LMIA » Topics » Net Sales.

These excerpts taken from the LMIA 10-K filed Mar 16, 2009.
Net Sales. The following table specifies the amount of the Engineering Services segment’s net sales by category for the five months ending December 31, 2007 and the percentage of the segment’s total net sales represented by each category. This segment was created with the acquisition of D3 Technologies, Inc. on July 31, 2007 and includes revenue for the period of August 1 through December 31 of 2007.
 
Category
 
Five Months Ended
December 31, 2007
   
% of Total
 
   
($ in millions)
 
Commercial Aircraft
  $ 15.4       50.7 %
Corporate Aircraft
    8.3       27.3  
Military
    4.8       15.8  
Tooling
    1.9       6.2  
Total
  $ 30.4       100.0 %

Approximately $28.6 million, or 94.1% of net sales, of the segment’s revenues were recorded under reimbursement type contracts for engineering services which generate net sales from labor hours incurred at varying, pre-negotiated rates and other direct costs plus an administrative fee.  Net sales under these reimbursement contracts are primarily for commercial, corporate, and military markets.  Net sales for services for commercial aircraft were approximately $15.4 million, or 50.7% of net sales. These revenues are primarily from programs supporting Boeing’s 747, 777 and 787 platforms.  Net sales for services supporting corporate and regional aircraft were approximately $8.3 million, or 27.3% of net sales, the majority of which related to the development of new aircraft programs. Net sales of
 
 
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services for military programs were $4.8 million, or 15.8% of net sales. These military revenues were derived from support provided on multiple Navy programs, the Lockheed Martin’s F-35 and various other programs.  Approximately $1.9 million, or 6.2% of net sales, primarily related to design and delivery of tooling on various programs supporting commercial aircraft.
 
Net Sales. The following table specifies the amount of the Engineering Services segment’s net sales by category for the five months ending December 31, 2007 and the percentage of the segment’s total net sales represented by each category. This segment was created with the acquisition of D3 Technologies, Inc. on July 31, 2007 and includes revenue for the period of August 1 through December 31 of 2007.
 
Category
 
Five Months Ended
December 31, 2007
   
% of Total
 
   
($ in millions)
 
Commercial Aircraft
  $ 15.4       50.7 %
Corporate Aircraft
    8.3       27.3  
Military
    4.8       15.8  
Tooling
    1.9       6.2  
Total
  $ 30.4       100.0 %

Approximately $28.6 million, or 94.1% of net sales, of the segment’s revenues were recorded under reimbursement type contracts for engineering services which generate net sales from labor hours incurred at varying, pre-negotiated rates and other direct costs plus an administrative fee.  Net sales under these reimbursement contracts are primarily for commercial, corporate, and military markets.  Net sales for services for commercial aircraft were approximately $15.4 million, or 50.7% of net sales. These revenues are primarily from programs supporting Boeing’s 747, 777 and 787 platforms.  Net sales for services supporting corporate and regional aircraft were approximately $8.3 million, or 27.3% of net sales, the majority of which related to the development of new aircraft programs. Net sales of
 
 
36

 
 
services for military programs were $4.8 million, or 15.8% of net sales. These military revenues were derived from support provided on multiple Navy programs, the Lockheed Martin’s F-35 and various other programs.  Approximately $1.9 million, or 6.2% of net sales, primarily related to design and delivery of tooling on various programs supporting commercial aircraft.
 
This excerpt taken from the LMIA 10-Q filed Nov 10, 2008.
Net Sales. The following table specifies the amount of the Engineering Services segment’s net sales by category for the nine months ending September 30, 2008 and the percentage of the segment’s total net sales represented by each category.
 
