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Triumph Group

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BUSINESS
April 24, 2012 | Michael Armstrong
Few CEOs get to hold on to their job for more than a decade. Fewer still preside over the growth of a corporation like that experienced by Triumph Group Inc. since 1993. Richard C. Ill took cast-off businesses from a Philadelphia-area conglomerate once called Alco Standard Corp. in 1993 and turned Berwyn-based Triumph into a major supplier of aircraft components. On Monday, Triumph announced that Ill would retire as CEO as of July 19, the same day the company will hold its annual shareholders meeting.
BUSINESS
March 19, 1998 | By Tom Belden, INQUIRER STAFF WRITER
You might call this a story of manufacturing triumph. It's a tale of how, in a national economy that sometimes seems dominated by the export of industrial production jobs, a Philadelphia-area company is prospering at home by making and fixing things made of metal. Triumph Group Inc., based in Wayne, is a holding company that over the last three years has seen its sales and profits soar. It's done that primarily by assembling a galaxy of small businesses that make or fix parts for airplanes - an industry that's subject to big economic swings but is trending up. From $60 million in aircraft-related sales in 1993, Triumph Group's aviation revenues will grow to an estimated $240 million in the fiscal year that ends March 31, with acquisitions and internal growth both contributing to the climb.
BUSINESS
July 27, 2000 | By Rosland Briggs-Gammon, INQUIRER STAFF WRITER
For almost two years, Triumph Group Inc.'s sales growth has come from its acquisitions. But yesterday, fiscal first-quarter earnings showed that Triumph's existing companies finally are bringing in more business. For the first time in six quarters, the Wayne company reported a 1 percent sales increase at its existing companies - that is, excluding the results from acquisitions made since June 1999. The increase was for the company's first quarter 2001, which ended June 30, compared with the same period last year.
NEWS
March 19, 2013 | By Reid Kanaley, INQUIRER STAFF WRITER
Berwyn aircraft parts maker Triumph Group Inc. completed its purchase of United Technologies Corp.'s Goodrich Pump & Control Systems unit for an undisclosed sum, the companies said. The sale was a divestiture required by regulatory authorities as a condition of United Technologies' purchase of Goodrich Corp. That 2011 deal was valued then at $18.4 billion. Triumph had said the unit acquisition will add 530 employees and about $195 million in annual revenue.
NEWS
May 24, 2010
Triumph Group said Monday that the waiting period required by federal law for the Wayne company's proposed takeover of Vought Aircraft Industries Inc. has been ended early. The Federal Trade Commission completed its antitrust review of the $984 million deal and ended the waiting period required by the Hart-Scott-Rodino Act, Triumph said. The deal was announced in March, and Triumph said it expects the takeover to be completed in June. Vought, of Dallas, makes aircraft parts, as does Triumph.
NEWS
May 21, 2011
A headline for a "BriefCase" item Friday about the sale of Triumph Group shares incorrectly said the Carlyle Group was buying the shares. Carlyle is selling them. The Inquirer wants its news report to be fair and correct in every respect, and regrets when it is not. If you have a question or comment about news coverage, contact assistant managing editor David Sullivan (215-854-2357) at The Inquirer, Box 8263, Philadelphia 19101, or e-mail dsullivan@phillynews.com .
NEWS
June 9, 2011
Triumph Group Inc. today announced a two-for-one split of its common stock. The split will be effective July 14 for shareholders as of June 22. Shares of the Wayne manufacturer are up 48 percent in the last 12 months. The split will cut the price in half, making the stock more affordable for investors. The shares rose up $1.16 in noon trading today to $93.17. In addition, the company said it will maintain its quarterly dividend at 4 cents per share, thereby doubling the payout.
BUSINESS
January 19, 2013
Aircraft parts maker Triumph Group Inc., of Berwyn, said it agreed to acquire Goodrich Pump & Engine Control Systems from United Technologies Corp. for an undisclosed amount. Triumph said the acquisition will add about $195 million in annual revenue, and will operate as Triumph Engine Control Systems L.L.C. The business, which supplies aerospace fuel systems, is located in West Hartford, Conn. It employs 530. The deal is expected to close in the current quarter, Triumph said.
BUSINESS
November 16, 1988 | By Idris M. Diaz, Inquirer Staff Writer
Gains in annual and quarterly earnings for Alco Standard Corp. of Valley Forge were led by its Paper Corp. of America, Alco Office Products and Triumph Group subsidiaries, Ray B. Mundt, the company's chairman and chief executive officer, said yesterday. Revenue for the year ended Sept. 30 for Paper Corp. of America was up 20.4 percent to $2.8 billion. Operating income rose 26.3 percent to $106 million, nearly double the 1986 level. Revenue for Alco Office Products was up 42.6 percent to $375 million, and operating income leaped 62.8 percent to $26.3 million.
BUSINESS
May 6, 2006 | By Akweli Parker INQUIRER STAFF WRITER
Aircraft-components-maker Triumph Group Inc., of Wayne, said yesterday that its income from continuing operations for fiscal 2006 increased 118 percent, to $34.5 million from $15.8 million the year before. Company president and chief executive officer Richard C. Ill said the strong results were attributable to organic growth - that is, gains in the company's continuing businesses rather than acquisitions. The aerospace industry, which had been in the doldrums for several years after the Sept.
