LMI Aerospace

LMI Aerospace is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Company provides a broad array of manufacturing capabilities, as well as engineering and value-added services to the large commercial, corporate and regional, and military aircraft markets. LMI Aerospace also provides prototyping, testing and design capabilities to customers in support of new product development and in-service aircraft. The Company is a preferred supplier to aircraft original equipment manufacturers and Tier 1 aerospace suppliers. In addition to aerospace products, LMI Aerospace produces components and assemblies for laser equipment used by semiconductor equipment manufacturers, electronic and electrical wire harnesses, cable assemblies, and mechanical sub-assemblies for the air and rail traffic control, medical equipment, telecommunications, and heavy equipment industries.

Type
Subsidiary
Parent Company
Sonaca
HQ
Saint Charles, US
Founded
1948
LMI Aerospace was founded in 1948 and is headquartered in Saint Charles, US

LMI Aerospace Office Locations

LMI Aerospace has offices in Saint Charles, Auburn, Lenexa, Los Angeles and in 13 other locations
Saint Charles, US (HQ)
411 Fountain Lakes Blvd
Saint Charles, US
3030 MO-94
Hurst, US
600 860 Airport Fwy
Wichita, US
2853 S Hillside Ave
Fredonia, US
1075 Fillmore St
Washington, US
6325 Avantha Dr
Show all (19)

LMI Aerospace Data and Metrics

LMI Aerospace Summary

Founding Date

1948
LMI Aerospace is a subsidiary of Sonaca

LMI Aerospace Financial Metrics

LMI Aerospace's revenue was reported to be $83.8 m in Q1, 2017
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

412.6 m387.8 m375.1 m85.2 m

Revenue growth, %

(6%)(3%)(77%)

Cost of goods sold

332.7 m

Gross profit

79.9 m

Gross profit Margin, %

19%

EBIT

(49.1 m)(8.9 m)20.8 m

EBIT margin, %

(12%)(2%)6%

Pre tax profit

(65.5 m)

Net Income

(58.5 m)(29 m)(2.2 m)(3.8 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

105.9 m97.3 m92.5 m97.6 m95.6 m87.3 m84 m89.7 m83.8 m

Cost of goods sold

86.8 m75.3 m75.3 m78.8 m79 m71.1 m68.5 m73.8 m71.4 m

Gross profit

19.1 m22 m17.2 m18.8 m16.6 m16.2 m15.5 m15.8 m12.4 m

Gross profit Margin, %

18%23%19%19%17%19%18%18%15%

General and administrative expense

13.8 m14.6 m12.6 m12.4 m9 m11.9 m11.8 m10.1 m13.3 m

Operating expense total

13.8 m14.6 m12.6 m12.4 m9 m11.9 m11.8 m10.1 m13.3 m

EBIT

4.2 m6.7 m4.3 m5.9 m6.1 m3.4 m(24.8 m)5.7 m(907 k)

EBIT margin, %

4%7%5%6%6%4%(30%)6%(1%)

Interest expense

(13.6 m)(5.9 m)(5.6 m)(5.6 m)(5.7 m)(5.3 m)(5.2 m)(5.6 m)(5.2 m)

Pre tax profit

(9.2 m)642 k(1.2 m)229 k283 k(1.9 m)(30.3 m)150 k(6.5 m)

Income tax expense

(1.8 m)(754 k)309 k(149 k)249 k(164 k)(410 k)159 k10 k

Net Income

(7.4 m)1.4 m(1.5 m)378 k34 k(1.8 m)(29.9 m)309 k(6.5 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.6 m7.9 m10.5 m2.5 m

