RADNOR,
Pa., Nov. 3, 2024 /PRNewswire/ -- Triumph
Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today announced
that, as a result of a recent and favorable settlement with Boeing
Commercial Airplanes related to pricing on its Interiors contracts,
TRIUMPH will delay the issuance of
its second quarter of fiscal 2025 results and investor conference
call previously scheduled for Monday,
November 4, 2024 to Tuesday, November
12, 2024 at 8:30 a.m. ET, as
additional time is required to finalize the accounting for this
Interiors contract. Based on this agreement, TRIUMPH expects to update its fiscal year 2025
guidance.
About TRIUMPH
TRIUMPH, headquartered in
Radnor, Pennsylvania, designs,
develops, manufactures, repairs and provided spare parts across a
broad portfolio of aerospace and defense systems and components.
The Company serves the global aviation industry, including original
equipment manufacturers and the full spectrum of military and
commercial aircraft operators.
More information about TRIUMPH
can be found on the Company's website at www.triumphgroup.com.
Forward Looking Statements
Statements in this release which are not historical facts are
forward-looking statements under the provisions of the Private
Securities Litigation Reform Act of 1995, including statements of
expectations of or assumptions about guidance, financial and
operational performance, revenues, earnings per share, cash flow or
use, cost savings, operational efficiencies and organizational
restructurings and our evaluation of potential adjustments to
reported amounts, as described above. All forward-looking
statements involve risks and uncertainties which could affect the
Company's actual results and could cause its actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of, the Company. Further
information regarding the important factors that could cause actual
results to differ from projected results can be found in Triumph
Group's reports filed with the SEC, including our Annual Report on
Form 10-K for the fiscal year ended March
31, 2024.
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SOURCE Triumph Group
