TPCS Techprecision Corporation featured news, full reports, and detailed charts
Techprecision Corporation (TPCS/TPCS.OB) Wrap Up:
Techprecision Corporation offers services to provide precision manufacturing of integrated metal fabricated and machined components primarily for the solar, nuclear, and medical industries. Its principal services include metal fabrications, machining, and engineering. The company’s services are also used in military, commercial, shipbuilding, industrial, aerospace, and alternative energy applications. In addition, Techprecision Corporation operates as one of the few companies authorized to design and manufacture nuclear equipment. Its principal customers comprise defense and aerospace companies of the United States. The company was founded in 1956 and is based in Westminster, Massachusetts.www.techprecision.com
131 Employees
Founded in 1956
Techprecision Corporation (TPCS:OTC Bulletin Board Market)
LAST $0.80 USD
CHANGE TODAY 0.00 0.00%
VOLUME 14.0K
As of 1:14 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Techprecision Corporation (TPCS)
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OPEN
$0.80
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PREVIOUS CLOSE
$0.80
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DAY HIGH
$0.80
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DAY LOW
$0.80
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52 WEEK HIGH
12/9/08 - $1.15
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52 WEEK LOW
03/10/09 - $0.30
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MARKET CAP
11.1M
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AVERAGE VOLUME 3 mo
15.0K
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DILUTED EPS TTM
$0.13
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SHARES OUTSTANDING
13.9M
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TPCS Does Not Pay Dividends
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P/E TTM
6.3x
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TPCS Top Compensated Officers
Mr. Stanley A. Youtt
Director and Chief Executive Officer of Ranor...
Age: 62
Total Annual Compensation: $248.0K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for Techprecision Corporation (TPCS)
Techprecision Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2009
11/11/2009
Techprecision Corporation reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2009. For the three months ended September 30, 2009, sales increased to $15.1 million or 11.1%, from $13.6 million in the second quarter of fiscal 2009. Net sales included $8.9 million of material sales to GT Solar that were triggered by that customer's April 2009 cancellation of open purchase orders. This non-recurring material transfer represents 59.3% of the net sales for the quarter. Net income was $1.3 million or $0.09 per share basic and $0.06 per share diluted for the quarter ended September 30, 2009 as compared to $2.5 million or $0.18 per share basic and $0.09 per share diluted for the quarter ended September 30, 2008. For the quarter, the company reported income from operations of $1.9 million and income before taxes of $1.8 million compared to income from operations of $4.4 million and income before taxes of $4.3 million for the same period a year ago. For the quarter, the company reported net sales of $18.4 million and income from operations of $1.7 million and income before taxes of $1.5 million and net income of $1.5 million or $0.06 per diluted share compared to net sales of $25.2 million and income from operations of $7.2 million and income before taxes of $6.9 million and net income of $4.04 million or $0.15 per diluted share for the same period a year ago. Cash used in operations was $1.4 million for the six months ended September 30, 2009 as compared to cash provided by operations of $7.4 million for the six months ended September 30, 2008. The decrease in operating cash flow was due to the net effect of a decrease in net profits, decrease in costs incurred on uncompleted contracts and payment of accounts payable and accrued expenses during the six months ended September 30, 2009. For the period, the company purchases of property, plant and equipment of $9,220 compared to purchases of property, plant and equipment of $137,609 million for the same period a year ago.
Techprecision Corporation, Q2 2010 Earnings Call, Nov-12-2009
11/10/2009
Techprecision Corporation, Q2 2010 Earnings Call, Nov-12-2009
Techprecision Corporation Names William N. Hogenauer as Director of Business Development
11/5/2009
TechPrecision Corporation announced the hiring of William N. Hogenauer to the newly created position of Director of Business Development. Mr. Hogenauer joins TechPrecision from WebTCD that he co-founded and where he served as CEO.
