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
TheStreet Open House

AMG Advanced Metallurgical Group N.V. Reports First Quarter 2014 Results

Stocks in this article: AMG

Key Highlights

  • Revenue was $274.9 million in the first quarter 2014, a 7% decrease from the same period in 2013
  • EBITDA ([1])was $20.1 million in the first quarter 2014, a 10% decrease from the same period in 2013
  • Earnings per share on a fully diluted basis was $0.14 in the first quarter 2014, a 56% increase over the same period in 2013
  • Cash flows from operating activities were $5.7 million in the first quarter 2014, compared to $0.7 million in the same period in 2013
  • AMG Processing generated revenue of $145.1 million and EBITDA of $9.4 million in the first quarter 2014
  • AMG Engineering generated revenue of $48.8 million and EBITDA of $1.5 million in the first quarter 2014
  • AMG Mining generated revenue of $81.0 million and EBITDA of $9.1 million in the first quarter 2014
  • As of March 31, 2014, cash on the balance sheet was $97.9 million; net debt was $160.9 million

AMSTERDAM, Netherlands, May 8, 2014 (GLOBE NEWSWIRE) -- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") reported first quarter 2014 revenue of $274.9 million, a 7% decrease from $296.5 million in the first quarter 2013.

EBITDA decreased 10% to $20.1 million in the first quarter 2014 from $22.2 million in the first quarter 2013. Net income attributable to shareholders for the first quarter 2014 was $3.9 million, or $0.14 per fully diluted share, a 59% increase from $2.5 million, or $0.09 in the first quarter 2013.

Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO, said, "The specialty metals industry continued to experience low market prices during the first quarter 2014.  The management changes made in AMG Superalloys and AMG Titanium Alloys & Coatings began to yield operational improvements during the quarter.  These operational activities resulted in improved margins and cash flows, which is our primary focus.  We are also making progress on our strategic plans to optimize our portfolio and obtain critical mass in critical materials."

1 of 9

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!
DOW 17,390.13 +194.71 1.13%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,630.0810 +63.9430 1.40%

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