Triumph Group Shows Progress in Turnaround Effort

Triumph Group (NYSE: TGI) is combining two of its three largest divisions into a single aerospace-structure unit as the company looks to regain its footing, after years of struggles, and focus on growth. It might be time for value-focused investors to give Triumph a look.

The company said Dec. 4 it would merge its business making aircraft wings and related components, the largest contributor to its nearly $4 billion in annual sales, and its precision-component unit, which makes aluminum, metal and composite structures. The company said the two units share many of the same customers and suppliers and often collaborate on common programs, so it hopes it will be able to trim costs and gain additional business by combining them.

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Source: Fool.com