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Brush Engineered Materials Inc. Reports Operating Results (10-Q)

Nov 07, 2011 | About:
10qk
10qk

Brush Engineered Materials Inc. (BW) filed Quarterly Report for the period ended 2011-09-30.

Brush Engineered Materials Inc. has a market cap of $403.2 million; its shares were traded at around $0 with a P/E ratio of 14.2.


This is the annual revenues and earnings per share of BW over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of BW.


Highlight of Business Operations:

Gross margin was $57.4 million, or 15% of sales, in the third quarter 2011 compared to $58.2 million, or 18% of sales, in the third quarter 2010. For the first nine months of the year, gross margin was $175.8 million, or 15% of sales, in 2011 and $163.4 million, or 17% of sales, in 2010.

Advanced Material Technologies generated a gross margin of $30.8 million (11% of sales) in the third quarter 2011 and $27.2 million (13% of sales) in the third quarter 2010. Gross margin was $91.3 million in the first nine months of 2011, an improvement of $9.7 million over the gross margin of $81.6 million in the first nine months of 2010. Gross margin was 11% of sales in the first nine months of 2011 and 13% of sales in the first nine months of 2010.

Total SG&A, R&D and other-net expenses were $19.7 million (7% of sales) in the third quarter 2011 versus $18.2 million (8% of sales) in the third quarter 2010. These expenses totaled $58.8 million (7% of sales) in the first nine months of 2011, an increase of $3.8 million over the expenses of $55.0 million (9% of sales) in the first nine months of 2010.

The gross margin on Performance Alloys’ sales was $18.1 million, or 22% of sales, in the third quarter 2011 and $20.1 million, or 27% of sales, in the third quarter 2010. For the first nine months of the year, gross margin was $59.7 million, or 23% of sales, in 2011 and $54.7 million, or 25% of sales, in 2010.

SG&A, R&D and other-net expenses for Beryllium and Composites were $3.2 million, or 21% of sales, in the third quarter 2011 compared to $3.1 million, or 18% of sales, in the third quarter 2010. These expenses totaled $9.6 million, or 20% of sales, in the first nine months of 2011 and $8.2 million, or 18% of sales, in the first nine months of 2010.

Read the The complete Report

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