Triumph Group Expects Fiscal Year 2014 Additional Program Costs

18-Sep-2013 Triumph Group, Inc. (NYSE: TGI) today announced that it expects to record pre-tax additional program costs during fiscal year 2014 totaling approximately $68.0 million, or $0.83 per diluted share, primarily associated with the 747-8 program. Of the total incremental costs, approximately $44.0 million, or $0.53 per diluted share, will be included in the company's second quarter fiscal year 2014 financial results. The company expects that approximately $11.0 million, or $0.14 per diluted share, will be reflected in third quarter fiscal year 2014 and the remaining $13.0 million, or $0.16 per diluted share, will be included in the fourth quarter fiscal year 2014 financial results. The number of shares used in computing diluted earnings per share was approximately 53.0 million shares.