Last $18.37 USD
Change Today -0.09 / -0.49%
Volume 325.8K
GY On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

gencorp inc (GY) Snapshot

Open
$18.53
Previous Close
$18.46
Day High
$18.64
Day Low
$18.30
52 Week High
06/23/14 - $19.77
52 Week Low
08/27/13 - $14.81
Market Cap
1.1B
Average Volume 10 Days
512.4K
EPS TTM
$2.44
Shares Outstanding
58.7M
EX-Date
07/19/04
P/E TM
7.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for GENCORP INC (GY)

gencorp inc (GY) Related Businessweek News

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gencorp inc (GY) Details

GenCorp Inc. engages in the manufacture and sale of aerospace and defense products and systems in the United States. The company operates in two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers defense system products, including liquid, solid, and air-breathing propulsion systems and components for applications in missile defense systems, maneuvering propulsion systems, precision war-fighting systems, and specialty metal products, as well as for use in strategic, tactical, and precision strike missiles. This segment also provides composite and metallic aerospace structural components, and warhead and armament systems for precision tactical and long range weapon applications. In addition, it offers liquid, solid, and electric propulsion systems and components for space systems, such as expendable and reusable launch vehicles, transatmospheric vehicles, manned and unmanned spacecraft, separation and maneuvering systems, upper stage engines, satellites, large solid boosters, and integrated propulsion subsystems. This segment serves military, civil, and commercial space customers. The Real Estate segment engages in the re-zoning, entitlement, sale, and leasing of the company’s excess real estate assets. This segment owns approximately 11,900 acres of land in the Sacramento metropolitan area. GenCorp Inc. was founded in 1915 and is headquartered in Rancho Cordova, California.

5,386 Employees
Last Reported Date: 02/7/14
Founded in 1915

gencorp inc (GY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $626.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $381.0K
President of Aerojet
Total Annual Compensation: $357.7K
Vice President, General Counsel and Secretary
Total Annual Compensation: $323.1K
Deputy to the President of Aerojet
Total Annual Compensation: $483.8K
Compensation as of Fiscal Year 2013.

gencorp inc (GY) Key Developments

GenCorp Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended May 31, 2014

GenCorp Inc. reported consolidated unaudited earnings results for the second quarter and six months ended May 31, 2014. Net sales for the second quarter of fiscal 2014 totaled $403.1 million compared to $286.6 million for the second quarter of fiscal 2013. Net loss for the second quarter of fiscal 2014 was $50.2 million, or $0.87 loss per share, compared to a net loss of $11.8 million, or $0.20 loss per share, for the second quarter of fiscal 2013. Adjusted EBITDAP (Non-GAAP measure) for the second quarter of fiscal 2014 was $33.5 million, or 8.3% of net sales, compared to $30.6 million or 10.7% of net sales, for the second quarter of fiscal 2013. Cash provided by operating activities in the second quarter of fiscal 2014 totaled $3.0 million, compared to $12.0 million in the second quarter of fiscal 2013. Operating loss was $37.0 million against income of $2.9 million a year ago. Loss from continuing operations before income taxes was $49.6 million against $9.6 million a year ago. Loss from continuing operations was $49.4 million against $11.7 million a year ago. Net sales for the first half of fiscal 2014 totaled $732.8 million compared to $530.3 million for the first half of fiscal 2013. Net loss for the first half of fiscal 2014 was $52.3 million, or $0.89 loss per share, compared to a net loss of $25.8 million, or $0.43 loss per share, for the first half of fiscal 2013. Adjusted EBITDAP for the first half of fiscal 2014 was $74.4 million, or 10.2% of net sales, compared to $60.4 million or 11.4% of net sales, for the first half of fiscal 2013. Cash used in operating activities in the first half of fiscal 2014 totaled $22.3 million compared to cash provided by operating activities of $18.9 million in the first half of fiscal 2013. The increase in net sales in the second quarter and first half of fiscal 2014 was primarily related to activity from the Rocketdyne Business which was acquired on June 14, 2013. Operating loss was $24.7 million against income of $4.8 million a year ago. Loss from continuing operations before income taxes was $49.7 million against $18.8 million a year ago. Loss from continuing operations was $51.5 million against $25.8 million a year ago. Capital expenditures were $18.5 million against $21.7 million a year ago. Net debt was $662.3 million as at May 31, 2014 against $102.8 million as on May 31, 2013.

GenCorp Inc. Presents at Morgan Stanley Leveraged Finance Conference, Jun-12-2014

GenCorp Inc. Presents at Morgan Stanley Leveraged Finance Conference, Jun-12-2014 . Venue: Roosevelt Hotel, New Orleans, Louisiana, United States. Speakers: Glenn Mahone, Vice President of Communications, Kathy Redd, Vice President, Chief Financial Officer, Ron Samborsky, Vice President, Investor Relations.

GenCorp Closes Amended and Restated $300.0 Million Credit Facility

GenCorp Inc. announced that it entered into an amended and restated $300 million credit facility. The new credit facility amends and restates the company's prior credit agreement and, (i) extends the maturity date to May 30, 2019 (which date may be accelerated in certain cases); and (ii) replaces the existing revolving credit facility and credit-linked facility with a revolving credit facility in an aggregate principal amount of up to $200.0 million and a term loan facility in an aggregate principal amount of up to $100.0 million, among other things. In general, borrowings under the new credit facility bear interest at a rate equal to the LIBOR plus 250 basis points (subject to downward adjustment), or the base rate as it is defined in the credit agreement governing the new credit facility. In addition, the Company is charged a commitment fee of 50 basis points per annum on unused amounts of the revolving credit facility (subject to downward adjustment), along with a fronting fee of 25 basis points per annum, on the undrawn amount of all outstanding letters of credit.

 

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Industry Analysis

GY

Industry Average

Valuation GY Industry Range
Price/Earnings 10.8x
Price/Sales 0.7x
Price/Book NM Not Meaningful
Price/Cash Flow 5.3x
TEV/Sales 0.1x
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