WAYNE, Pa.--(BUSINESS WIRE)--April 23, 2004--Triumph Group, Inc.
(NYSE:TGI) today announced that it was correcting a typographical
error in its announcement yesterday of the reporting of its year end
Triumph said that as a result of the continuing reduction in the
IGT business and the decision to consolidate the operations of its
Components Group, the quarter's results included the Group's operating
loss of approximately $12.5 million and not $16.0 million, as stated
in yesterday's release.
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.
More information about Triumph can be found on the Internet at
Statements which are not historical facts, including statements
regarding projected growth in aftermarket revenues, expected sales and
earnings per share estimates, 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 Annual Report on
Form 10-K for the year ended March 31, 2003.
CONTACT: Triumph Group, Inc.
John Bartholdson, 610-251-1000
SOURCE: Triumph Group, Inc.