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): January 31, 2011

 

TRIUMPH GROUP, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-12235

 

51-0347963

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification
Number)

 

1550 Liberty Ridge Drive, Suite 100, Wayne, Pennsylvania

 

19087

(Address of principal executive offices)

 

(Zip Code)

 

(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):

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

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 January 31, 2011, Triumph Group, Inc. issued a press release announcing its financial results for the fiscal quarter ended December 31, 2010 and the following day 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:

 

·

 

For the fiscal quarter ended December 31, 2010, sales mix was as follows: commercial was 49% (compared to 48% in the prior full fiscal year), military was 35% (compared to 37% in prior full fiscal year), business jets were 12% (compared to 5% in the prior full fiscal year), regional jets were 1% (compared to 4% in the prior full fiscal year), and non-aviation was 3% (compared to 6% in prior full fiscal year).

 

 

 

·

 

The top ten programs represented in the backlog were the 747, G450/G550, 777, V-22, C-17, UH60, 737, 787, C-130, and 767 programs, respectively.

 

 

 

·

 

For the fiscal quarter ended December 31, 2010, Boeing commercial, military and space accounted for 46.4% of net sales.

 

 

 

·

 

For the fiscal quarter ended December 31, 2010, OEM sales represented 86% (compared to 72% in the prior full fiscal year), Aftermarket sales represented 12% (compared to 23% in the prior full fiscal year), and Other was 2% (compared to 5% in the prior full fiscal year).

 

 

 

·

 

Same store sales for the fiscal quarter ended December 31, 2010 were $346.6 million, an increase of 10% over the prior fiscal year. Aerostructures same store sales for the fiscal quarter ended December 31, 2010 were $152.1 million, with no change over the comparable quarter in the prior fiscal year. Aerospace Systems same store sales for the fiscal quarter ended December 31, 2010 were $119.8 million, an increase of 7% over the comparable quarter in the prior fiscal year. Aftermarket Services same store sales for the fiscal quarter ended December 31, 2010 were $74.7 million, an increase of 45% over the comparable quarter in the prior fiscal year.

 

 

 

·

 

Export sales for the fiscal quarter ended December 31, 2010 were $111.4 million, an increase of 91% over the comparable quarter in the prior fiscal year.

 

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.

 

2



 

Item 9.01              Financial Statements and Exhibits.

 

(d)           Exhibits.

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release dated January 31, 2011

 

3



 

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.

 

 

Date:  February 4, 2011

 

TRIUMPH GROUP, INC.

 

 

 

 

 

 

 

By:

/s/ John B. Wright, II

 

 

John B. Wright, II

 

 

Vice President, General Counsel
and Secretary

 

4



 

TRIUMPH GROUP, INC.

CURRENT REPORT ON FORM 8-K

 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release dated January 31, 2011

 

5