Triumph Group, Inc.

Triumph Group, Inc.

Triumph Group, Inc.

Overview
Date Founded

1993

Headquarters

Corporation Trust Center,1209 Orange Street,Wilmington, DE 19801

Type of Company

Public

Employees (Worldwide)

13.6K

Industries

Aerospace & Defense
Industrial Machinery & Manufacturing

Company Description

Triumph Group, Inc. engages in the design, engineering, manufacture, repair, overhaul, and distribution of aircraft structures, components, accessories, subassemblies, and systems. It operates through the following segments: Integrated Systems, Aerospace Structures, and Product Support. The Integrated Systems segment consists of integrated solutions, including design, development and support of proprietary components, subsystems and systems, as well as production of complex assemblies using external designs. The Aerospace Structures segment supplies commercial, business, regional, and military manufacturers with large metallic and composite structures. The Product Support segment offers full life cycle solutions for commercial, regional, and military aircraft. The company was founded by Richard C. Ill in 1993 and is headquartered in Berwyn, PA.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Chief Accounting Officer, Vice President & Controller

Vice President & Treasurer

Executive Vice President, Integrated Systems

Executive Vice President-Product Support

Executive Vice President, Aerospace Structures

Vice President, Tax & Investor Relations

Vice President, Supply Chain

Board of Directors

Chairman & President at Armed Forces Benefit Association

President & Chief Executive Officer at Triumph Group, Inc.

Managing Director at The Carlyle Group LP (Corporate Private Equity)

Chief Executive Officer at Extrusion Technology Corp. of America

President-Aeroengine Division at SKF USA, Inc.

Managing Partner at Court Square Capital Partners

Former President & Chief Executive Officer at The Valspar Corp.

Former Executive Vice President-Marketing at American Airlines, Inc.

President at The Air Force Association

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Owners & Shareholders
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Maple Rock Capital Partners, Inc. is a private company headquartered in Toronto, ON,, with operations in Cayman Islands. The firm provides investment advice. It was founded in 2014 by Xavier George Majic and Lennard Christopher Kipp. Xavier George Majic has been the CEO since that date.

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Towle & Co. employs a fundamental, deep value investment approach that seeks to achieve above-average capital appreciation. Their deep value investment strategy focuses on identifying and capitalizing on investments the stocks of publicly-traded companies that are undervalued relative to their underlying, intrinsic value. The firm seeks absolute value through investments in primarily small-cap and micro-cap stocks, typically with market-caps less than $2 billion. Towle & Co. tends to invest in the stocks of companies in the financial services, manufacturing, consumer products, retail, transportation and energy sectors. The firm does not invest in companies involved in tobacco, liquor or gaming. They invest mainly in the stocks of US companies. Towle & Co. maintains a low turnover rate.The firm's fundamental investment approach begins with a screen to identify companies with low price-to-book value, low p/e (current or potential) and low price-to-sales ratios.They often invest in companies operating in out-of-favor or consolidating industries that have stagnating or declining stocks prices. Companies should have total debt that is less than the shareholders' equity and possess a strong market position or technological leadership. Companies must also demonstrate the ability to prudently finance their on-going business activities. Towle & Co. seeks to invest in stocks that are selling at less than 6 times the total enterprise value to earnings before interest, taxes, depreciation and amortization expense.To determine upside potential and downside risk, the firm performs a financial evaluation that includes an analysis of historical and current profitability, liquidity, leverage and asset management. this analysis is followed by a review of industry prospects and the company's competitive position. Towle & Co. then projects the company's earnings power, cash flow generating capability and financial condition. They use the private market transaction values and profitability characteristics of comparable companies to determine a company's earnings potential over the next 3 years. To be included in a portfolio, a company's 3 year earnings potential must provide a minimum return on market value of 15%.Sell targets are established for each company in a portfolio. these targets usually represent a 50% to 100% increase from the market value at the time of the initial purchase. An estimate of a company's future earnings potential is determined by assigning a conservative multiple (8 to 13x) to the company's earnings potential in the third year. Sell targets are continuously monitored and are periodically adjusted as business and market conditions change. These period reviews may result in an upward or downward adjustment of the sell target or in the decision to sell the position.

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Walthausen & Co. focuses on providing superior risk-adjusted returns from value investing in small and small/mid-cap equities. They offer services to institutional investors through separately managed accounts and to individuals through mutual funds. Their approach is bottom up and research-driven. They apply a proprietary cash flow and valuation model. This includes a scoring system that identifies stocks which are likely to outperform over the next 2 to 4 years. Walthausen seeks companies that are selling at a discount valuation. Companies should be capable of sustaining ample free cash flow. Management should have an achievable plan for building shareholder value and a track record that suggests they are capable of implementing the strategy.

Recent Transactions
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All Metals Processing of Orange County LLC purchases Triumph Processing-Embee Division, Inc. from Triumph Group, Inc. resulting in a new company Embee Processing

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The Gores Group LLC purchases Triumph Group, Inc. /Aviation Business from Triumph Group, Inc.

