LMI Aerospace (Nasdaq: LMIA) reported earnings on March 12. Here are the numbers you need to know. <\/p>\n
The 10-second takeaway For the quarter ended Dec. 31 (Q4), LMI Aerospace met expectations on revenues and missed estimates on earnings per share. <\/p>\n
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share contracted significantly. <\/p>\n
Gross margins grew, operating margins increased, net margins contracted. <\/p>\n
Revenue details LMI Aerospace chalked up revenue of $71.9 million. The four analysts polled by S&P Capital IQ anticipated revenue of $72.3 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $65.0 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 $0.38. The four earnings estimates compiled by S&P Capital IQ averaged $0.40 per share. Non-GAAP EPS of $0.38 for Q4 were 8.6% higher than the prior-year quarter's $0.35 per share. GAAP EPS of $0.08 for Q4 were 77% lower 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 22.6%, 30 basis points better than the prior-year quarter. Operating margin was 9.5%, 270 basis points better than the prior-year quarter. Net margin was 1.3%, 500 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.) <\/p>\n
Looking ahead Next quarter's average estimate for revenue is $110.5 million. On the bottom line, the average EPS estimate is $0.27. <\/p>\n
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LMI Aerospace Misses Where it Counts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" LMI Aerospace (Nasdaq: LMIA) reported earnings on March 12. Here are the numbers you need to know. The 10-second takeaway For the quarter ended Dec. Continue reading