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BUSINESS
March 3, 2015 | By Joseph N. DiStefano, Inquirer Staff Writer
Triumph Group , whose 14,000 workers make aircraft parts in 21 U.S. states, Latin America, Europe, and Asia, hosted a grateful Welsh leader at its Tredyffrin Township headquarters last week. Carwyn Jones, first minister of Wales, one of the four nations that form the United Kingdom (England is the biggest), made the journey Thursday. He said he did not feel too foreign. "The Welsh know about Pennsylvania," he said. Founder William Penn sold a chunk of Tredyffrin in the late 1600s to Welsh settlers, who named it (based on the Welsh for "valley town")
BUSINESS
August 17, 2013 | By Harold Brubaker, Inquirer Staff Writer
Triumph Group Inc., of Wayne, says it has agreed to buy General Donlee Canada Inc., a manufacturer of precision-machined parts, such as shafts for aircraft engines and helicopters for GE Aviation, Bell Helicopter and others, for $110 million, including an unspecified amount of debt. General Donlee, which is based in Toronto and employs 200, is expected to add $60 million in annual revenue and immediately add to earnings. Triumph Group had $3.76 billion in revenue in its most recent fiscal year.
NEWS
March 19, 2013 | By Reid Kanaley, INQUIRER STAFF WRITER
Berwyn aircraft parts maker Triumph Group Inc. completed its purchase of United Technologies Corp.'s Goodrich Pump & Control Systems unit for an undisclosed sum, the companies said. The sale was a divestiture required by regulatory authorities as a condition of United Technologies' purchase of Goodrich Corp. That 2011 deal was valued then at $18.4 billion. Triumph had said the unit acquisition will add 530 employees and about $195 million in annual revenue.
SPORTS
March 11, 2013 | By Chris Melchiorre, For The Inquirer
Players didn't rush the court - as most state champions do. They didn't mob or tackle each other or jump up and down. This was the goal the Rancocas Valley girls' basketball team had been thinking and talking about, literally, the entire season. The Red Devils (29-1) wanted more than anything to win a state title. They know how special their team is. And their reaction said it all. This wasn't just something they wanted. It was something they expected. "We're confident in ourselves and in our ability," said senior point guard Brianna Logan, after RV's 64-45 win over Paterson Eastside in Sunday's Group 4 state championship game.
BUSINESS
January 19, 2013
Aircraft parts maker Triumph Group Inc., of Berwyn, said it agreed to acquire Goodrich Pump & Engine Control Systems from United Technologies Corp. for an undisclosed amount. Triumph said the acquisition will add about $195 million in annual revenue, and will operate as Triumph Engine Control Systems L.L.C. The business, which supplies aerospace fuel systems, is located in West Hartford, Conn. It employs 530. The deal is expected to close in the current quarter, Triumph said.
BUSINESS
December 24, 2012 | Mike Armstrong, INQUIRER STAFF WRITER
Triumph Group Inc. of Berwyn has a market value of $3.2 billion and it generated $3.4 billion in revenue in its most recent fiscal year. Its global workforce numbers about 12,000, and it more than doubled in size in the last two years. Why doesn't this aerospace company appear on the Philly 50 list? I've heard that question - or similar ones involving locally based companies such as Airgas, American Water Works, and others - in the five weeks since the debut of the list of 50 public companies with large workforces in the Philadelphia area.
NEWS
June 2, 2012 | FOR THE INQUIRER
Exactly 11 years after Michelle Schlichtig pitched Haddon Heights to its second straight South Jersey Group 2 softball championship, Schlichtig was in the third-base coaching box leading the Garnets to another title. Schlichtig's third-seeded Heights (25-5) squad claimed another Group 2 trophy and a berth in the state semifinals with a 2-1 thriller at top-seeded Buena on Friday. Junior pitcher Shayla Sweeney stopped the Chiefs (23-4) on three hits and got out of a seventh-inning threat when shortstop Mariah Hans tagged out a runner trying to steal second base.
BUSINESS
April 24, 2012 | Michael Armstrong
Few CEOs get to hold on to their job for more than a decade. Fewer still preside over the growth of a corporation like that experienced by Triumph Group Inc. since 1993. Richard C. Ill took cast-off businesses from a Philadelphia-area conglomerate once called Alco Standard Corp. in 1993 and turned Berwyn-based Triumph into a major supplier of aircraft components. On Monday, Triumph announced that Ill would retire as CEO as of July 19, the same day the company will hold its annual shareholders meeting.
BUSINESS
June 10, 2011
In the Region Judge to issue sentencing guidelines Four former Synthes Inc. executives who pleaded guilty to charges stemming from an illegal clinical trial of bone cement in which three people died are awaiting word from U.S. District Judge Legrome D. Davis about the guidelines he will use to sentence them and the date for sentencing. Michael Huggins of West Chester, Thomas Higgins of Berwyn, Richard Bohner of Malvern, and John Walsh of Coatesville were in court earlier this week as their lawyers argued for guidelines that might lessen the potential prison and probation time.
NEWS
June 9, 2011
Triumph Group Inc. today announced a two-for-one split of its common stock. The split will be effective July 14 for shareholders as of June 22. Shares of the Wayne manufacturer are up 48 percent in the last 12 months. The split will cut the price in half, making the stock more affordable for investors. The shares rose up $1.16 in noon trading today to $93.17. In addition, the company said it will maintain its quarterly dividend at 4 cents per share, thereby doubling the payout.
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