CRDN Ceradyne, Inc. featured news, full reports, and detailed charts
Ceradyne, Inc. (CRDN) Wrap Up:
We develop, manufacture and market advanced technical ceramic products, ceramic powders and components for defense, industrial, automotive/diesel and commercial applications. In many high performance applications, products made of advanced technical ceramics meet specifications that similar products made of metals, plastics or traditional ceramics cannot achieve. Advanced technical ceramics can withstand extremely high temperatures, combine hardness with light weight, are highly resistant to corrosion and wear, and often have excellent electrical insulation capabilities, special electronic properties and low friction characteristics. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f26%2f0000950134-08-003360.html#FIS_BUSINESS"www.ceradyne.com
2,388 Employees
Founded in 1967
Ceradyne Inc. (CRDN:NASDAQ)
LAST $16.45 USD
CHANGE TODAY +0.03 0.18%
VOLUME 96.5K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Ceradyne Inc. (CRDN)
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OPEN
$16.28
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PREVIOUS CLOSE
$16.42
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DAY HIGH
$16.55
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DAY LOW
$16.28
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52 WEEK HIGH
12/4/08 - $27.75
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52 WEEK LOW
03/6/09 - $14.27
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MARKET CAP
422.4M
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AVERAGE VOLUME 3 mo
148.6K
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DILUTED EPS TTM
$0.59
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SHARES OUTSTANDING
25.7M
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CRDN Does Not Pay Dividends
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P/E TTM
27.8x
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CRDN Top Compensated Officers
Mr. Joel P. Moskowitz
Chairman, Chief Executive Officer and Preside...
Age: 69
Total Annual Compensation: $1.4M
Mr. Jerrold J. Pellizzon
Chief Administrative Officer, Chief Financial...
Age: 55
Total Annual Compensation: $659.4K
Mr. Kenneth R. Morris
Vice President of Operations
Age: 55
Total Annual Compensation: $360.4K
Mr. David P. Reed
Vice President, Assistant Corporate Secretary...
Age: 54
Total Annual Compensation: $629.2K
Mr. Bruce Lockhart
Vice President and President of Thermo Materi...
Age: 46
Total Annual Compensation: $357.9K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Ceradyne Inc. (CRDN)
Ceradyne Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Revised Earnings Guidance for the Year 2009; Provides Earnings Guidance for the Year 2010
10/27/2009
Ceradyne Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has posted sales of $108.0 million, compared with $167.7 million in third quarter 2008. Net income was $4.9 million, or $0.19 per fully diluted share compared to net income of $18.8 million or $0.71 diluted per share for the same period a year ago. Income from operations was $8.93 million compared to $32.20 million for the same period a year ago. For the nine months, the company's sales were $303.0 million, compared with $541.3 million in the same period last year. Net loss was $5.6 million, or $0.22 per fully diluted share compared to net income of $83.8 million or $3.12 diluted per share for the same period a year ago. Loss from operations was $0.82 million compared to income from operations of $32.20 million for the same period a year ago. Purchases of property, plant and equipment was $13.58 million compared to $35.93 million for the same period a year ago. Purchases of marketable securities were $136.17 million. Net cash provided by operating activities was $48.41 million compared to $126.99 million for the same period a year ago. The company is adjusting its guidance for the full fiscal year 2009 from $0.70 per fully diluted share to approximately $0.60 per fully diluted share and from sales of $420 to $440 million to sales of $410 to $415 million. The forward looking estimated fully diluted earnings per share guidance does not include the impact of the total restructuring and impairment pre-tax charges for all of 2009, which are estimated to be approximately $0.55 per fully diluted share. For the year 2010, the company expects sales range from $380 million to $430 million and earnings range from $0.60 to $1.05 per fully diluted share.
Ceradyne Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Capital Expenditure Guidance for the Full Year 2009 and 2010
10/27/2009
Ceradyne Inc. announced earnings results for the third quarter and nine months ended September 30, 2009. The company reported EBITDA was $17 million in the third quarter compared to $43 million in the same period last year. For the nine months of 2009, the company reported EBITDA of $17 million compared to a $156 million in a comparable period last year. The company announced the capital expenditure for the fiscal 2010 is $48 million and the big pieces of that really is China, where the company is going to spend a budget amount of $25.7 million. The company expects to close the full year 2009 with about $16 million to $17 million to capital expenditure.
