RSS   Newsletter   Contact   Advertise with us

Aerojet Rocketdyne Q2 net sales totaled $456.9 million

Share on Twitter Share on LinkedIn
Staff writer ▼ | July 11, 2015
Aerojet Rocketdyne Holdings reported results for the second quarter ended May 31, 2015. Net sales totaled $456.9 million compared to $404.5 million for Q2 2014.
Aerojet Rocketdyne
Aerojet Rocketdyne Holdings   Q2 net income was $18.4 million
Sales for the second quarter of fiscal 2015 included $42.0 million related to the sale of 550 acres of land.

Net income for the second quarter of fiscal 2015 was $18.4 million, or $0.26 diluted income per share, compared to a net loss of $50.9 million, or $0.88 loss per share, for the second quarter of fiscal 2014.

Net income for the second quarter of fiscal 2015 included an after-tax gain of $17.9 million related to the sale of 550 acres of land.

Adjusted EBITDAP, Non-GAAP measure, for the second quarter of fiscal 2015 was $86.3 million, or 18.9% of net sales, compared to $32.7 million, or 8.1% of net sales, for the second quarter of fiscal 2014.

Segment performance, Non-GAAP measure, before environmental remediation provision adjustments, retirement benefit plan expense, and unusual items was $80.0 million for the second quarter of fiscal 2015, compared to $23.4 million for the second quarter of fiscal 2014.

Cash provided by operating activities in the second quarter of fiscal 2015 totaled $64.0 million, compared to $3.0 million in the second quarter of fiscal 2014. Cash provided by operating activities in the second quarter of fiscal 2015 included $40.0 million of proceeds related to the sale of 550 acres of land.

Free cash flow, Non-GAAP measure, in the second quarter of fiscal 2015 totaled $58.9 million, compared to $6.2 million in the second quarter of fiscal 2014.

As of May 31, 2015, the Company had $464.4 million in net debt, Non-GAAP measure, compared to $516.3 million as of November 30, 2014.

As of May 31, 2015, the Company had $2.3 billion of funded backlog compared to $2.2 billion as of November 30, 2014.


 

MORE INSIDE POST