Triumph Group raises FY15 adjusted EPS view to $5.75-$5.90 from $5.65-$5.75 Consensus $5.73. Raises FY15 revenue view to $3.8B-$3.9B from $3.7B-$3.8B, consensus $3.76B. Still sees FY15 Free Cash Flow after pension contributions of $250M. The company sees Q1 to contribute about 18%-20% of full-year earnings. Updated guidance in slides for investor day.
Triumph Group acquires North American Aircraft Services Triumph Group announced the acquisition of North American Aircraft Services. The acquired business will operate as Triumph Aviation Services, NAAS Division and be included in the Aftermarket Services Group. The business is expected to add approximately $35M in annual revenue and to be immediately accretive to earnings.