Intrinsic value of Triumph Group - TGI

Previous Close

$20.34

  Intrinsic Value

$12.58

stock screener

  Rating & Target

sell

-38%

Previous close

$20.34

 
Intrinsic value

$12.58

 
Up/down potential

-38%

 
Rating

sell

We calculate the intrinsic value of TGI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  6.60
  6.44
  6.30
  6.17
  6.05
  5.94
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
  5.22
  5.19
  5.18
  5.16
  5.14
  5.13
  5.11
  5.10
  5.09
  5.08
  5.08
Revenue, $m
  3,410
  3,630
  3,858
  4,096
  4,344
  4,602
  4,871
  5,152
  5,445
  5,751
  6,071
  6,405
  6,754
  7,119
  7,501
  7,901
  8,320
  8,758
  9,217
  9,698
  10,201
  10,729
  11,283
  11,863
  12,471
  13,109
  13,778
  14,480
  15,216
  15,988
Variable operating expenses, $m
  3,328
  3,535
  3,751
  3,975
  4,209
  4,453
  4,707
  4,972
  5,248
  5,537
  5,729
  6,044
  6,373
  6,718
  7,078
  7,456
  7,851
  8,264
  8,697
  9,151
  9,626
  10,124
  10,646
  11,194
  11,768
  12,370
  13,001
  13,663
  14,358
  15,086
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  3,328
  3,535
  3,751
  3,975
  4,209
  4,453
  4,707
  4,972
  5,248
  5,537
  5,729
  6,044
  6,373
  6,718
  7,078
  7,456
  7,851
  8,264
  8,697
  9,151
  9,626
  10,124
  10,646
  11,194
  11,768
  12,370
  13,001
  13,663
  14,358
  15,086
Operating income, $m
  82
  95
  108
  121
  135
  150
  165
  181
  197
  214
  342
  361
  381
  402
  423
  446
  469
  494
  520
  547
  575
  605
  636
  669
  703
  739
  777
  817
  858
  902
EBITDA, $m
  315
  335
  357
  379
  401
  425
  450
  476
  503
  532
  561
  592
  624
  658
  693
  730
  769
  809
  852
  896
  943
  992
  1,043
  1,096
  1,153
  1,212
  1,273
  1,338
  1,406
  1,478
Interest expense (income), $m
  73
  108
  125
  142
  160
  179
  198
  219
  240
  262
  285
  309
  334
  361
  388
  417
  447
  478
  511
  546
  582
  620
  659
  701
  745
  790
  838
  888
  941
  996
  1,054
Earnings before tax, $m
  -26
  -30
  -34
  -39
  -44
  -49
  -54
  -59
  -65
  -71
  33
  27
  20
  14
  6
  -1
  -9
  -17
  -26
  -35
  -44
  -54
  -65
  -76
  -87
  -99
  -111
  -124
  -138
  -153
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  9
  7
  6
  4
  2
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -26
  -30
  -34
  -39
  -44
  -49
  -54
  -59
  -65
  -71
  24
  20
  15
  10
  5
  -1
  -9
  -17
  -26
  -35
  -44
  -54
  -65
  -76
  -87
  -99
  -111
  -124
  -138
  -153

