Last $13.83 USD
Change Today +0.10 / 0.73%
Volume 53.4K
LMIA On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

lmi aerospace inc (LMIA) Snapshot

Open
$13.73
Previous Close
$13.73
Day High
$13.89
Day Low
$13.65
52 Week High
05/9/13 - $22.34
52 Week Low
11/12/13 - $10.81
Market Cap
177.6M
Average Volume 10 Days
96.5K
EPS TTM
$-0.81
Shares Outstanding
12.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LMI AEROSPACE INC (LMIA)

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lmi aerospace inc (LMIA) Details

LMI Aerospace Inc. provides structural assemblies, kits and components, and design engineering services to the aerospace and defense markets in the United States. The company’s Aerostructures segment fabricates, machines, finishes, integrates, assembles, and kits machined and formed close tolerance aluminum, specialty alloy and composite components, and assemblies. Its products include wing slats and flap skins/components, and ailerons; winglet edges and modification kits; fuselage and wing skins; helicopter cabin and aft section components and assemblies; wing panels; tail cone assemblies; thrust reversers and engine nacelles/cowlings; door components, assemblies, and floor beams; cockpit window frames and landing light lens assemblies; and cockpit crew floor and bulkhead structure assemblies. This segment also provides wheel well and electronic rack assemblies; interior components; structural sheet metal, machined, milled, and extruded components; housings and assemblies for gun turrets; auxiliary power unit components; fans and heat exchangers; electronic rack assembly; and assemblies and components for rail yard switching equipment. Its Engineering Services segment offers engineering design, analysis, repair, certification, and program management services. This segment provides structural design and analysis services, including wing/wingbox, fixed and moveable leading edges/trailing edges, empennage, and tail cone design; winglet/wing mod design; nacelle, engine cowl, and thrust reverser design; weight improvement engineering; helicopter fuselage, cockpit, cabin frames, skins, longerons, and beams; and aircraft modification engineering services. It also offers systems design and integration; tool design and fabrication; manufacturing engineering; after-market engineering and support; aviation training system; aviation maintenance engineering; and aviation system software engineering services. The company was founded in 1948 and is based in St. Charles, Missouri.

2,330 Employees
Last Reported Date: 03/17/14
Founded in 1948

lmi aerospace inc (LMIA) Top Compensated Officers

President of Engineering Services
Total Annual Compensation: $307.4K
President of Valent Aerostructures, Llc
Total Annual Compensation: $255.7K
Chief Operating Officer of Aerostructures Seg...
Total Annual Compensation: $290.5K
Vice President of Human Resources & Organizat...
Total Annual Compensation: $227.6K
Compensation as of Fiscal Year 2012.

lmi aerospace inc (LMIA) Key Developments

LMI Aerospace Inc. Announces Robert T. Grah to Retire as Chief Operating Officer of Aerostructures, Effective January 1, 2015

On April 9, 2014, LMI Aerospace Inc. received notice from Robert T. Grah, the Company's Chief Operating Officer of Aerostructures, that Mr. Grah will retire, effective January 1, 2015. It is expected that Mr. Grah will continue to serve as the company's Chief Operating Officer of Aerostructures until the effective date of his retirement.

LMI Aerospace Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for 2014; Reports Goodwill Impairment Charges

LMI Aerospace Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported that net sales were $96,371,000 compared to $71,917,000 a year ago. Loss from operations was $73,298,000 compared to profit from operations of $1,997,000 a year ago. Loss before income taxes was $77,607,000 compared to profit before income taxes of $1,065,000 a year ago. Net loss was $67,061,000 or $5.31 per basic and diluted share compared to net income of $951,000 or $0.08 per basic and diluted share a year ago. Adjusted EBITDA was $9,588,000 compared to $9,333,000 a year ago. Net cash provided by operating activities was $10,247,000 compared to net cash used in operating activities was $1,238,000 a year ago. Capital expenditure was $2,508,000 compared to $7,023,000 a year ago. The company generated $7.7 million of free cash flow. For the year, the company reported that net sales were $412,557,000 compared to $278,629,000 a year ago. Loss from operations was $49,120,000 compared to profit from operations of $26,055,000 a year ago. Loss before income taxes was $65,464,000 compared to profit before income taxes of $24,640,000 a year ago. Net loss was $58,485,000 or $4.64 per basic and diluted share compared to net income of $16,487,000 or $1.39 per diluted share a year ago. Net cash used in operating activities was $8,349,000 compared to net cash provided by operating activities was $8,799,000 a year ago. Additions to property, plant and equipment was $23,738,000 compared to $18,783,000 a year ago. Adjusted EBITDA was $49,937,000 compared to $40,905,000 a year ago. The company reported that in order to provide adequate time for the new CEO, Dan Korte, who is succeeding Ron Saks effective March 18, 2014, to conduct a thorough review of the company's forecast and operations, the company will suspend providing annual guidance and withdraws previously issued 2014 guidance. For the quarter, the company reported goodwill impairment of $73.5 million recognized related to the Valent acquisition.

LMI Aerospace Inc., Q4 2013 Earnings Call, Mar 17, 2014

LMI Aerospace Inc., Q4 2013 Earnings Call, Mar 17, 2014

 

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LMIA

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Valuation LMIA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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