Triumph Group Considering Sale, According to Bloomberg: Shares Surge

Triumph Group experienced a significant surge in its stock late Thursday as the company is contemplating various strategic options, including the possibility of a sale, according to anonymous sources reported by Bloomberg.

The aircraft components manufacturer saw its shares increase by 25% following this news. With a market capitalization of $851 million, Triumph Group has engaged a financial advisor to assess interest from both strategic buyers and private equity firms.

The company has faced a challenging year thus far, with its stock down more than a third year-to-date due to a decrease in its order book attributed to the slowdown in Boeing 737 Max shipments.

When approached for comment regarding the potential sale, a representative for Triumph declined to provide any information. Sources indicated that the discussions are still in the preliminary phases, and the company may ultimately choose to remain independent.