Kategorie
Financial results

GenCorp Reports 2013 Fourth Quarter and Annual Results

Fourth Quarter of Fiscal 2013 compared to Fourth Quarter of Fiscal 2012

  • Net sales for the fourth quarter of fiscal 2013 totaled $485.3 million compared to $298.2 million for the fourth quarter of fiscal 2012.
  • Net loss for the fourth quarter of fiscal 2013 was ($3.7) million, or ($0.06) loss per share, compared to a net income of $2.8 million, or $0.05 diluted income per share, for the fourth quarter of fiscal 2012.
  • Adjusted EBITDAP (Non-GAAP measure*) for the fourth quarter of fiscal 2013 was $53.3 million or 11.0% of net sales, compared to $34.0 million or 11.4% of net sales, for the fourth quarter of fiscal 2012.
  • Segment performance (Non-GAAP measure*) before environmental remediation provision adjustments, retirement benefit plan expense, and unusual items was $47.0 million for the fourth quarter of fiscal 2013, compared to $34.9 million for the fourth quarter of fiscal 2012.
  • Cash provided by operating activities in the fourth quarter of fiscal 2013 totaled $51.1 million, compared to $23.2 million in the fourth quarter of fiscal 2012.
  • Free cash flow (Non-GAAP measure*) in the fourth quarter of fiscal 2013 totaled $26.6 million, compared to $4.8 million in the fourth quarter of fiscal 2012.
  • Net debt (Non-GAAP measure*) was $501.6 million as of November 30, 2013 compared to $86.6 million as of November 30, 2012.
  • Funded backlog was $1,664 million as of November 30, 2013 compared to $1,018 million as of November 30, 2012.

Fiscal 2013 compared to Fiscal 2012

  • Net sales for fiscal 2013 totaled $1,383.1 million compared to $994.9 million for fiscal 2012.
  • Net income for fiscal 2013 was $167.9 million, or $2.11 diluted income per share, compared to a net loss of ($2.6) million, or ($0.04) loss per share, for fiscal 2012.
  • Adjusted EBITDAP (Non-GAAP measure*) for fiscal 2013 was $155.6 million or 11.3% of net sales, compared to $110.9 million or 11.1% of net sales, for fiscal 2012.
  • Segment performance (Non-GAAP measure*) before environmental remediation provision adjustments, retirement benefit plan expense, and unusual items was $151.4 million for fiscal 2013, compared to $119.2 million for fiscal 2012.
  • Cash provided by operating activities in fiscal 2013 totaled $77.6 million, compared to $86.2 million in fiscal 2012.
  • Free cash flow (Non-GAAP measure*) in fiscal 2013 totaled $14.4 million, compared to $49.0 million in fiscal 2012.

GenCorp

Source / Author: GenCorp

Autor: Redakcja Świat

Redakcja Świat