Ceradyne Inc., Q3 2009 Earnings Call, Oct-27-2009
10/15/2009
Ceradyne Inc., Q3 2009 Earnings Call, Oct 27 2009
CRDN Competitors
| Company | Last | Change |
| Ducommun Inc | $19.01 USD | -0.12 |
| Force Protection Inc | $5.22 USD | +0.03 |
| Gencorp Inc | $8.79 USD | +0.08 |
| HEICO Corp | $38.99 USD | +0.09 |
| LMI Aerospace Inc | $11.70 USD | -0.35 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CRDN | Industry Range |
| Price/Earnings | 24.5x |
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| Price/Sales | 1.0x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | 24.3x |
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| TEV/Sales | 0.3x |
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CRDN |
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CRDN transactions
| Type Date |
Target |
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Merger/Acquisition
June 1, 2009 |
Diaphorm Technologies, LLC |
More Recent News About Ceradyne, Inc.
More news for CRDN
CERADYNE INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Preliminary Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q contains statements which may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. One generally can identify forward-looking statements by the use of forward-looking terminology such as "believes," "may," "will," "expects," "intends," "estimates," "anticipates," "plans," "seeks," or "continues," or the negative thereof, or variations thereon, or similar terminology. Forward-looking statements regarding future events and the future performance of the Company involve risks and uncertainties that could cause actual results to differ materially. Reference is made to the risks and uncertainties which are described in this report in Note 13 "Commitments and Contingencies" of the Notes to Consolidated Financial Statements, in this Item 2 "Management's Discussion and Analysis of Financial Condition and Results of Operations," and in Part II, Item 1A under the caption "Risk Factors." Reference is also made to the risks and uncertainties described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008, as filed with the Securities and Exchange Commission, in Item 1A under the caption "Risk Factors," and in Item 7 under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations." Overview We develop, manufacture and market advanced technical ceramic products, ceramic powders and components for defense, industrial, automotive/diesel and commercial applications. Our products include: • lightweight ceramic armor and enh...Click here to read the whole Article (external link)
Q3 2009 Ceradyne Earnings Release - Before Market Open
Earnings Announcements for Tuesday, October 27CompanySymbolTimeConferenceCall3M INDIA LTD3MINDIA.BOTime Not SuppliedA.M. Castle & CoCASBefore Market OpenListenAbaxis, Inc.ABAXAfter Market CloseABILITY ENTERPRISE2374.TW03:00 am ETAcadia Realty TrustAKRAfter Market CloseListenACE LimitedACEAfter Market CloseListenActelACTL4:15 pm ETListenADVANCED TECHNOLOGY & MATERIAL000969.SZTime Not SuppliedAdvent SoftwareADVSAfter Market CloseListenAEROSPACE COMMUNICATIONS HOLDING CO600677.SSTime Not SuppliedAGCOAGCOBefore Market OpenListenAIR CHINA LTDAICAF.PKTime Not SuppliedAK Steel Holding CorpAKS08:30 am ETAKER SEAFOODS ASAAKS.OL03:30 am ETAkzo Nobel N.V.AKZOF.PK02:00 am ETAlcon Inc.ACLAfter Market CloseListen...Click here to read the whole Article (external link)
CERADYNE INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Show all filings for CERADYNE INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for CERADYNE INC 27-Oct-2009Results of Operations and Financial Condition, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" ...Click here to read the whole Article (external link)
Ceradyne posts steep 3rd-quarter decline
COSTA MESA, Calif. (AP) -- Ceradyne Inc. posted a steep third-quarter decline Tuesday as the ceramics products saw fewer orders for its lightweight body armor programs, prompting the company to reduce its 2009 outlook. The Costa Mesa, Calif., company reported net income of $4.9 million, or 19 cents per share, down 74 percent from $18.8 million, or 71 cents per share in the prior year period. The latest results included a pretax charge of $1.8 million related to a loss on auction rate securities, which reduced earnings by roughly 7 cents per share.For the July-September period, sales sank 36 percent to $108 million from $167.7 million.Analysts surveyed by Thomson Reuters, on average, were looking for a profit of 28 cents on revenue of nearly $110 million.Ceradyne cut its previous 2009 guidance by 10 cents to 60 cents per share and also lowered its revenue outlook to $410 million to $415 million. That's down from its previous forecast of $420 million to $440 million.The company saw fewer orders in the three-month period, bringing in a total of $100.5 million. As of Sept. 30, it had a total backlog of $156.3 million, down nearly 11 percent, from $174.9 million a year earlier."Although lightweight ceramic body armor programs declined significantly in 2009, we believe that in 2010 body armor along with other defense programs will reach a sustainable level," said Joel Moskowitz, Ceradyne president and chief executive officer, in a statement.Ceradyne is exploring future opportunities of a new lighter weight generation of body armor, body armor for U.S. allies and vehicle armor components for U.S. as well as European vehicle makers. It also is hoping to draw in new business awards as a result of its recent acquisition of a military helmet maker.For 2010, Ceradyne anticipates earnings between 60 cents to $1.05 pe...Click here to read the whole Article (external link)