 
Category
 
Nine Months
Ended
September 30,
2008
   
% of
Total
 
   
($ in millions)
 
Commercial Aircraft
  $ 33.2       47.4 %
Corporate Aircraft
    23.1       33.0  
Military
    9.8       14.0  
Tooling
    4.0       5.7  
Total
  $ 70.1       100.0 %

 
 
 
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Approximately $66.9 million or 95.4% of the segment’s net sales for the first nine months of 2008 were recorded under reimbursement type contracts for engineering services which generate net sales from labor hours incurred at varying, pre-negotiated rates and other direct costs plus an administrative fee. Net sales under these reimbursement contracts are primarily for commercial, corporate and military markets. Net sales for services for commercial aircraft were $33.2 million or 47.4% of net sales for the nine month period ending September 30, 2008, primarily from design programs supporting Boeing’s 747-8, 777-Freighter and 787 platforms. Net sales for services supporting corporate aircraft were $23.1 million, or 33.0% of net sales for the nine month period ending September 30, 2008, the majority of which were on the development of the Gulfstream G650 and other re-designed aircraft. Net sales of services for military programs were $9.8 million or 14.0% of net sales for the nine month period ending September 30, 2008. These military revenues were derived from support provided on multiple Navy programs, the F-35 aircraft and various other programs. Tooling projects represented approximately $4.0 million, or 5.7% of net sales, primarily related to design and delivery of tooling on various programs supporting commercial aircraft.

This excerpt taken from the LMIA 10-Q filed Aug 7, 2008.
Net Sales. The following table specifies the amount of the Engineering Services segment’s net sales by category for the six months ending June 30, 2008 and the percentage of the segment’s total net sales represented by each category.
 
 
 
 
 
Category
Six Months
Ended June 30,
2008
 
% of
Total
 
   
($ in millions)
 
 
Commercial Aircraft
$
22.3
47.1
%
 
 
Corporate Aircraft
 
15.6
33.0
   
 
Military
 
6.5
13.7
   
 
Tooling
 
2.9
6.1
   
 
Total
$
47.3
100.0
%
 
             

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Approximately $45.6 million or 96.4% of the segment’s revenues for the first half of 2008 were recorded under reimbursement type contracts for engineering services which generate net sales from labor hours incurred at varying, pre-negotiated rates and other direct costs plus an administrative fee. Net sales under these reimbursement contracts are primarily for commercial, corporate and military markets. Net sales for services for commercial aircraft were $22.3 million or 47.1% of net sales for the second half of 2008, primarily from design programs supporting Boeing’s 747-8, 777-Freighter and 787 platforms. Net sales for services supporting corporate aircraft were $15.6 million, or 33.0% of net sales, the majority of which were on the development of the Gulfstream G650 and other re-designed aircraft. Net sales of services for military programs were $6.5 million or 13.7% of net sales. These military revenues were derived from support provided on multiple Navy programs, the F-35 aircraft and various other programs.

Tooling projects represented approximately $2.9 million, or 6.1% of net sales, primarily related to design and delivery of tooling on various programs supporting commercial aircraft.

This excerpt taken from the LMIA 10-Q filed May 9, 2008.
Net Sales.  This segment was created with the acquisition of D3 Technologies on July 31, 2007. The following table specifies the amount of the Engineering Services segment’s net sales by category for the three months ending March 31, 2008 and the percentage of the segment’s total net sales represented by each category.
Category
 
Three Months Ended March 31,
2008
% of Total
 
 
($ in millions)
Commercial Aircraft
$
11.1
47.6
%
Corporate Aircraft
 
7.2
30.9
 
Military
 
3.5
15.0
 
Tooling
 
1.5
6.4
 
Total
$
23.3
100.0
%
         

Net sales for the Engineering Services segment were $23.3 million. Approximately $22.2 million or 95.3% of the segment’s revenues were recorded under reimbursement type contracts for engineering services which generate net sales from labor hours incurred at varying, pre-negotiated rates and other direct costs plus an administrative fee.  Net sales under these reimbursement contracts are primarily for commercial, corporate, and military markets. Net sales for services for commercial aircraft were approximately $11.1 million, or 47.6% of net sales. These revenues are primarily from design programs supporting Boeing’s 747-8, 777-Freighter and 787 platforms.  Net sales for services supporting corporate aircraft were approximately $7.2 million, or 30.9% of net sales, the majority of which is on the development of new and re-designed aircraft. Net sales of services for military programs were $3.5 million, or 15.0% of net sales. These military revenues were derived from support provided on multiple Navy programs, F-35 and various other programs.