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,060
  4,321
  4,593
  4,876
  5,171
  5,479
  5,799
  6,134
  6,483
  6,847
  7,227
  7,625
  8,041
  8,476
  8,930
  9,406
  9,904
  10,426
  10,972
  11,545
  12,145
  12,773
  13,432
  14,122
  14,847
  15,606
  16,402
  17,238
  18,114
  19,033
Adjusted assets (=assets-cash), $m
  4,060
  4,321
  4,593
  4,876
  5,171
  5,479
  5,799
  6,134
  6,483
  6,847
  7,227
  7,625
  8,041
  8,476
  8,930
  9,406
  9,904
  10,426
  10,972
  11,545
  12,145
  12,773
  13,432
  14,122
  14,847
  15,606
  16,402
  17,238
  18,114
  19,033
Revenue / Adjusted assets
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
  0.840
Average production assets, $m
  1,572
  1,673
  1,779
  1,888
  2,003
  2,122
  2,246
  2,375
  2,510
  2,651
  2,799
  2,953
  3,114
  3,282
  3,458
  3,642
  3,835
  4,037
  4,249
  4,471
  4,703
  4,946
  5,201
  5,469
  5,749
  6,043
  6,352
  6,675
  7,014
  7,371
Working capital, $m
  972
  1,034
  1,100
  1,167
  1,238
  1,312
  1,388
  1,468
  1,552
  1,639
  1,730
  1,825
  1,925
  2,029
  2,138
  2,252
  2,371
  2,496
  2,627
  2,764
  2,907
  3,058
  3,216
  3,381
  3,554
  3,736
  3,927
  4,127
  4,337
  4,557
Total debt, $m
  1,662
  1,893
  2,133
  2,383
  2,643
  2,914
  3,197
  3,492
  3,799
  4,121
  4,456
  4,807
  5,174
  5,557
  5,958
  6,378
  6,818
  7,278
  7,759
  8,264
  8,793
  9,348
  9,929
  10,538
  11,176
  11,846
  12,549
  13,285
  14,058
  14,869
Total liabilities, $m
  3,581
  3,811
  4,051
  4,301
  4,561
  4,832
  5,115
  5,410
  5,718
  6,039
  6,375
  6,725
  7,092
  7,475
  7,877
  8,296
  8,736
  9,196
  9,678
  10,183
  10,711
  11,266
  11,847
  12,456
  13,095
  13,764
  14,467
  15,204
  15,977
  16,787
Total equity, $m
  479
  510
  542
  575
  610
  646
  684
  724
  765
  808
  853
  900
  949
  1,000
  1,054
  1,110
  1,169
  1,230
  1,295
  1,362
  1,433
  1,507
  1,585
  1,666
  1,752
  1,842
  1,935
  2,034
  2,137
  2,246
Total liabilities and equity, $m
  4,060
  4,321
  4,593
  4,876
  5,171
  5,478
  5,799
  6,134
  6,483
  6,847
  7,228
  7,625
  8,041
  8,475
  8,931
  9,406
  9,905
  10,426
  10,973
  11,545
  12,144
  12,773
  13,432
  14,122
  14,847
  15,606
  16,402
  17,238
  18,114
  19,033
Debt-to-equity ratio
  3.470
  3.710
  3.940
  4.140
  4.330
  4.510
  4.670
  4.820
  4.970
  5.100
  5.230
  5.340
  5.450
  5.560
  5.650
  5.750
  5.830
  5.920
  5.990
  6.070
  6.140
  6.200
  6.260
  6.320
  6.380
  6.430
  6.480
  6.530
  6.580
  6.620
Adjusted equity ratio
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118
  0.118

