JEFFRY FRISBY, CEO of Triumph Group, bought 3,000 shares of Triumph Group (Stock Symbol: TGI) at $68.47 per share for a total amount of $205 thousand on January 31st, 2014.
Triumph Group is headquartered in Berwyn, Pennsylvania.
On January 27th 2014, Triumph Group announced its latest quarterly results. Net sales for third quarter fiscal year 2014 increased 3% to $915.8 million. Operating income for third quarter fiscal year 2014 was $84.8 million, reflecting an operating margin of 9%. Net income for third quarter fiscal year 2014 was $35.4 million, or $0.67 per diluted share.
On January 21st 2014, Triumph Group, Inc. announced that M. David Kornblatt, Executive Vice President and Chief Financial Officer, will transition from that position next month to become the company’s Director of Corporate Development. He will be succeeded as Chief Financial Officer by Jeffrey L. McRae, currently President of Triumph Aerostructures – Vought Aircraft Division, upon formal election by the company’s board of directors, which is also expected to occur next month.
According to Capital IQ, Triump Group has a market cap of 3.6 billion, an enterprise value of $5.18 billion, and trailing 12 month revenues of $3.81 billion.
Triumph Group, Inc., through its subsidiaries, engages in the design, engineering, manufacture, repair, overhaul, and distribution of aero structures, aircraft components, accessories, subassemblies, and systems worldwide. Its Aerostructures Group segment designs, manufactures, builds, and repairs acoustic and thermal insulation systems, aircraft wings, composite and metal bonding, composite ducts and floor panels, empennages, engine nacelles, flight control surfaces, helicopter cabins, stretch-formed leading edges and fuselage skins, windows and window assemblies, and wing spars and stringers. The companys Aerospace Systems Group segment designs, engineers, builds, and repairs aircraft and engine mounted accessory drives, cargo hooks, cockpit control levers, control system valve bodies, electronic engine controls, exhaust nozzles and ducting, geared transmissions, fuel metering units, heat exchangers, high lift actuation products, hydraulic systems and components, landing gear actuation systems, landing gear components and assemblies, main engine gear box assemblies, main fuel pumps, secondary flight control systems, and vibration absorbers. Its Aftermarket Services Group segment provides maintenance, repair, and overhaul services for aircraft components and accessories manufactured by third parties; and supplies spare parts of various types of cockpit instruments and gauges. This segment designs, engineers, manufactures, repairs, and overhauls aftermarket aerospace gas turbines engine components; and offers MRO solutions, leasing packages, exchange programs, and parts and services to airline, air cargo, and third-party overhaul facilities. Triumph Group, Inc. serves the aviation industry, including original equipment manufacturers of commercial, regional, business, and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. The company was founded in 1993 and is headquartered in Berwyn, Pennsylvania.
Jeffry Frisby’s most recent annual compensation from Triumph Group is a salary of $1.82 million, $414,200 in other compensation and a total compensation of $3,410,240. Mr. Frisby is 58 years old.
According to his biography, Mr. Jeffry D. Frisby is President, Chief Executive Officer, Director of Triumph Group, Inc. He has been President and Chief Executive Officer since July 2012 and served as President and Chief Operating Officer from July 2009 to July 2012. Mr. Frisby has been a director of Triumph since July 2012. Mr. Frisby joined the Company in 1998 as President of Frisby Aerospace, Inc. upon its acquisition by Triumph. In 2000, Mr. Frisby was named Group President of the Triumph Control Systems Group and was later named Group President of Aerospace Systems Group upon its formation in April 2003. Mr. Frisby serves on the Board of Directors of Quaker Chemical Corporation.
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