Accounts Receivable

51.3 m

Inventories

113.2 m114.3 m114.8 m122.8 m

Current Assets

194.7 m194.6 m177.9 m180.1 m

PP&E

103.4 m99.5 m101 m99.5 m

Goodwill

113.2 m86.8 m86.8 m62.5 m

Total Assets

480.1 m442.4 m416 m383.6 m

Accounts Payable

19.4 m21.8 m13.2 m29.4 m

Current Liabilities

43.7 m51.3 m45.5 m57.6 m

Non-Current Liabilities

292.2 m273.1 m252.5 m240.5 m

Total Liabilities

335.9 m324.3 m298 m298.1 m

Additional Paid-in Capital

92.7 m95.5 m97.6 m100 m

Retained Earnings

51.9 m22.9 m20.7 m

Total Equity

118 m85.5 m

Financial Leverage

3.5 x4.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

1.8 m2.5 m2.6 m2.4 m476 k1.4 m3.6 m1.8 m723 k

Accounts Receivable

73.1 m64.7 m60.9 m61.1 m61.4 m55 m53.8 m54.8 m59.1 m

Inventories

108.8 m111.1 m121.7 m123.2 m118.9 m119.4 m123.7 m123.8 m130.3 m

Current Assets

193.4 m188.6 m199.8 m200.9 m195.3 m180.4 m185.1 m184.1 m194.7 m

PP&E

101.8 m96.5 m101.5 m102.4 m101.1 m98.3 m96.7 m96.4 m101.2 m

Goodwill

113.2 m113.2 m86.8 m86.8 m86.8 m86.8 m62.5 m62.5 m62.5 m

Total Assets

473.2 m464.2 m448 m448.6 m439.9 m414.5 m387.8 m385.4 m398.8 m

Accounts Payable

19 m20.6 m22.4 m22.6 m18 m19.9 m20 m21.9 m31.9 m

Current Liabilities

41.9 m47.6 m46.5 m51.8 m46.2 m44 m48 m45.6 m55.2 m

Non-Current Liabilities

293.2 m276.5 m283.9 m278.2 m274.9 m252.7 m251.5 m251 m262.9 m

Additional Paid-in Capital

94.2 m94.9 m96.5 m97.1 m97.2 m98.8 m99.3 m99.6 m101.6 m

Retained Earnings

44.1 m45.4 m21.5 m21.9 m21.9 m18.9 m(20.9 m)

Total Equity

118.6 m118.9 m117.8 m88.3 m88.9 m80.8 m

Financial Leverage

3.8 x3.7 x3.5 x4.4 x4.3 x4.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(58.5 m)(22.5 m)(2.2 m)(35.1 m)

Depreciation and Amortization

20.6 m22.5 m20.4 m19 m

Accounts Receivable

(4.7 m)14.3 m9.6 m(3 m)

Inventories

(23 m)(1.1 m)(1 m)(8.6 m)

Accounts Payable

(11.3 m)307 k(8.4 m)13.4 m

Cash From Operating Activities

(2.8 m)6.4 m2.6 m14.6 m

Purchases of PP&E

(23.7 m)(16.7 m)(16.6 m)(11.8 m)

Cash From Investing Activities

(22.3 m)(13.1 m)(16.3 m)(11.2 m)

Cash From Financing Activities

27.8 m(29.7 m)(13.5 m)(11.4 m)

Interest Paid

13.2 m7.4 m21.3 m18.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(7.4 m)1.4 m(1.5 m)378 k34 k(1.8 m)(29.9 m)309 k(6.5 m)

Accounts Receivable

73.1 m64.7 m60.9 m61.1 m61.4 m55 m53.8 m54.8 m59.1 m

Inventories

108.8 m111.1 m121.7 m123.2 m118.9 m119.4 m123.7 m123.8 m130.3 m

Accounts Payable

19 m20.6 m22.4 m22.6 m18 m19.9 m20 m21.9 m31.9 m

Traffic Overview of LMI Aerospace

LMI Aerospace Online and Social Media Presence

LMI Aerospace News and Updates

BRIEF-LMI Aerospace COO Demartino resigns

* LMI Aerospace COO Demartino resigns Source text for Eikon: Further company coverage:

LMI Aerospace Company Life and Culture

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