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Summary - Funding Rounds

Founding Date

1948

Total Funding

$15.5 m
In total, LMI Aerospace had raised $15.5 m. LMI Aerospace is a subsidiary of Sonaca

LMI Aerospace Revenue Breakdown

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LMI Aerospace revenue breakdown by business segment: 89.6% from Aerostructures and 10.4% from Engineering Services

LMI Aerospace Income Statement

Annual

USDFY, 2016

Revenue

346.2m

Revenue growth, %

(8%)

Cost of goods sold

286.4m

Gross profit

59.8m

Gross profit Margin, %

17%

General and administrative expense

44.5m

Operating expense total

74.1m

EBIT

(14.3m)

EBIT margin, %

(4%)

Interest expense

21.2m

Pre tax profit

(35.8m)

Income tax expense

(734.0k)

Net Income

(35.1m)

EPS

(2.7)

Quarterly

USDQ1, 2017

Revenue

83.8m

Cost of goods sold

71.4m

Gross profit

12.4m

Gross profit Margin, %

15%

General and administrative expense

13.3m

Operating expense total

13.3m

EBIT

(907.0k)

EBIT margin, %

(1%)

Interest expense

5.2m

Pre tax profit

(6.5m)

Income tax expense

10.0k

Net Income

(6.5m)

EPS

(0.5)

LMI Aerospace Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

7.9m10.5m2.5m

Accounts Receivable

58.2m48.5m51.3m

Inventories

114.3m114.8m122.8m

Current Assets

194.6m177.9m180.1m

PP&E

99.5m101.0m99.5m

Goodwill

86.8m86.8m62.5m

Total Assets

442.4m416.0m383.6m

Accounts Payable

21.8m13.2m29.4m

Short-term debt

3.4m2.4m2.7m

Current Liabilities

51.3m45.5m57.6m

Long-term debt

265.6m247.6m237.4m

Non-Current Liabilities

273.1m252.5m240.5m

Total Debt

269.0m250.0m240.1m

Common Stock

262.0k266.0k273.0k

Additional Paid-in Capital

95.5m97.6m100.0m

Retained Earnings

22.9m20.7m(14.4m)

Total Equity

118.1m118.0m85.5m

Debt to Equity Ratio

2.3 x2.1 x2.8 x

Debt to Assets Ratio

0.6 x0.6 x0.6 x

Financial Leverage

3.7 x3.5 x4.5 x

LMI Aerospace Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

(29.0m)(2.2m)(35.1m)

Depreciation and Amortization

22.5m20.4m19.0m

Accounts Receivable

14.3m9.6m(3.0m)

Inventories

(1.1m)(1.0m)(8.6m)

Accounts Payable

307.0k(8.4m)13.4m

Cash From Operating Activities

49.1m32.4m14.6m

Purchases of PP&E

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

Cash From Investing Activities

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

Long-term Borrowings

(337.6m)(112.3m)(72.7m)

Cash From Financing Activities

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

Net Change in Cash

6.4m2.6m(8.0m)

Interest Paid

7.4m21.3m18.7m

Income Taxes Paid

(3.0m)(6.4m)(228.0k)

Quarterly

LMI Aerospace Ratios

USDFY, 2014

Debt/Equity

2.3 x

Debt/Assets

0.6 x

Financial Leverage

3.7 x

LMI Aerospace Operating Metrics

Apr, 2018Oct, 2019May, 2020Apr, 2022

Manufacturing Facilities

151512

Awards

21

Enterprise Customers

1717

Locations

13

Manufacturing Space, sq. ft.

1 m1 m1 m

Markets

33

Products

40 k

LMI Aerospace Employee Rating

2.5190 votes
Culture & Values
2.5
Work/Life Balance
2.7
Senior Management
2.2
Salary & Benefits
2.8
Career Opportunities
2.4
Source