Last $25.62 USD
Change Today -0.27 / -1.04%
Volume 13.7K
MAG On Other Exchanges
Symbol
Exchange
Frankfurt
As of 5:20 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

magnetek inc (MAG) Snapshot

Open
$25.91
Previous Close
$25.89
Day High
$25.95
Day Low
$24.00
52 Week High
07/24/14 - $26.00
52 Week Low
09/12/13 - $16.22
Market Cap
83.7M
Average Volume 10 Days
6.6K
EPS TTM
$1.39
Shares Outstanding
3.3M
EX-Date
--
P/E TM
18.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for MAGNETEK INC (MAG)

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magnetek inc (MAG) Details

Magnetek, Inc. provides digital power control systems to control motion and power primarily in material handling, elevator, and mining applications. The company offers power control and delivery systems and solutions for overhead material handling applications used in industries, such as aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, and heavy movable structures. Its material handling products comprise alternating current (AC) and direct current (DC) drive systems, radio remote controls, push-button pendant stations, brakes, and collision avoidance and power delivery subsystems. The company also designs, builds, sells, and supports elevator application-specific drive products, such as DC high-performance elevator drives; and AC drives used with low and high-performance traction elevators. It provides elevator products, such as integrated subsystems and drives that are sold primarily to elevator original equipment manufacturers (OEMs), as well as offers regenerative controls for new building installations and elevator modernization projects. In addition, the company provides AC and DC digital motion control systems for underground coal mining equipment. It sells its products directly or through manufacturers’ representatives to OEMs, system integrators, value-added resellers, and distributors in the United States, Canada, and the United Kingdom. Magnetek, Inc. was founded in 1984 and is headquartered in Menomonee Falls, Wisconsin.

328 Employees
Last Reported Date: 03/21/14
Founded in 1984

magnetek inc (MAG) Top Compensated Officers

Chief Executive officer, President and Direct...
Total Annual Compensation: $379.5K
Chief Financial Officer and Vice President of...
Total Annual Compensation: $297.3K
Principal Operating Officer and Vice Presiden...
Total Annual Compensation: $203.1K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $238.1K
Chief Accounting Officer, Vice President and ...
Total Annual Compensation: $155.3K
Compensation as of Fiscal Year 2013.

magnetek inc (MAG) Key Developments

Magnetek Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2014; Provides Earnings Guidance for the Second Quarter of 2014

Magnetek Inc. reported unaudited consolidated earnings results for the first quarter ended March 30, 2014. For the quarter, the company reported net sales of $24,113,000 against $25,059,000 a year ago. Income from operations was $1,438,000 against $806,000 a year ago. Income from continuing operations was $1,198,000 or $0.35 per diluted share compared to $545,000 or $0.16 per diluted share a year ago. Net income was $1,054,000 or $0.31 per diluted share against $472,000 or $0.14 per diluted share a year ago. Adjusted operating income (non-GAAP) was $2,363,000 against $2,366,000 a year ago. Adjusted EBITDA (non-GAAP) was $2,748,000 against $2,764,000 a year ago. Capital expenditures were $171,000 against $142,000 for the same period a year ago. The net sales decreased mainly due to lower sales into elevator and mining markets. The company expects sales in the second quarter 2014 to increase modestly from the $18 million level of the first quarter. While sales into elevator markets were just over $5 million in the first quarter, bookings were nearly $6 million, the company should also see an uptick in elevator sales in the second quarter.

Magnetek Inc. Receives ATEX and IECEx Certification for Hazardous Locations

Magnetek Inc. announced the availability of wireless controls certified for use in potentially hazardous locations. The company received both ATEX and IECEx certifications for their XLTX and MLTX2 wireless controls. ATEX compliance, required by the European Union, certifies that Magnetek wireless controls are safe to use in potentially explosive areas with flammable gases or vapors. IECEx equipment certification signifies that Magnetek's wireless controls conform to international safety standards for environments where a potential exists for explosions.

Magnetek Inc. Approves Amendment of Restated Certificate of Incorporation

Magnetek Inc. at its annual meeting of stockholders held on April 30, 2014, approved amendment of the company’s restated certificate of incorporation to decrease authorized common stock.

 

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MAG

Industry Average

Valuation MAG Industry Range
Price/Earnings 19.8x
Price/Sales 0.8x
Price/Book 7.5x
Price/Cash Flow 22.8x
TEV/Sales 0.7x
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