Triumph Group Inc. reported robust financial results for the fourth quarter and the fiscal year 2025. The company achieved net sales of $377.9 million for the fourth quarter, marking a 5% increase compared to the previous period. Operating income for the quarter was $59.6 million with an operating margin of 16%, while adjusted operating income was $68.9 million with an adjusted operating margin of 18%. For fiscal 2025, Triumph reported net sales of $1.26 billion, reflecting a sales growth of 6%. The company's operating income stood at $139.4 million with an operating margin of 11%, and adjusted operating income reached $170.4 million with an adjusted operating margin of 13%. Income from continuing operations was reported at $35.9 million, or $0.46 per diluted share, with adjusted income from continuing operations at $72.2 million, or $0.93 per share. Triumph's fourth-quarter adjusted EBITDAP was $78.4 million, with an Adjusted EBITDAP margin of 21%. For the fiscal year, adjusted EBITDAP was $204.5 million with an adjusted EBITDAP margin of 16%. The company generated a cash flow from operations of $147.7 million during the fourth quarter and $37.9 million for the entire fiscal year. Free cash flow for the fourth quarter was $144.0 million and $18.8 million for the fiscal year. Notably, Triumph experienced growth in both its commercial and military aftermarket sales, with a 7% increase in its IP-based business and a 10% rise in OEM sales. Military aftermarket sales increased by 15%, driven by higher spares sales across various platforms. The company also announced a merger agreement with affiliates of Warburg Pincus and Berkshire Partners, indicating significant strategic developments in its operations. Triumph's backlog, representing the next 24 months of actual purchase orders with firm delivery dates or contract requirements, stood at $1.9 billion.