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Article: Triumph Provides Fourth Quarter Fiscal 2005 and Fiscal 2006 Outlook.
- Article from:
- Business Wire
- Article date:
- April 14, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WAYNE, Pa. -- Triumph Group, Inc. (NYSE:TGI) today provided an update on fourth quarter fiscal 2005 and a preliminary outlook for fiscal 2006.
At the end of the fourth quarter fiscal 2005, the company completed the previously announced sale of the assets related to its industrial gas turbine ("IGT") business for net book value and finalized the sale of its discontinued operations, generating $9.8 million of cash in the quarter and bringing the total cash generated from both transactions to $26 million. In order to fulfill unfinished orders and to provide customers with a seamless transition, the company had to operate the IGT business up to the completion of the ...