Approximately $1.1 million, or 4.7% of net sales, primarily related to design and delivery of tooling on various programs supporting commercial aircraft.

These excerpts taken from the LMIA 10-K filed Mar 14, 2008.
Net Sales. The following table specifies the amount of the Engineering Services segment’s net sales by category for the five months ending December 31, 2007 and the percentage of the segment’s total net sales represented by each category. This segment was created with the acquisition of D3 Technologies on July 31, 2007 and includes revenue for the period of August 1 through December 31 of 2007.
 
Category
 
Five Months Ended
December 31, 2007
   
% of Total
 
   
($ in millions)
 
Commercial Aircraft
  $ 15.4       50.7 %
Corporate Aircraft
    8.3       27.3  
Military
    4.8       15.8  
Tooling
    1.9       6.2  
Total
  $ 30.4       100.0 %
 
Approximately $28.6 million, or 94.1% of net sales, of the segment’s revenues were recorded under reimbursement type contracts for engineering services which generate net sales from labor hours incurred at varying, pre-negotiated rates and other direct costs plus an administrative fee.  Net sales under these reimbursement contracts are primarily for commercial, corporate, and military markets.  Net sales for services for commercial aircraft were approximately $15.4 million, or 50.7% of net sales. These revenues are primarily from programs supporting Boeing’s 747, 777 and 787 platforms.  Net sales for services supporting corporate aircraft were approximately $8.3 million, or 27.3% of net sales, the majority of which is on the development of new aircraft programs. Net sales of services for military programs were $4.8 million, or 15.8% of net sales. These military revenues were derived from support provided on multiple Navy programs, F-35 and various other programs.

Approximately $1.9 million, or 6.2% of net sales, primarily related to design and delivery of tooling on various programs supporting commercial aircraft.
 
 
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Net
Sales.
 The
following table specifies the amount of the Engineering Services segment’s net
sales by category for the five months ending December 31, 2007 and the
percentage of the segment’s total net sales represented by each category. This
segment was created with the acquisition of D3 Technologies on July 31, 2007 and
includes revenue for the period of August 1 through December 31 of
2007.

 










































































Category

 
Five
Months Ended

December
31, 2007

   
%
of Total

 
 
 
($
in millions)

 

Commercial
Aircraft

  $ 15.4       50.7
%

Corporate
Aircraft

    8.3       27.3  

Military

    4.8       15.8  

Tooling

    1.9       6.2  

Total

  $ 30.4       100.0
%


 

Approximately
$28.6 million, or 94.1% of net sales, of the segment’s revenues were recorded
under reimbursement type contracts for engineering services which generate net
sales from labor hours incurred at varying, pre-negotiated rates and other
direct costs plus an administrative fee.  Net sales under these
reimbursement contracts are primarily for commercial, corporate, and military
markets.  Net sales for services for commercial aircraft were
approximately $15.4 million, or 50.7% of net sales. These revenues are primarily
from programs supporting Boeing’s 747, 777 and 787 platforms.  Net
sales for services supporting corporate aircraft were approximately $8.3
million, or 27.3% of net sales, the majority of which is on the development of
new aircraft programs. Net sales of services for military programs were $4.8
million, or 15.8% of net sales. These military revenues were derived from
support provided on multiple Navy programs, F-35 and various other
programs.



Approximately
$1.9 million, or 6.2% of net sales, primarily related to design and delivery of
tooling on various programs supporting commercial aircraft.

 

 



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