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Calspan Holdings LLC purchases Triumph Aerospace Systems-Newport News, Inc. from Triumph Group, Inc. resulting in a new company Calspan Systems Corp.

Insider Transactions
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Advisors & Consultants
Legal Advisor

Shareholder at Greenberg Traurig LLP

Consultant

President at The Triumph Group Operations, Inc.

Legal Advisor

Partner at Covington & Burling LLP

Clients

Lockheed Martin Corp. engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment researches, designs, developst, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in March 1995 and is headquartered in Bethesda, MD.

General Dynamics is a market leader in business aviation; combat vehicles, weapons systems and munitions; shipbuilding and marine systems; and mission-critical information systems and technology. The company was formed in 1952 through the combination of the Electric Boat Company, Consolidated Vultee (CONVAIR) and several others. The company grew organically and through acquisitions until the early 1990s, when they sold many of our defense-related businesses. Starting in the mid-1990s, they began expanding by acquiring combat vehicle-related businesses, additional shipyards, information-technology product and service companies and Gulfstream Aerospace Corporation.

The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, IL.

Key Stats and Financials As of 2018
Market Capitalization
$987M
Total Enterprise Value
$2.65B
Earnings Per Share
$-8.6
Revenue
$3.07B
Net Profit
$-425M
EBITDA
$251M
EBITDAMargin
8.17%
Total Debt
$1.44B
Debt TEV
0.54x
Enterprise Value Sales
0.86x
TEVNet Income
-6.23x
Total Equity
$451M
Enterprise Value EBITDAOperating
10.55x
Three Year Compounded Annual Growth Rate Of Revenue
-7.54%
Five Year Compounded Annual Growth Rate Of Revenue
-3.52%
Suppliers
LMI Aerospace Inc. Aerospace & Defense | St. Charles , MO

LMI Aerospace, Inc. engages in the development and provision of structural assemblies, kits, and components. It operates through the Aerostructures and Engineering Services segments. The Aerostructures segment involves in producing and selling edge assemblies, wing slats, flap skins, helicopter cabin, wing panels, tail cone assemblies, door components, cockpit window frames, and landing light lens. The Engineering Services segment offers designing and offering wingbox, fixed and moveable edges, fuselage, empennage, weight improvement engineering, and aircraft modification. The company was founded in 1948 and is headquartered in St. Charles, MO.

ThyssenKrupp AG Other Transportation | Essen, NW

ThyssenKrupp AG engages in the production of steel. It operates through the following segments: Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe, and Corporate. The Components Technology segment offers components for the automotive, construction, and engineering sectors as well as for the wind turbines. The Elevator Technology segment constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges; and installation. The Industrial Solutions segment is an international supplier in special and large-scale plant construction as well as naval shipbuilding. The Materials Services segment distributes materials and provides complex technical services for the production and manufacturing sectors. The Steel Europe segment involves in the flat carbon steel activities such as materials solutions and finished parts. The Corporate segment refers to the head office; and the performance of processes in accounting, information technology, real estate and human resources, as well as special units for the management of the real estate operations. The company was founded on March 17, 1999 and is headquartered in Essen, Germany.

Hexcel Corp. Industrial Machinery & Manufacturing | Wilmington, DE

Hexcel Corp. engages in the development, manufacture, and market of advanced composite materials for the commercial aerospace, space and defense, and industrial markets. It operates through the following segments: Composite Materials, and Engineered Products. The Composite Materials segment is comprised of carbon fiber; fabrics, multi-axials and specialty reinforcements; prepregs, other fiber-reinforced matrix materials and resins; structural adhesives; honeycomb; and pultruded profiles. The Engineered Products segment consists of composite structures, engineered honeycomb, and HexTool tooling. The company was founded by Roger C. Steele and Roscoe T. Hughes in 1946 and is headquartered in Stamford, CT.

Competitors
Lockheed Martin Corporation Aerospace & Defense - Bethesda, Maryland

Lockheed Martin Corp. engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment researches, designs, developst, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in March 1995 and is headquartered in Bethesda, MD.

General Dynamics Corporation Aerospace & Defense - Falls Church, Virginia

General Dynamics is a market leader in business aviation; combat vehicles, weapons systems and munitions; shipbuilding and marine systems; and mission-critical information systems and technology. The company was formed in 1952 through the combination of the Electric Boat Company, Consolidated Vultee (CONVAIR) and several others. The company grew organically and through acquisitions until the early 1990s, when they sold many of our defense-related businesses. Starting in the mid-1990s, they began expanding by acquiring combat vehicle-related businesses, additional shipyards, information-technology product and service companies and Gulfstream Aerospace Corporation.

General Electric Company Power & Utilities - CINCINNATI, OH

General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through eight segments: Power, Oil & Gas, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital. The Power segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. The Transportation segment engages in global technology and supplier to the railroad, mining, marine and drilling industries. The Appliances & Lighting segment products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The company was founded by Thomas A. Edison in 1878 and is headquartered in Boston, MA.

Awards & Honors
Rank #605
2016
Fortune Magazine - Fortune 1000 Companies
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