LMI Aerospace (LMIA) Misses Q4 EPS by 18c, FY Sales Guidance Comes in Light
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LMI Aerospace, Inc. Announces Fourth Quarter and Full-Year 2015 Results
March 9, 2016 7:00 AM ESTST. LOUIS, March 09, 2016 (GLOBE NEWSWIRE) -- LMI Aerospace Inc. (Nasdaq: LMIA) ("LMI" or the "Company") announced its financial results for the fourth quarter and the twelve months ended December 31, 2015.
Highlights
Cost savings drove adjusted EBITDA to $10.9 million in the fourth quarter, 7.7 percent higher than the prior-year periodGenerated strong fourth-quarter operating cash flow of $26.6 million, the result of increased working capital focusReduced long-term debt by $11.5 million in the fourth quarter of 2015, further... More