WAYNE, Pa.--(BUSINESS WIRE)--June 11, 2003--Triumph Group, Inc.
(NYSE:TGI) today stated that it expects the results for the first
quarter ending June 30, 2003 to be lower than Wall Street analysts'
Richard C. Ill, Triumph's President and Chief Executive Officer,
said, "During the first three months of the year, we are continuing to
experience a downturn in aircraft production and a decrease in airline
passenger miles flown. While we have not previously provided guidance
for the quarter or the year end results, given the volatility of the
marketplace, we expect Triumph's results from continuing operations
for the June quarter to be $0.45 to $0.50 per common share as compared
to the consensus estimate of $0.58 per common share." All references
to earnings per share herein are on the diluted basis.
Regarding the outlook for the year, Mr. Ill stated, "In light of
the fact that historically our first quarter has always been our most
difficult comparison, we have no reason at this point in time to
disagree with the analysts outlook for the year."
Triumph will report results after the market closes on July 24,
2003, followed by a conference call with management on July 25, 2003.
Triumph Group, Inc. headquartered in Wayne, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls aircraft components and
industrial gas turbine components and accessories. The Company serves
a broad, worldwide spectrum of the aviation industry, including
commercial airlines and air cargo carriers, as well as original
equipment manufacturers of aircraft and aircraft components and power
More information about Triumph can be found on the Internet at
Statements which are not historical facts, including statements
regarding the company's expected earnings for the first quarter and
the fiscal year, contained in this release are forward-looking
statements under the provision of the Private Securities Litigation
Reform Act of 1995.
All forward-looking statements involve risks and uncertainties
including statements regarding the outlook for continued opportunities
for future growth. The company wishes to caution readers that several
important factors could affect the company's actual results and could
cause its actual results to differ materially from those expressed in
any forward looking statements made by, or on behalf of, the company.
Further information regarding the important factors that could cause
actual results to differ from projected results can be found in
Triumph's reports filed with the SEC, including our Form 10-K for the
year ended March 31, 2002.
CONTACT: Triumph Group, Inc.
John Bartholdson, 610/251-1000
SOURCE: Triumph Group, Inc.