SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13
OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 1, 2008
TRIUMPH GROUP, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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1-12235 |
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51-0347963 |
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification |
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1550 Liberty Ridge Drive, Suite 100, Wayne, Pennsylvania |
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19087 |
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(Address of principal executive offices) |
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(Zip Code) |
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(610) 251-1000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 Results of Operations and Financial Condition.
On May 1, 2008, Triumph Group, Inc. issued a press release announcing its financial results for the fiscal quarter and year ended March 31, 2008 and conducted a conference call to further discuss the financial results. The full text of the press release is furnished as Exhibit 99.1 to this Current Report.
On the conference call, in addition to reviewing the information contained in the press release, the executive officers also discussed the following financial information:
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For the fiscal year ended March 31, 2008, sales mix was as follows: commercial was 44% (compared to 45% in the prior full fiscal year), military was 33% (same as in the prior full fiscal year), regional jets were 5% (same as in the prior full fiscal year), business jets were 9% (same as in the prior full fiscal year) and other was 9% (compared to 8% in the prior full fiscal year). |
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The top ten programs represented in the backlog were the 777, 737 NG, 787, CH47, UH60, V-22, A320/321, C17, 747, and A380 programs, respectively. |
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For the fiscal year ended March 31, 2008, Boeing commercial, military and space accounted for 22.5% of net sales. |
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For the fiscal year ended March 31, 2008, OEM sales represented 64% (compared to 63% in the prior full fiscal year), Aftermarket sales represented 27% (compared to 29% in the prior full fiscal year), and Other was 9% (compared to 8% in the prior full fiscal year). |
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Same store sales for the fiscal year ended March 31, 2008 increased 19% over the prior fiscal year. Aerospace Systems same store sales for the fiscal year ended March 31, 2008 was $879.6 million, an increase of 21% over the prior fiscal year. Aftermarket Services same store sales for the fiscal year ended March 31, 2008 was $213.5 million, an increase of 13% over the prior fiscal year. Same store sales for the Company for the quarter ended March 31, 2008 increased 22% over the comparable quarter in the prior fiscal year. |
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In total sales, export sales for the quarter ended March 31, 2008 were $65.5 million, an increase of 33% from previous year quarter ended March 31, 2007. For the fiscal year ended March 31, 2008 export sales were $237.0 million, an increase of 17% from the previous year. |
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For the fiscal year ending March 31, 2009, the company expects its effective tax rate to be 35%. |
The information in this Item 2.02 of this Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
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Item 9.01 |
Financial Statements and Exhibits. |
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(c) |
Exhibits. |
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Exhibit No. |
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Description |
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99.1 |
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Press Release dated May 1, 2008 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: May 7, 2008 |
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TRIUMPH GROUP, INC. |
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By: |
/s/ John B. Wright, II |
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John B. Wright, II |
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Vice President, General Counsel |
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and Secretary |
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TRIUMPH GROUP, INC.
CURRENT REPORT ON FORM 8-K
EXHIBIT INDEX
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Exhibit No. |
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Description |
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99.1 |
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Press Release dated May 1, 2008 |
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