Global Brass and Copper Holdings Revenue

Global Brass and Copper Holdings revenue was $1.77 b in FY, 2018 which is a 13.1% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

2007
Global Brass and Copper Holdings is a subsidiary of Wieland

Global Brass and Copper Holdings Revenue Breakdown

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Global Brass and Copper Holdings revenue breakdown by business segment: 38.5% from Olin Brass, 34.7% from Chase Brass and 26.8% from A.J. Oster

Global Brass and Copper Holdings revenue breakdown by geographic segment: 95.2% from United States and 4.8% from Other

Global Brass and Copper Holdings Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018

Revenue

1.3b1.6b1.8b

Revenue growth, %

(11%)17%13%

Cost of goods sold

1.2b1.4b1.6b

Gross profit

181.6m184.0m186.7m

Gross profit Margin, %

14%12%11%

General and administrative expense

82.8m83.8m92.7m

Operating expense total

82.8m83.8m92.7m

EBIT

98.8m100.2m94.0m

EBIT margin, %

7%6%5%

Interest expense

26.2m17.6m16.8m

Pre tax profit

49.4m85.4m75.9m

Income tax expense

16.6m33.9m17.3m

Net Income

32.8m51.5m58.6m

EPS

1.52.32.6

Global Brass and Copper Holdings Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018

Cash

88.2m59.0m125.5m

Accounts Receivable

134.0m197.9m165.6m

Prepaid Expenses

18.3m33.3m8.5m

Inventories

163.7m208.1m218.2m

Current Assets

409.6m501.9m520.6m

PP&E

130.4m142.9m147.8m

Goodwill

4.4m4.5m4.4m

Total Assets

582.6m673.9m691.0m

Accounts Payable

88.9m117.1m114.1m

Short-term debt

4.5m5.0m4.6m

Current Liabilities

139.9m180.7m159.0m

Long-term debt

311.5m309.0m305.7m

Total Debt

316.0m314.0m310.3m

Total Liabilities

487.4m526.8m503.2m

Common Stock

200.0k200.0k200.0k

Additional Paid-in Capital

45.0m54.5m62.5m

Retained Earnings

51.2m97.1m148.8m

Total Equity

95.2m147.1m187.8m

Debt to Equity Ratio

3.3 x2.1 x1.7 x

Debt to Assets Ratio

0.5 x0.5 x0.4 x

Financial Leverage

6.1 x4.6 x3.7 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

48.7m58.9m55.4m66.9m83.9m91.4m57.9m91.1m101.1m110.3m

Accounts Receivable

142.8m138.0m146.7m196.0m170.1m162.9m211.6m197.0m199.6m208.8m

Prepaid Expenses

17.6m19.1m16.6m40.6m38.3m21.4m8.6m9.4m10.2m10.5m

Inventories

159.6m166.5m166.6m143.3m170.1m178.0m210.3m235.9m218.8m216.4m

Current Assets

369.4m385.4m391.6m450.0m464.7m461.7m490.5m533.4m533.7m546.2m

PP&E

112.7m116.5m122.8m131.2m132.0m132.7m141.9m142.1m143.4m146.4m

Goodwill

4.4m4.4m4.4m4.4m4.4m4.4m4.6m4.5m4.4m4.4m

Total Assets

527.6m547.6m559.9m623.1m641.6m627.6m660.2m702.1m698.6m720.9m

Accounts Payable

68.9m87.4m79.6m105.2m105.1m95.2m122.8m138.8m121.2m133.4m

Short-term debt

1.1m1.2m4.4m4.5m4.5m4.6m5.0m5.0m5.0m4.3m

Current Liabilities

122.2m125.8m123.2m166.7m168.3m141.7m153.0m175.9m157.9m167.1m

Long-term debt

307.3m303.0m312.4m310.5m309.6m308.8m308.1m307.1m306.3m305.0m

Total Debt

308.4m304.2m316.8m315.0m314.1m313.4m313.1m312.1m311.3m309.3m

Total Liabilities

454.8m466.2m472.8m512.5m513.6m486.4m498.3m520.9m502.4m516.4m

Common Stock

200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k

Additional Paid-in Capital

38.1m40.0m42.6m48.7m50.5m52.5m56.9m58.3m60.4m58.8m

Retained Earnings

33.7m41.3m44.4m66.8m82.1m93.1m111.9m131.5m144.3m164.8m

Total Equity

72.8m81.4m87.1m110.6m128.0m141.2m161.9m181.2m196.2m204.5m

Debt to Equity Ratio

4.2 x3.7 x3.6 x2.8 x2.5 x2.2 x1.9 x1.7 x1.6 x1.5 x

Debt to Assets Ratio

0.6 x0.6 x0.6 x0.5 x0.5 x0.5 x0.5 x0.4 x0.4 x0.4 x

Financial Leverage

7.2 x6.7 x6.4 x5.6 x5 x4.4 x4.1 x3.9 x3.6 x3.5 x

Global Brass and Copper Holdings Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018

Net Income

32.8m51.5m58.6m

Depreciation and Amortization

14.9m18.6m21.5m

Accounts Receivable

(15.0m)(49.8m)31.6m

Inventories

13.0m(9.7m)(13.3m)

Accounts Payable

18.5m18.9m(1.5m)

Cash From Operating Activities

95.3m49.2m122.1m

Capital Expenditures

(34.4m)(24.7m)(26.2m)

Cash From Investing Activities

(34.3m)(64.6m)(27.8m)

Long-term Borrowings

(365.4m)(14.0m)(31.3m)

Dividends Paid

(3.2m)(4.4m)(6.7m)

Cash From Financing Activities

(55.8m)(13.8m)(26.8m)

Net Change in Cash

4.7m(29.2m)66.5m

Interest Paid

27.0m16.8m16.9m

Income Taxes Paid

13.3m12.6m12.4m

Free Cash Flow

60.9m24.5m95.9m

Global Brass and Copper Holdings Ratios

USDQ1, 2016

Debt/Equity

4.2 x

Debt/Assets

0.6 x

Financial Leverage

7.2 x

Global Brass and Copper Holdings Operating Metrics

Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019

Copper Products Shipped, pounds

131.30 m131.80 m137 m520.80 m133.90 m126.20 m119.40 m507.30 m143.80 m147.50 m142.20 m564.60 m138.20 m

Copper Products Shipped (Olin Brass), pounds

63.50 m62.70 m72.60 m260.50 m66.90 m63.40 m56.50 m245.50 m63.30 m68.80 m63.40 m255.90 m62.40 m

Copper Products Shipped (Chase Brass), pounds

59.30 m58 m54.50 m222.70 m59.50 m54.50 m53 m218.50 m57.10 m54 m53.80 m212.40 m54.10 m

Copper Products Shipped (A.J. Oster), pounds

18.90 m19.30 m19.50 m75.60 m18.10 m18.90 m18.10 m81 m33.80 m35.10 m34.10 m134.70 m31.20 m

Net Sales per Pound

$2.50 $2.56 $2.55 $2.57 $2.94 $2.99 $3.17 $3.08 $3.28 $3.11 $3.02 $3.13 $3.11

Average Copper Price per Pound

$2.11 $2.13 $2.16 $2.20 $2.65 $2.58 $2.89 $2.80 $3.14 $3.09 $2.73 $2.93 $2.81

Manufacturing Facilities and Distribution Centers

11 16 16

Stock Keeping Units

14 k14 k12 k

Customers

1.60 k4.50 k4.20 k

Countries (Customers)

28 28 28