TPCS Competitors
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Industry Analysis
| Valuation | TPCS | Industry Range |
| Price/Earnings | 5.8x |
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| Price/Sales | 0.4x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | 3.6x |
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| TEV/Sales | NM | Not Meaningful |
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TPCS transactions
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More Recent News About Techprecision Corporation
More news for TPCS
TECHPRECISION CORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Finan
Show all filings for TECHPRECISION CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for TECHPRECISION CORP 17-Nov-2009Results of Operations and Financial Condition, Regulation FD Disclosure, Finan 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 ...Click here to read the whole Article (external link)
TECHPRECISION CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue15,117 3,319 4,274 8,555 Cost of Revenue12,471 2,754 3,172 5,933 Gross Profit2,646 565 1,102 2,622 Operating ExpensesResearch Development - - - - Selling General and Administrative668 768 755 539 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss1,977 (203)347 2,083 Income from Continuing OperationsTotal Other Income/Expenses Net1 (1)1 (4)Earnings Before Interest And Taxes1,978 (204)347 2,079 Interest Expense107 104 110 111 Income Before Tax1,871 (308)237 1,968 Income Tax Expense550 (184)(631)955 Minority Interest - - - - Net Income From Continuing Ops1,321 (125)868 1,013 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
TECHPRECISION CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Statement Regarding Forward Looking Disclosure The following discussion of the results of our operations and financial condition should be read in conjunction with our financial statements and the related notes, which appear elsewhere. This quarterly report of on Form 10-Q, including this section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations," may contain predictive or "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based in part on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors. Those factors include those risks discussed under "Management's Discussion and Analysis" in our Form 10-K for the year ended March 31, 2009 and this Item 2 in this Form 10-Q and those described in any other filings which we make with the SEC. In addition, such statements could be affected by risks and uncertainties related to the U.S. and global economies, to our ability to generate business on an on-going business, to obtain any required financing, to receive contract awards from the competitive bidding process, maintain standards to enable us to manufacture products to exacting specifications, enter new markets for our services, market and...Click here to read the whole Article (external link)
TechPrecision Corporation Reports Second Quarter Fiscal Year 2010 Results
TECHPRECISION CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)   Three months ended  Six months ended September 30, September 30, 2009  2008 2009  2008  Net sales $ 15,117,114 $ 13,601,010 $ 18,436,025 $ 25,259,144 Cost of sales  12,471,343   8,588,210  ...Click here to read the whole Article (external link)
Q2 2010 TECHPRECISION CORP Earnings Release - Time Not Supplied
Earnings Announcements for Wednesday, November 11CompanySymbolTimeConferenceCallACEGAS SPAAEG.MITime Not SuppliedADLINK INTERNET AGLKI.FTime Not SuppliedAdvance Auto PartsAAPAfter Market CloseListenAEGEAN MARINE PETROLEUM NETWORK INCANWAfter Market CloseListenAeterna Zentaris Inc.AEZSBefore Market OpenAlliant Techsystems Inc.ATKAfter Market CloseListenALLOT COMMUNICATIONS LTDALLTTime Not SuppliedListenAmerican BiltriteABLAfter Market CloseAmerican DG Energy Inc.ADGEBefore Market OpenAmeriGas PartnersAPUBefore Market OpenListenANATOLIA MINERALS DEV LTDALIAF.PKTime Not SuppliedApplied MaterialsAMATAfter Market CloseListenARACRUZ CELULOSE S AARABefore Market OpenARCADIS NVARCVF.PKBefore Market OpenArden GroupARDNATime Not SuppliedArotech CorporationARTXAfter Mar...Click here to read the whole Article (external link)
TechPrecision Corporation Announces Conference Call to Discuss Second Quarter Fiscal 2010 Results
WESTMINSTER, Mass.--(BUSINESS WIRE)--TechPrecision Corporation (OTC Bulletin Board: TPCS - News) (“TechPrecisionâ€, or “the Companyâ€), a leading manufacturer of large-scale, high-precision machined metal fabrications with customers in the alternative energy, medical, nuclear, defense, aerospace and other commercial industries, announced today that it will conduct a conference call at 10:00 a.m. Eastern Time on Thursday, November 12, 2009, to discuss the second quarter fiscal 2010 results. TechPrecision Corporation CEO, Mr. Louis Winoski, and Chief Financial Officer, Mr. Richard Fitzgerald, will be participating in the conference call. The Company plans to make an earnings announcement prior to the call on Wednesday, November 11, 2009.To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 800-688-0796. International callers should dial +1-617-614-4070. When prompted by the operator, mention Conference Passcode 80080072.If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Thursday, November 12, 2009, at 12:00 p.m. Eastern Time. To access the replay, dial 888-286-8010 or 617-801-6888, and enter the passcode 65385019.About TechPrecision CorporationTechPrecision Corporation, through its wholly-owned subsidiary Ranor, Inc., ...Click here to read the whole Article (external link)
