Lmi Aerospace, Inc. (LMIA) Tops Q3 EPS by 1c
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LMI Aerospace Announces Third Quarter 2014 Results and New Strategy
November 6, 2014 7:00 AM ESTST. LOUIS, Nov. 6, 2014 (GLOBE NEWSWIRE) -- LMI Aerospace, Inc. (Nasdaq: LMIA), a leading provider of design engineering services and supplier of structural assemblies, kits and components to the aerospace and defense markets, today announced its financial results for the third quarter ended September 30, 2014.
Third Quarter 2014 Highlights
Net sales of $97.3 million and adjusted EBITDA of $15.0 million for the third quarter of 2014 Â Generated $21.1 million of operating cash flow and paid down $16.7 million of debt in the third quarter of 2014 Â Initiated further cost reduction actions projected to generate over $1.5 million in recurring annual... More