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -26
  -30
  -34
  -39
  -44
  -49
  -54
  -59
  -65
  -71
  24
  20
  15
  10
  5
  -1
  -9
  -17
  -26
  -35
  -44
  -54
  -65
  -76
  -87
  -99
  -111
  -124
  -138
  -153
Depreciation, amort., depletion, $m
  233
  241
  249
  258
  267
  276
  285
  296
  306
  317
  219
  231
  243
  256
  270
  285
  300
  315
  332
  349
  367
  386
  406
  427
  449
  472
  496
  521
  548
  576
Funds from operations, $m
  207
  211
  215
  219
  223
  227
  232
  236
  241
  247
  243
  250
  258
  266
  275
  283
  291
  298
  306
  314
  323
  332
  342
  352
  362
  373
  385
  397
  410
  423
Change in working capital, $m
  60
  63
  65
  68
  71
  74
  77
  80
  84
  87
  91
  95
  100
  104
  109
  114
  119
  125
  131
  137
  144
  150
  158
  165
  173
  182
  191
  200
  210
  220
Cash from operations, $m
  147
  148
  149
  151
  152
  154
  155
  156
  158
  159
  152
  155
  159
  162
  166
  169
  171
  173
  175
  177
  179
  182
  184
  186
  189
  191
  194
  197
  200
  203
Maintenance CAPEX, $m
  -115
  -123
  -131
  -139
  -148
  -156
  -166
  -175
  -186
  -196
  -207
  -219
  -231
  -243
  -256
  -270
  -285
  -300
  -315
  -332
  -349
  -367
  -386
  -406
  -427
  -449
  -472
  -496
  -521
  -548
New CAPEX, $m
  -98
  -101
  -105
  -110
  -114
  -119
  -124
  -129
  -135
  -141
  -147
  -154
  -161
  -168
  -176
  -184
  -193
  -202
  -212
  -222
  -232
  -243
  -255
  -267
  -280
  -294
  -308
  -323
  -339
  -356
Cash from investing activities, $m
  -213
  -224
  -236
  -249
  -262
  -275
  -290
  -304
  -321
  -337
  -354
  -373
  -392
  -411
  -432
  -454
  -478
  -502
  -527
  -554
  -581
  -610
  -641
  -673
  -707
  -743
  -780
  -819
  -860
  -904
Free cash flow, $m
  -66
  -76
  -87
  -98
  -110
  -122
  -135
  -149
  -163
  -178
  -203
  -217
  -233
  -249
  -267
  -285
  -306
  -328
  -352
  -376
  -402
  -429
  -458
  -487
  -519
  -552
  -586
  -623
  -661
  -701
Issuance/(repayment) of debt, $m
  224
  231
  240
  250
  260
  271
  283
  295
  308
  321
  336
  351
  367
  383
  401
  420
  439
  460
  482
  505
  529
  554
  581
  609
  639
  670
  702
  737
  773
  811
Issuance/(repurchase) of shares, $m
  54
  61
  67
  72
  79
  85
  92
  99
  106
  114
  21
  27
  34
  41
  49
  57
  68
  79
  90
  103
  115
  128
  142
  157
  172
  188
  205
  223
  242
  261
Cash from financing (excl. dividends), $m  
  278
  292
  307
  322
  339
  356
  375
  394
  414
  435
  357
  378
  401
  424
  450
  477
  507
  539
  572
  608
  644
  682
  723
  766
  811
  858
  907
  960
  1,015
  1,072
Total cash flow (excl. dividends), $m
  212
  216
  220
  224
  229
  234
  239
  245
  251
  257
  154
  161
  168
  175
  184
  192
  201
  211
  221
  231
  242
  254
  266
  279
  292
  306
  321
  337
  354
  371
Retained Cash Flow (-), $m
  -54
  -61
  -67
  -72
  -79
  -85
  -92
  -99
  -106
  -114
  -45
  -47
  -49
  -51
  -54
  -57
  -68
  -79
  -90
  -103
  -115
  -128
  -142
  -157
  -172
  -188
  -205
  -223
  -242
  -261
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  158
  155
  153
  152
  151
  149
  148
  146
  145
  143
  109
  114
  119
  124
  130
  135
  133
  132
  130
  128
  127
  125
  123
  122
  120
  118
  116
  114
  112
  110
Discount rate, %
  12.30
  12.92
  13.56
  14.24
  14.95
  15.70
  16.48
  17.31
  18.17
  19.08
  20.04
  21.04
  22.09
  23.19
  24.35
  25.57
  26.85
  28.19
  29.60
  31.08
  32.64
  34.27
  35.98
  37.78
  39.67
  41.65
  43.73
  45.92
  48.22
  50.63
PV of cash for distribution, $m
  141
  121
  105
  89
  75
  62
  51
  41
  32
  25
  15
  11
  9
  7
  5
  4
  2
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  94.9
  89.9
  84.9
  80.2
  75.6
  71.2
  67.0
  62.9
  59.1
  55.4
  54.8
  54.0
  53.1
  52.1
  51.0
  49.8
  48.5
  47.1
  45.6
  44.0
  42.4
  40.8
  39.2
  37.5
  35.9
  34.2
  32.6
  31.0
  29.5
  27.9

Triumph Group, Inc. designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.

FINANCIAL RATIOS  of  Triumph Group (TGI)

Valuation Ratios
P/E Ratio -23.4
Price to Sales 0.3
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 3.6
Price to Free Cash Flow 4.4
Growth Rates
Sales Growth Rate -9.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -35%
Cap. Spend. - 3 Yr. Gr. Rate -24.1%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 122.3%
Total Debt to Equity 141.4%
Interest Coverage 1
Management Effectiveness
Return On Assets 1.9%
Ret/ On Assets - 3 Yr. Avg. -3.8%
Return On Total Capital -2%
Ret/ On T. Cap. - 3 Yr. Avg. -10.4%
Return On Equity -4.8%
Return On Equity - 3 Yr. Avg. -20.8%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 23.9%
Gross Margin - 3 Yr. Avg. 17.1%
EBITDA Margin 6.4%
EBITDA Margin - 3 Yr. Avg. -0.7%
Operating Margin 1.6%
Oper. Margin - 3 Yr. Avg. -5.1%
Pre-Tax Margin -0.7%
Pre-Tax Margin - 3 Yr. Avg. -7.2%
Net Profit Margin -1.2%
Net Profit Margin - 3 Yr. Avg. -7.3%
Effective Tax Rate -79.2%
Eff/ Tax Rate - 3 Yr. Avg. -12.7%
Payout Ratio -18.6%