Ceradyne Earnings Call scheduled for 11:00 am ET today
Call DetailsCeradyne Earnings Conference Call (Q3 2009)Tue, Oct 27, 2009, 11:00 am EasternAbout Ceradyne (NasdaqGS:CRDN)Ceradyne, Inc. engages in the development, manufacture, and marketing of technical ceramic products, ceramic powders, and components for defense, industrial, automotive/diesel, and commercial applications in the United States and internationally. Its products include lightweight ceramic armor for soldiers and other military applications; ceramic industrial components for erosion and corrosion resistant applications; ceramic powders, including boron carbide, boron nitride, titanium diboride, calcium hexaboride, zirconium diboride, and fused silica, which are used in manufacturing armor and a range of industrial and consumer products; evaporation boats for metallization of materials for food packaging and other products; and ceramic diesel engine components. The company’s products also comprise functional and frictional coatings primarily for automotive applications; translucent ceramic orthodontic brackets; ceramic-impregnated dispenser cathodes for microwave tubes, lasers and cathode ray tubes; ceramic crucibles for melting silicon in the photovoltaic solar cell manufacturing process; ceramic missile radomes for the defense industry; and fused silica powders for precision investment casting. In addition, its products consist of neutron absorbing materials; nuclear chemistry products for use in pressurized water reactors and boiling water reactors; boron dopant chemicals for semiconductor silicon manufacturing and for ion implanting of silicon wafers; and ceramic bearings and bushings for oil drilling and fluid handling pumps. Ceradyne serves the U.S. government; prime government contractors; and industrial, automotive, diesel, and commercial manufacturers. The company was founded in 1967 and is based in Costa Mesa, California....Click here to read the whole Article (external link)
Ceradyne Inc. Q3 2009 Earnings Call Transcript
Ceradyne Inc. (CRDN) Q3 2009 Earnings Call October 28, 2009 11:00 am ET Executives Joel Moskowitz - Chairman and CEO Jerry Pellizzon - CFO David Reed - President of North American Operations Marc King - President of Ceradyne Armor System Michael Kraft - VP of Nuclear and Semiconductor Business Units Analysts Gary Liebowitz - Wells Fargo Securities Josephine Millward - Dougherty Avinash Kant - D.A. Davidson Tim Quillin - Stephens Incorporate Michael Lewitt - ThinkEquity Michael French - Morgan Joseph Jim Ricchiuti - Needham & Company Presentation Operator Ladies and gentlemen, thank you for standing by. Welcome to Ceradyne’s Third Quarter 2009 Conference Call. This conference is being recorded today, October 27, 2009 at the request of Ceradyne. All participants are currently in a listen-only mode. Later, we will conduct a question-and-answer session. We request that participants limit themselves to one question and one follow-up to allow others on the call an opportunity to participate. Hosting the call today is Joel Moskowitz, Ceradyne’s Chairman and Chief Executive Officer; with him are David Reed, President of North American Operations; Jerry Pellizzon, Chief Financial Officer; Marc King, President of Ceradyne Armor System and Michael Kraft, Vice President of Nuclear and Semiconductor Business Units. Before I turn the call over to Mr. Moskowitz, the company has requested that I read the following statement. The matters discussed in this conference call may include forward-looking statements regarding future events and the future performance of Ceradyne that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertaint...Click here to read the whole Article (external link)
[$$] Research Reports
Subscribe Now With these readers: Or copy the rss link: ...Click here to read the whole Article (external link)
CERADYNE INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue107,954 95,267 99,772 138,939 Cost of Revenue79,329 71,526 76,862 87,381 Gross Profit28,625 23,741 22,910 51,558 Operating ExpensesResearch Development2,862 3,178 3,472 3,803 Selling General and Administrative16,742 17,285 16,797 14,946 Non Recurring88 15,675 - 41 Others - - - - Total Operating Expenses - - - - Operating Income or Loss8,933 (12,397)2,641 32,768 Income from Continuing OperationsTotal Other Income/Expenses Net(1,049)559 621 (1,236)Earnings Before Interest And Taxes7,884 (11,838)3,262 31,532 Interest Expense1,520 1,864 2,085 1,025 Income Before Tax6,364 (13,702)1,177 30,507 Income Tax Expense1,428 (2,492)469 9,254 Minority Interest - - - - Net Income From Continuing Ops4,936 (11,210)708 21,253 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - ...Click here to read the whole Article (external link)
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