Key Developments: Triumph Group Inc (TGI)

TGI on New York Consolidated

65.83USD
23 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Triumph Group declares quarterly dividend
Monday, 21 Jul 2014 03:08pm EDT 

Triumph Group Inc:Declares a regular quarterly dividend of $0.04 per share.Payable Sept. 15 to shareholders of record as of Aug. 29.  Full Article

Triumph Group announces acquisition of GE Aviation Hydraulic Actuation Business
Monday, 30 Jun 2014 10:07am EDT 

Triumph Group Inc:Completes the previously announced acquisition of the hydraulic actuation business of GE Aviation.Acquired business will operate as Triumph Actuation Systems-Yakima and Triumph Actuation Systems- UK & IOM.Purchase price was about $70 mln.  Full Article

Triumph Group Inc announces settlement of all litigation with Eaton Corporation
Wednesday, 18 Jun 2014 05:22pm EDT 

Triumph Group Inc:Says settlement of all pending litigation involving the company and its subsidiary, Triumph Actuation Systems Clemmons, LLC, and Eaton Corporation and certain of its subsidiaries.As part of the settlement, Eaton has agreed to pay Triumph $135,300,000 in cash.  Full Article

Triumph Group raises FY 2015 revenue guidance; gives FY 2015 EBITDA guidance below analysts' estimates ; lowers FY 2015 EPS guidance - Conference Call
Wednesday, 11 Jun 2014 09:00am EDT 

Triumph Group Inc:Projects FY 2015 revenue of between $3.8 to $3.9 bln.Expects FY 2015 adjusted EBITDA is to be $665 to $680 mln.Updates on FY 2015 GAAP earnings per share to reflect the changes to $5.17 to $5.32.FY 2015 revenue of $3.8 bln, EBITDA of $689 mln and EPS of $5.73 - Thomson Reuters I/B/E/S.  Full Article

Triumph Group Inc announces agreement to acquire GE Aviation Hydraulic Actuation business
Tuesday, 27 May 2014 12:30pm EDT 

Triumph Group Inc:Enters into definitive agreement to acquire the hydraulic actuation business of GE Aviation.GE's hydraulic actuation business consists of three facilities located in Yakima, Washington, Cheltenham, England and the Isle of Man and will be included in the Aerospace Systems Group.Purchase price will be about $70 mln.Expects to close in current fiscal quarter.  Full Article

Triumph Group Inc gives FY 2015 outlook in line with analysts' estimates - Conference Call
Thursday, 8 May 2014 08:30am EDT 

Triumph Group Inc:Expects FY 2015 revenue in the range of 3.7-$3.8 bln.Expects FY 2015 earnings per share excluding nonrecurring costs related to Red Oak start up taken out 2018 notes as previously discussed be in the range of $5.65-$5.75 per share.FY 2015 revenue of $3.8 bln, EPS of $5.72 - Thomson Reuters I/B/E/S.  Full Article

Triumph Group declares quarterly dividend
Tuesday, 29 Apr 2014 02:14pm EDT 

Triumph Group Inc:Declares a regular quarterly dividend of $0.04 per share.Payable June 15 to shareholders of record as of May 30.  Full Article

Triumph Group Inc announces five million share repurchase program
Tuesday, 25 Feb 2014 05:00pm EST 

Triumph Group Inc:Authorized a new 5,000,000 share repurchase program.Expects to use the new program to repurchase outstanding shares of its common stock, subject to market conditions.Says it has 500,200 shares remaining on its prior February 2008 authorization, bringing the total amount authorized for repurchases to 5,500,200 shares.Under the program, the company may repurchase shares from time to time for cash in open market transactions or by other means in accordance with applicable federal securities laws.  Full Article

Triumph Group Inc declares dividend
Wednesday, 12 Feb 2014 05:07pm EST 

Triumph Group Inc:Says the Board has declared a regular quarterly dividend of $0.04 per share on its outstanding common stock.Says the dividend is payable on Mar. 15 to shareholders of record as of Feb. 28.  Full Article

Triumph Group Inc announces Jeffrey L. McRae elected Senior Vice President and Chief Financial Officer
Wednesday, 12 Feb 2014 05:05pm EST 

Triumph Group Inc:Says Jeffrey L. McRae had been elected Senior Vice President and Chief Financial Officer in accordance with a previously announced transition.Says Jeffrey L. McRae succeeds M. David Kornblatt, who has assumed new duties with the company as Director of Corporate Development.  Full Article

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