TechPrecision Hires William N. Hogenauer to Newly Created Position of Director of Business Development
WESTMINSTER, Mass.--(BUSINESS WIRE)--TechPrecision Corporation (OTC Bulletin Board: TPCS - News) (“TechPrecision†or “the Companyâ€), a leading manufacturer of large-scale, high-precision machined metal fabrications with customers in the alternative energy, medical, nuclear, defense, aerospace and other commercial industries, today announced the hiring of William N. Hogenauer to the newly created position of Director of Business Development. “We are pleased to welcome a professional of Bill’s caliber to TechPrecision,†said Mr. Louis Winoski, the Company’s Chief Executive Officer. “Bill has over 15 years of experience in sales, engineering, product development, and management. He is a proven leader and entrepreneur who knows how to take a project from concept to reality. Throughout his career, Bill has demonstrated an ability to open doors to new and profitable opportunities and develop lasting business relationships. Furthermore, he has worked in and understands the industries that TechPrecision targets. We are confident Bill will play an important role in broadening our addressable markets and leveraging TechPrecision’s unique capabilities to drive future growth in our business.â€Mr. Hogenauer joins TechPrecision from WebTCD, an early-stage medical device hardware and software company that he co-founded and where he served as CE...Click here to read the whole Article (external link)
TechPrecision Corporation Sees Renewed Growth in Nuclear Business
WESTMINSTER, Mass.--(BUSINESS WIRE)--TechPrecision Corporation (OTC Bulletin Board: TPCS - News) (“TechPrecisionâ€, or “the Companyâ€), a leading manufacturer of large-scale, high-precision machined metal fabrications with customers in the alternative energy, medical, nuclear, defense, aerospace and other commercial industries, today announced that it has experienced improved order flow from customers in the nuclear power industry. Ranor, the Company’s wholly-owned subsidiary, recently shipped $1.1 million of precision components to be used in the retrofit of an operating domestic nuclear power plant and has received an additional $1 million in orders to supply reactor internals and components for a next-generation nuclear power plant scheduled to enter construction.In addition, the Company has completed prototypes for a customer and received $.9 million in orders for a family of next-generation Type B transportation packages to be used in the transportation of a variety of radioactive materials used in the medical and research arenas. This product family is pending approval at the NRC and upon approval, is positioned to be among the first products on the market that comply with newly enacted NRC standards for Type B transportation packages.“The nuclear industry represents a key strategic growth area for TechPrecision and we believe these recent wins reflect the cusp o...Click here to read the whole Article (external link)
TechPrecision Corporation Nominates Philip Dur as Independent Director
WESTMINSTER, Mass.--(BUSINESS WIRE)--TechPrecision Corporation (OTC Bulletin Board: TPCS - News) (“TechPrecisionâ€, or “the Companyâ€), a leading manufacturer of large-scale, high-precision machined metal fabrications with customers in the alternative energy, medical, nuclear, defense, aerospace and other commercial industries, today announced that the Company has nominated Mr. Philip Dur for election as a new independent director on its board of directors at its upcoming annual shareholders meeting to be held on October 15, 2009. Mr. Dur possesses extensive experience in both the public and private sectors. He currently serves on the board of directors at Kennametal, Inc. (NYSE:KMT - News) and from October 2001 to June 2005 served as Corporate Vice President of Northrop Grumman Corporation (NYSE:NOC - News) and Pre...Click here to read the whole Article (external link)
TECHPRECISION CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Sta
Show all filings for TECHPRECISION CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for TECHPRECISION CORP 18-Sep-2009Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Sta 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 prov...Click here to read the whole Article (external link)
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