LONDON, April 17, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free earnings analysis on FMSA Holdings Inc. (NYSE: FMSA). On March 23, 2015, the company announced its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=FMSA%20Holdings&d=17-Apr-2015&s=FMSA to read our free earnings review on FMSA Holdings Inc. (FMSA). During Q4 FY14 and full-year FY14, the company's revenue grew 29% Y-o-Y and 37% Y-o-Y, respectively. President and CEO of FMSA, Jenniffer Deckard, stated that the company is proud of what it accomplished in FY14, as it continued to build on its strong record of financial performance and unwavering commitment to sustainable development. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=FMSA%20Holdings&d=17-Apr-2015&s=FMSA
Earnings Overview
During Q4 FY14, FMSA's revenue increased to $353.76 million as compared to $274.48 million in Q4 FY13. The company's revenue outperformed Bloomberg analysts' forecasts of $348.33 million in Q4 FY14. FMSA's Proppant Solutions segment's revenue rose to $324.38 million in Q4 FY14 from $245.75 million in Q4 FY13. Furthermore, the company's Industrial and Recreational Products segment's revenue improved to $29.38 million in Q4 FY14 from $28.73 million in Q4 FY13.
For Q4 FY14, FMSA's adjusted EBITDA surged 56% to $100.37 million from $64.12 million in Q4 FY13. Net income attributable to FMSA increased to $37.91 million, or $0.23 per diluted share, in Q4 FY14 from $10.65 million, or $0.06 per diluted share, in Q4 FY13. Analysts from Bloomberg had expected the company to report net income attributable to FMSA of $46.75 million, or $0.29 per diluted share, in Q4 FY14. Moreover, adjusted net income attributable to FMSA surged to $40.68 million, or $0.24 per diluted share, in Q4 FY14 from $17.94 million, or $0.11 per diluted share, in Q4 FY13. Free research on FMSA can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=FMSA%20Holdings&d=17-Apr-2015&s=FMSA
In FY14, FMSA's revenue increased to $1.36 billion from $988.39 million in FY13. The company's FY14 revenue slightly outperformed Bloomberg analysts' forecasts of $1.35 billion. FMSA's Proppant Solutions segment's revenue grew 44% to $1.23 billion in FY14 from $856.21 million in FY13. Moreover, Industrial and Recreational Products segment's revenue for FY14 stood at $124.23 million compared to $132.17 million in FY13.
During FY14, FMSA' adjusted EBITDA was $397.29 million, up 36% over adjusted EBITDA of $292.58 million in FY13. Net income attributable to FMSA came in at $170.45 million, or $1.03 per diluted share, in FY14 compared to $103.96 million, or $0.63 per diluted share, in FY13. Analysts from Bloomberg had expected net income attributable to FMSA of $179.33 million, or $1.08 per diluted share, in FY14.
As of December 31, 2014, FMSA had $76.92 million in cash and cash equivalents and $113.5 million available under its credit facilities. The company's total long-term debt was $1.25 billion as at December 31, 2014. Moreover, FMSA's leverage ratio was 3.15 as at December 31, 2014 compared with pro forma leverage ratio of 3.69 as at December 31, 2013. Sign up and read the free analyst's notes on FMSA at:
http://get.Investor-Edge.com/pdf/?c=FMSA%20Holdings&d=17-Apr-2015&s=FMSA
Commenting on the company's guidance and business outlook for FY15, Ms. Deckard said that FMSA believes that its long-standing customer relationships, industry-leading logistics platform, high-quality reserves, strong technology portfolio and commitment to sustainable development will serve it well in 2015 and beyond. She also asserted said that while FMSA expects FY15 to be challenging, the company believes that these attributes differentiate it from its competitors and will allow FMSA to gain market share this year. FMSA's experience is that it emerges from down cycles as a stronger company, and it is highly confident in its growth prospects for when the oil and gas market rebounds, she added.
Stock Performance
On the day of the earnings release, March 23, 2015, FMSA's stock rallied 5.35% to end the session at $5.71. Since then, the stock has witnessed mostly a positive trend. On the last close, Thursday, April 16, 2015, shares of the company finished at $8.99, which was 0.22% above their previous day's closing of $8.97. The stock oscillated between $8.74 and $9.04 during the session. A total of 1.37 million shares were traded which was above their three months average volume of 0.94 million shares. Over the previous three trading sessions and over the last one month, the company's shares have surged 8.57% and 56.89%, respectively. Further, the stock has gained 51.35% in the past three months. Shares in FMSA closed above their 50-day moving average of $6.67. Furthermore, the stock has a Relative Strength Index (RSI) of 81.80. Visit Investor-Edge and access the latest research on FMSA at:
http://get.Investor-Edge.com/pdf/?c=FMSA%20Holdings&d=17-Apr-2015&s=FMSA
Sneak Peek to Corporate Insider Trading
In the last one month, FMSA has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on FMSA is available at:
http://get.Investor-Edge.com/pdf/?c=FMSA%20Holdings&d=17-Apr-2015&s=FMSA
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