GenCorp Q2 net sales show marked improvement from prior year

11 July 2014

GenCorp Inc. (NYSE: GY) said it has reported results for the second quarter ended May 31, 2014.

Net sales for the second quarter of fiscal 2014 totaled USD403.1m compared to USD286.6m for the second quarter of fiscal 2013.

Net loss for the second quarter of fiscal 2014 was USD50.2m, or USD0.87 loss per share, compared to a net loss of USD11.8m, or USD0.20 loss per share, for the second quarter of fiscal 2013.

Repurchased USD45.7m principal of the company´s 4.0625 percent convertible subordinated debentures (4 1/16 percent debentures) up to 206 percent of par resulting in a charge of USD45.9m during the second quarter of fiscal 2014.

GenCorp is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale and leasing of the company´s excess real estate assets. Its website is at http://www.GenCorp.com.

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