TGI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TGI stock intrinsic value calculation we used $3198.951 million for the last fiscal year's total revenue generated by Triumph Group. The default revenue input number comes from 0001 income statement of Triumph Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TGI stock valuation model: a) initial revenue growth rate of 6.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 12.3%, whose default value for TGI is calculated based on our internal credit rating of Triumph Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Triumph Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TGI stock the variable cost ratio is equal to 97.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for TGI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7.5% for Triumph Group.

Corporate tax rate of 27% is the nominal tax rate for Triumph Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TGI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TGI are equal to 46.1%.

Life of production assets of 12.8 years is the average useful life of capital assets used in Triumph Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TGI is equal to 28.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $450.534 million for Triumph Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 49.812 million for Triumph Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Triumph Group at the current share price and the inputted number of shares is $1.0 billion.

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COMPANY NEWS

▶ [$$] Chris Kraus: Im reaching out to people   [Nov-08-18 08:17PM  Financial Times]
▶ DFW units of Lockheed Martin, Boeing score big contracts   [03:15PM  American City Business Journals]
▶ Triumph Group: Fiscal 2Q Earnings Snapshot   [06:32AM  Associated Press]
▶ Triumph Secures Contract for G500/G600 Fuselage Frames   [Nov-06-18 05:08PM  Business Wire]
▶ Frank Dubey Joins Triumph Group as EVP, Integrated Systems   [Nov-01-18 11:07AM  Business Wire]
▶ [$$] India signs $5bn Russian missile deal during Putin visit   [Oct-05-18 06:02AM  Financial Times]
▶ Publicly-traded Triumph Group hires new general counsel   [04:00PM  American City Business Journals]
▶ Jennifer Allen Joins Triumph Group as General Counsel   [Sep-24-18 12:38PM  Business Wire]
▶ Texas jumps several states, now ranks No. 2 for its aerospace market   [Sep-12-18 07:35AM  American City Business Journals]
▶ Triumph Appoints New VP of FP&A and Investor Relations   [Sep-04-18 10:58AM  Business Wire]
▶ Triumph Group: Fiscal 1Q Earnings Snapshot   [06:09AM  Associated Press]
▶ Triumph Group Declares Quarterly Dividend   [12:24PM  Business Wire]
▶ Contract Extension Keeps Triumph on F-35 Blocker Doors   [Aug-02-18 05:05PM  Business Wire]
▶ Triumph Expands Military Nacelle MRO Support   [Jun-28-18 05:01PM  Business Wire]
▶ [$$] The Add-On Deal Roundup: May 15   [May-15-18 06:05PM  The Wall Street Journal]
▶ Triumph Group Announces Update on Divestiture Progress   [May-14-18 05:30PM  Business Wire]
▶ Triumph Group: Fiscal 4Q Earnings Snapshot   [May-10-18 06:20AM  Associated Press]
▶ Boeing Close To Buying Aerospace Supplier KLX: Report   [Apr-27-18 04:15PM  Investor's Business Daily]
▶ Triumph Group Declares Quarterly Dividend   [Apr-23-18 04:14PM  Business Wire]
▶ Costly former Spirit AeroSystems program moving home to Gulfstream   [Apr-17-18 02:44PM  American City Business Journals]
▶ Boeing Taps Triumph for Aftermarket Service Support in Asia   [Feb-07-18 07:00PM  Business Wire]
▶ Triumph Group Declares Quarterly Dividend   [01:17PM  Business Wire]
▶ Triumph Group reports 3Q loss   [Feb-01-18 06:21AM  Associated Press]
▶ Five things to watch for in Boeing's financial results   [Jan-24-18 06:10PM  American City Business Journals]
▶ Triumph Partners with Boeing to Expand 767 Production Role   [Jan-22-18 04:08PM  Business Wire]
▶ Triumph Group Announces Appointment of Two New Directors   [Jan-16-18 04:21PM  Business Wire]

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