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LMI Aerospace Inc (LMIA.OQ)

LMIA.OQ on NASDAQ Stock Exchange Global Select Market

13.78USD
23 Mar 2017
Change (% chg)

$0.03 (+0.22%)
Prev Close
$13.75
Open
$13.80
Day's High
$13.81
Day's Low
$13.76
Volume
2,201
Avg. Vol
17,289
52-wk High
$13.90
52-wk Low
$7.03

Latest Key Developments (Source: Significant Developments)

LMI Aerospace Q4 loss per share $0.26 excluding items
Wednesday, 15 Mar 2017 06:00am EDT 

LMI Aerospace Inc : LMI Aerospace Inc announces fourth quarter and full-year 2016 results . Q4 loss per share $0.26 excluding items . Q4 sales $85.2 million versus I/B/E/S view $88.4 million . Q4 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Q4 loss per share $0.29 .Will not be issuing guidance or financial targets at this time for 2017.  Full Article

LMI Aerospace merger agreement contains a 'go-shop' provision of 30-days
Friday, 17 Feb 2017 06:56am EST 

LMI Aerospace Inc - : Merger agreement contains a 'go-shop' provision of 30-days .LMI may be required to pay Sonaca termination fee of either $10 million or $15 million, if deal terminated under any circumstances.  Full Article

LMI Aerospace sees FY net sales $345.7 mln - $346.7 mln
Friday, 17 Feb 2017 12:01am EST 

Lmi Aerospace Inc : LMI Aerospace, Inc. announces expectations for full-year 2016 results . Sees FY net sales $345.7 million - $346.7 million . Says expected results for 2016 were negatively impacted by lower sales primarily due to customer delays . Says expected results for 2016 were negatively impacted by unanticipated engineering changes on a design-build contract .Says expected results for 2016 were negatively impacted by higher-than-expected medical costs.  Full Article

LMI Aerospace to be acquired by Sonaca Group
Friday, 17 Feb 2017 12:00am EST 

LMI Aerospace Inc : LMI Aerospace enters into merger agreement to be acquired by Sonaca Group . Under agreement, LMI shareholders will receive $14 per share in an all-cash transaction . Offer represents a 52 percent premium over LMI's closing share price on Feb. 16, 2017, of $9.19 per share . In connection with merger agreement, Sonaca has obtained debt and equity financing commitments . LMI Aerospace - Upon transaction close, lmi will operate as LMI Aerospace - a Member of Sonaca Group, with headquarters remaining in St. Louis. . Korte will continue to serve as LMI Aerospace CEO and will report directly to Delvaux . Lazard served as financial advisors to LMI; Credit Suisse served as financial advisors to Sonaca .LMI's independent directors unanimously approved transaction.  Full Article

LMI Aerospace Q2 loss per share $2.28
Monday, 8 Aug 2016 07:00am EDT 

LMI Aerospace Inc : LMI Aerospace announces second quarter 2016 results . Q2 sales $84 million versus I/B/E/S view $94 million . Q2 loss per share $2.28 . Q2 loss per share $0.13 excluding items . Q2 earnings per share view $0.04 -- Thomson Reuters I/B/E/S . Sees FY 2017 revenue $370 million to $400 million . Sees FY 2016 operating profit excluding impact of impairment $18.0 - $21.0 million . Sees FY 2016 net sales $345.0 - $355.0 million . FY 2016 revenue view $369.5 million -- Thomson Reuters I/B/E/S . Reiterating targets of 9 percent revenue cagr from 2015 to 2018 and ebitda margin improvement by 300-plus basis points over same period . Sees FY 2016 free cash flow $10.0 - $15.0 million .FY2017 revenue view $396.0 million -- Thomson Reuters I/B/E/S.  Full Article

LMI Aerospace to close Wichita sheet-metal fabrication operation
Wednesday, 29 Jun 2016 07:00am EDT 

Lmi Aerospace Inc : LMI Aerospace to close Wichita sheet-metal fabrication operation . Says remaining work will transfer to LMI Mexicali location to further integrate operations . Says equipment and work packages will be transferred in phases between now and end of september . Says "recognize impact this will have on 36 employees and temporary workers at Wichita-Esthner" . Says affected employees will receive job-placement assistance .Plant's core work statement impacted by significant decline on legacy large commercial widebody and business, regional jet platforms.  Full Article

LMI Aerospace reports Q1 loss per share of $0.14
Monday, 9 May 2016 07:13am EDT 

Lmi Aerospace Inc : Lmi aerospace inc says reaffirming 2016 guidance . Lmi aerospace announces first quarter 2016 results; outlines growth plan through 2018 . Q1 loss per share $0.05 excluding items . Q1 sales $87.3 million versus i/b/e/s view $90 million . Q1 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S .Q1 loss per share $0.14.  Full Article

LMI Aerospace Inc gives FY 2016 guidance
Wednesday, 9 Mar 2016 07:00am EST 

LMI Aerospace Inc:Expects FY 2016 net sales of $365.0 - $380.0 million.Expects FY 2016 operating profit of $22.0 - $27.0 million.  Full Article

LMI Aerospace Inc raises FY 2015 revenue guidance; raises low end of prior FY 2015 EBIT guidance to a range in line with analysts' estimates
Friday, 7 Aug 2015 07:00am EDT 

LMI Aerospace Inc:Expects FY 2015 revenue of between $377.0 million and $387.0 million, consisting of Aerostructures revenue of between $325.0 million and $330.0 million and Engineering Services revenue of between $52.0 million and $57.0 million.Expects FY 2015 operating profit (EBIT) of between $20.0 million and $24.0 million.FY 2015 revenue of $381 million and EBIT of $21.6 million - Thomson Reuters I/B/E/S.  Full Article

LMI Aerospace announces Chairman change
Wednesday, 6 May 2015 07:00am EDT 

LMI Aerospace Inc:Names Gerald E. "Jerry" Daniels chairman of its board of directors, effective April 30.Daniels succeeds Ronald S. Saks, the former chief executive of LMI, who served as the board's non-executive chairman since March 2014.  Full Article

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BRIEF-LMI Aerospace Q4 loss per share $0.26 excluding items

* LMI Aerospace Inc announces fourth quarter and full-year 2016 results