Triumph Group Provides COVID-19 Update; Announces $75M in Cost Reductions
Triumph Group, Inc. (TGI)
Last triumph group, inc. earnings: 2/6 06:00 am
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US:NYSE Investor Relations:
ir.triumphgroup.com/investor-overview
Company Research
Source: PR Newswire
BERWYN, Pa., March 18, 2020 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("Triumph" or the "Company") today provided an update on its assessment of the impacts of the coronavirus (COVID-19). While the safety and well-being of its employees and the community it serves remain top priorities for the company, the Company announced certain cost reduction initiatives to align capacity with expected demand and meet our commitments to all stakeholders. To date, there has been no material impact to Triumph's backlog or revenue as a result of COVID-19 and the Company currently anticipates no material impact to results for fiscal year 2020 which ends March 31, 2020. Triumph's diversified product and service offerings across defense, commercial, and international markets lessen the impact of disruptions to any one program or market segment. As of this time, all of Triumph's factories and key suppliers remain operational. While the Company is not aware of any employees who have been confirmed a
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TGI
Earnings
- 2/7/24 - Miss
TGI
Sec Filings
- 5/1/24 - Form 8-K
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- TGI's page on the SEC website