AXSYS TECHNOLOGIES INC (AXYS) [Rocket]

Overview

AXSYS TECHNOLOGIES INC (AXYS)

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Recent News + Filings (All items)

Date Filed	Type	Description
02/12/2010	SC 13G/A	FRIESS ASSOCIATES LLC reports a 0% stake in Axsys Technologies Inc. Type or Class of Security: Common CUSIP Number: 54615109 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Friess Associates LLC 83-0334121 2. Check the Appropriate Box if a Member of a Group
09/14/2009	15-12G	Form 15-12G - Securities registration termination [Section 12(g)]
09/10/2009	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
09/10/2009	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
09/10/2009	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
09/10/2009	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
09/10/2009	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01
Revenues	245.5	171.6	129.9	108.7	103.5	85.1	79.6	86.1
Revenue growth	43.0%	32.1%	19.6%	5.0%	21.6%	6.9%	-7.6%	-4.7%
Cost of goods sold	162.2	115.9	89.0	74.4	72.9	62.0	59.5	72.4
Gross profit	83.3	55.7	40.9	34.3	30.7	23.1	20.1	13.7
Gross margin	33.9%	32.5%	31.5%	31.5%	29.6%	27.1%	25.3%	16.0%
Selling, general and administrative	33.8	26.2	21.9	18.4	18.6	16.0	16.3	18.5
Research and development
EBITA	41.8	24.3	15.5	12.9	9.4	5.0	0.0	-8.7
EBITA margin	17.0%	14.2%	11.9%	11.9%	9.1%	5.9%	0.0%	-10.1%
Amortization of intangibles	1.1	1.1	1.0	0.8	0.1
EBIT	40.7	23.3	14.5	12.1	9.3	5.0	0.0	-8.7
EBIT margin	16.6%	13.6%	11.2%	11.1%	9.0%	5.9%	0.0%	-10.1%
Pre-tax income	41.1	22.7	14.8	10.1	9.2	5.2	0.0	-8.4
Income taxes	14.8	8.6	5.5	3.8	0.0	0.2	3.0	-3.1
Tax rate	36.0%	38.0%	37.0%	37.5%		4.5%		37.0%
Earnings from continuing ops	26.3	14.1	9.3	6.3	9.2	5.0	-3.0	-5.3
Earnings from discontinued ops	25.9	2.7	1.0		-0.5		-4.6	-1.9
Net income	52.2	16.8	10.3	7.3	8.7	5.0	-7.1	-7.2
Net margin	21.3%	9.8%	7.9%	6.7%	8.4%	5.9%	-8.9%	-8.3%

Diluted EPS	$2.30	$1.27	$0.85	$0.75	$1.26	$0.71	($0.43)	($1.12)
Shares outstanding (diluted)	11.5	11.1	10.9	8.4	7.3	7.1	7.0	4.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.