The following is a summary of the Triumph Group, Inc. (TGI) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Triumph Group reported a significant reduction in total debt by over $700 million and increased aftermarket revenues by 19% for FY '24.

• Their adjusted EBITDA margin increased by 70 basis points and they improved their free cash flow by $60 million.

• The company generated $100 million in net proceeds from the retirement of outstanding warrants and grew their total backlog by 22%.

• Triumph reported $78 million cash flow from operations and $72 million of free cash flow for FY '24.

• For FY '25, the company projects net sales of approximately $1.2 billion, a 22% increase in operating income over FY '24, and free cash flow between $10 million to $25 million.

Business Progress:

• Triumph Group sold their third-party maintenance business to focus on core systems and OEM MRO business and achieved $40 million in cost reduction actions across the company.

• They engaged in new development programs with major industry players and see the opportunity to capture new MRO orders.

• Despite uncertainties with Boeing's commercial transport programs, the company remains committed to supporting Boeing's future production needs.

• Triumph enters FY '25 with a stronger balance sheet and aims for strong EBITDAP expansion and cash flow generation in FY '26 and FY '28.

• Engagement with Boeing has been reported, aiming at improvements in the manufacturing process, tooling, automation, and workforce.

More details: Triumph IR

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