This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Viasystems Announces Third Quarter 2012 Results

Stocks in this article: VIAS

Pro Forma Information

The company’s net sales of $327.4 million for the quarter ended September 30, 2012 declined by approximately 5.1% compared to approximately $345.0 million pro forma combined net sales of Viasystems and DDi for the three months ended September 30, 2011, which included approximately $66.2 million of net sales by DDi. Similarly, net sales in the third quarter of 2012 declined by approximately 4.0% sequentially compared to the $341.0 million pro forma combined net sales of Viasystems and DDi for the three months ended June 30, 2012, which included approximately $44.1 million net sales by DDi. Year-over-year, decreased pro forma net sales into automotive, telecommunications, and military and aerospace end markets were partly offset by increased pro forma net sales into to customers in the industrial & instrumentation, and the computer and datacommunications end markets. Sequentially, pro forma net sales decreased into the automotive, industrial & instrumentation and telecommunications end markets, which were partially offset by increased pro forma net sales to customers in the computer and datacommunications end market, while pro forma net sales in the military and aerospace end market remained flat.

Cash and Working Capital

Cash and cash equivalents at September 30, 2012 were $94.4 million, compared with $71.3 million at December 31, 2011. Cash provided by operating activities during the nine months ended September 30, 2012 was $70.7 million, of which $38.5 million was provided during the third quarter. The company’s cash cycle metric of 33.7 days at September 30, 2012 was consistent with the pro forma result for that metric during the preceding quarter.

During the nine months ended September 30, 2012, the company used a net $344.7 million of cash for investing activities, of which $28.7 million was spent during the third quarter. In particular, capital expenditures during the nine months ended September 30, 2012 were $81.5 million, of which $29.0 million was spent during the third quarter, including approximately $4.1 million spent at locations acquired from DDi. During the quarter ended September 30, 2012, approximately $17.9 million of capital expenditures were incurred in connection with capacity expansion, relocation of facilities, replacement of fire-damaged equipment and other special projects.

5 of 8

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs