LMI Aerospace (Nasdaq: LMIA) reported earnings on Nov. 8. Here are the numbers you need to know. <\/p>\n
The 10-second takeaway For the quarter ended Sep. 30 (Q3), LMI Aerospace missed estimates on revenues and beat expectations on earnings per share. <\/p>\n
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly. <\/p>\n
Margins grew across the board. <\/p>\n
Revenue details LMI Aerospace chalked up revenue of $70.6 million. The four analysts polled by S&P Capital IQ foresaw a top line of $74.6 million on the same basis. GAAP reported sales were 9.1% higher than the prior-year quarter's $64.8 million. <\/p>\n
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates. <\/p>\n
EPS details EPS came in at $0.51. The four earnings estimates compiled by S&P Capital IQ predicted $0.49 per share. GAAP EPS of $0.48 for Q3 were 37% higher than the prior-year quarter's $0.35 per share. <\/p>\n
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates. <\/p>\n
Margin details For the quarter, gross margin was 26.3%, 260 basis points better than the prior-year quarter. Operating margin was 12.1%, 180 basis points better than the prior-year quarter. Net margin was 8.0%, 170 basis points better than the prior-year quarter. <\/p>\n
Looking ahead Next quarter's average estimate for revenue is $81.1 million. On the bottom line, the average EPS estimate is $0.54. <\/p>\n<\/p>\n
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LMI Aerospace Misses on Revenues but Beats on EPS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" LMI Aerospace (Nasdaq: LMIA) reported earnings on Nov. 8. Here are the numbers you need to know. Continue reading