Triumph Group, Inc. (TGI) News
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TGI News Highlights
- TGI's 30 day story count now stands at 12.
- Over the past 20 days, the trend for TGI's stories per day has been choppy and unclear. It has oscillated between 1 and 5.
- The most mentioned tickers in articles about TGI are ACHR, APOG and AVAV.
Latest TGI News From Around the Web
Below are the latest news stories about TRIUMPH GROUP INC that investors may wish to consider to help them evaluate TGI as an investment opportunity.
Triumph Group (TGI)'s Technical Outlook is Bright After Key Golden CrossIs it a good or bad thing when a stock experiences a golden cross technical event? |
5 Defense Stocks That Could Keep Winning Streaks Alive in 2024Companies in the Zacks Aerospace sector, which houses the defense stocks, are expected to record annual earnings growth of 32.3% on 8.2% sales growth in 2024. You may buy ACHR, AVAV, RYCEY, TDG and TGI. |
Triumph Group (TGI) to Sell Product-Support Business for $725MTriumph Group (TGI) is set to benefit from the divestiture of its Product Support business through debt reduction and better capital allocation. |
Triumph Group (TGI) Soars 32.9%: Is Further Upside Left in the Stock?Triumph Group (TGI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. |
Company News for Dec 22, 2023Companies In The Article Are:TGI,AIR,CCL,CTAS,APOG |
Dow, Nasdaq Back Up Again As Treasury Yields TumbleThough the major indexes yesterday came back down to earth, snapping impressive win streaks amid a selloff, they are on their way up again this afternoon. |
Why Triumph Group Stock Is Soaring to the Clouds TodayThe company's transformation is picking up speed. |
Aerospace supplier Triumph to sell its components aftermarket business for $725 mlnAerospace supplier Triumph Group said on Thursday it would sell its components aftermarket business that makes structures, airframes and engine accessories to AAR Corp for $725 million, sending its shares up by 23.7% in early trading. The move will help Triumph, which counts Boeing and Airbus as customers, to cut down debt and focus on its key business of making aircraft parts, spares and intellectual property-based aftermarket businesses. Pennsylvania-based Triumph has been working to strengthen its balance sheet and improve cash flow as suppliers ramp up production buoyed by robust demand for commercial jets as air travel rebounds post-pandemic. |
AAR announces agreement to acquire Triumph Group's Product Support business, a leading provider of MRO services to the global aviation aftermarketAAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has entered into a definitive agreement with Triumph Group (NYSE: TGI) to purchase Triumph Product Support for $725 million in cash. As part of the transaction, AAR expects to receive estimated tax benefits with a present value of approximately $80 million. Including the estimated tax benefits, the effective purchase price multiple is expected to be 11.7x FY2024 EBITDA and 9.9x |
TRIUMPH ANNOUNCES SALE OF PRODUCT SUPPORT BUSINESS TO AARTriumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has entered into a definitive agreement with AAR CORP. (NYSE: AIR) to sell its Product Support business. The transaction is valued at $725 million, representing a 14.5x trailing 12 months Adjusted EBITDAP multiple as of September 30, 2023. The primary intended use of proceeds from the transaction is debt reduction. The net after-tax proceeds are expected to be approximately $700 million, resulting in pro forma n |