September 21, 2014 2:10 PM ET

Chemicals

Company Overview of AGY Holding Corp.

Company Overview

AGY Holding Corp., together with its subsidiaries, engages in designing, developing, manufacturing, and marketing glass fibers for the aerospace, defense, construction, electronics, automotive, and industrial markets. Its glass fibers are used as reinforcing materials in various applications, including aircraft laminates, ballistic armor, pressure vessels, roofing membranes, insect screening, architectural fabrics, and electronics. The company also offers continuous filament mat, a glass fiber reinforcement product used as an input in the production of flat sheet laminates, marine parts, and accessories. It sells its products in the Americas, Europe, and Asia. The company was incorporated in...

2556 Wagener Road

Aiken, SC 29801

United States

Founded in 2004

1,053 Employees

Phone:

803-648-8351

Fax:

803-643-1180

Key Executives for AGY Holding Corp.

Chief Executive Officer
Age: 50
Executive Chairman
Age: 53
Chief Financial Officer
Age: 61
Vice President of Technology
Vice President of Finance and Corporate Controller
Age: 48
Compensation as of Fiscal Year 2014.

AGY Holding Corp. Key Developments

AGY Holding Corp. and KAGY Holding Company, Inc. Announces Executive Appointments

AGY Holding Corp. and KAGY Holding Company Inc. announced that, effective July 9, 2013, Drew Walker has been named President & Chief Executive Officer of each of the companies. Since joining the companies in 2005, Mr. Walker has served as Vice President of Sales and Marketing and, most recently, as President. Over the past 18 months, Richard Jenkins of Alvarez & Marsal has served as company's Interim Chief Executive Officer. Also effective July 9, 2013, Jay Ferguson has been named Chief Financial Officer of each of the companies on a permanent basis. He has been serving as Interim Chief Financial Officer for the past 14 months. Mr. Ferguson has over 30 years of experience, including 20 years with General Electric and 9 years serving various portfolio companies of private-equity-owned organizations.

AGY Holding Corp. Announces New Financing and Debt Restructuring

AGY Holding Corp. and KAGY Holding Company Inc. announced that they have entered into a series of agreements for the restructuring of the companies’ business and exchange of certain of AGY’s outstanding 11% senior second lien notes due 2014.

AGY Holding Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013

AGY Holding Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. Consolidated net sales decreased $3.4 million or 7.2%, from $47.1 million in the first quarter of 2012 to $43.7 million in the first quarter of 2013, which consists of $36.7 million of sales reported by the AGY US business segment (AGY US) and $7.0 million of sales reported by the AGY Asia business segment (AGY Asia). Net loss attributable to company and loss before income tax expense was $4.7 million against net loss and loss before income tax expense $8.4 million of prior year period. Consolidated income from operations was $1.5 million for the first quarter of 2013, compared to a loss of $2.6 million for the same period in 2012. Adjusting for the impact of a $1.3 million decrease in restructuring charges, a $1.0 million decrease in metal depletion expenses from the advanced sale of 2012 metal recoveries in late 2011 for AGY US, a $0.1 million increase in restructuring costs and a $0.3 million increase in metal depletion expenses related to prior years for AGY Asia, AGY US and AGY Asia operating results increased by $1.8 million and $0.4 million, respectively, in the first quarter of 2013 compared to the same period of 2012. Adjusted EBITDA attributable to the company (which excludes the portion of Adjusted EBITDA attributable to the 30% non-controlling interest in AGY Asia) was $7.5 million for the first quarter of 2013, compared to $6.5 million in the first quarter of 2012. Net cash provide by operating activities was $1.6 million against $6.6 million for the same period last year. Purchases of property and equipment and alloy metals were $1.1 million against $0.3 million of prior year period.

Similar Private Companies By Industry

Company Name Region
Rempac Foam, LLC United States
Great Salt Lake Minerals Corporation United States
Kintz Plastics, Inc. United States
PBR, Inc. United States
ChemSpec USA, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AGY Holding Corp., please visit www.agy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.