January 22, 2017 2:40 AM ET

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Company Overview of Metaldyne Performance Group Inc.

Company Overview

Metaldyne Performance Group Inc. manufactures and sells components for use in powertrain and safety-critical platforms in the United States, Europe, Asia, and internationally. The company operates through three segments: HHI, Metaldyne, and Grede. The HHI segment manufactures engineered metal-based components, including transmission components, driveline components, wheel hubs, axle ring and pinion gears, sprockets, balance shaft gears, timing drive systems, variable valve timing (VVT) components, transfer case components, and wheel bearings. The Metaldyne segment manufactures engineered metal-based powertrain products comprising connecting rods, VVT components, balance shaft systems and cra...

One Towne Square

Suite 550

Southfield, MI 48076

United States

Founded in 2010

12,000 Employees

Phone:

248-727-1800

Key Executives for Metaldyne Performance Group Inc.

Chief Executive Officer and Director
Age: 53
Total Annual Compensation: $937.1K
President and Chief Operating Officer
Age: 54
Total Annual Compensation: $750.0K
Chief Financial Officer
Age: 48
Total Annual Compensation: $600.0K
Executive Vice President of Sales
Age: 55
Total Annual Compensation: $276.7K
Compensation as of Fiscal Year 2015.

Metaldyne Performance Group Inc. Key Developments

Metaldyne Performance Group Inc. Declares Dividend, Payable on December 9, 2016

Metaldyne Performance Group Inc. declared a dividend of $0.0925 per share of common stock outstanding, payable on December 9, 2016 to stockholders of record as of November 18, 2016.

Metaldyne Performance Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 2, 2016; Provides Earnings Guidance for the Year of 2016

Metaldyne Performance Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended October 2, 2016. For the quarter, the company's net sales were $676.2 million against $746.6 million a year ago. Operating income was $50.2 million against $61.4 million a year ago. Income before tax was $22.5 million against $37.1 million a year ago. Net income attributable to stockholders was $19.3 million or $0.28 per diluted share against $28.2 million or $0.41 per diluted share a year ago. Adjusted EBITDA was $113.5 million against $128.8 million a year ago. Adjusted net income attributable to stockholders was $22.6 million or $0.33 per diluted share against $27.8 million or $0.40 per diluted share a year ago. Unadjusted EBITDA was $103.2 million against $120.0 million a year ago. Adjusted capital expenditures was $42.2 million against $51.1 million a year ago. Adjusted free cash flow was $71.3 million against $77.7 million a year ago. Net cash provided by operating activities was $69 million against $94 million a year ago. Capital expenditures was $51 million against $54 million a year ago. For nine months, the company's net sales were $2,144.1 million against $2,312.0 million a year ago. Operating income was $196.2 million against $218.0 million a year ago. Income before tax was $107.4 million against $145.3 million a year ago. Net income attributable to stockholders was $79.7 million or $1.15 per diluted share against $104.7 million or $1.52 per diluted share a year ago. Net cash provided by operating activities was $196.4 million against $211.6 million a year ago. Capital expenditures were $145.4 million against $168.7 million a year ago. Adjusted EBITDA was $386.4 million against $415.0 million a year ago. Adjusted net income attributable to stockholders was $94.6 million or $1.37 per diluted share against $104.6 million or $1.52 per diluted share a year ago. Unadjusted EBITDA was $351.1 million against $397.9 million a year ago. Adjusted Capital expenditures was $132.7 million against $149.0 million a year ago. Adjusted free cash flow was $253.7 million against $266.0 million a year ago. Net cash provided by operating activities was $196 million against $212 million a year ago. Capital expenditures was $145 million against $169 million a year ago. For fiscal 2016, the company expects income before tax to be between $130.7 million to $170.7 million. Interest expense, net of $104.4 million. Depreciation and amortization of $238.4 million. Unadjusted EBITDA in a range of $473.5 million to $513.5 million. Adjusted EBITDA to be between $500.0 million to $540.0 million. Capital expenditures to be between $190.0 million to $210.0 million. Adjusted free cash flow to be between $310.0 million to $330.0 million.

Metaldyne Performance Group Inc. to Report Q3, 2016 Results on Nov 03, 2016

Metaldyne Performance Group Inc. announced that they will report Q3, 2016 results at 9:00 AM, Eastern Standard Time on Nov 03, 2016

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 3, 2016
--
Buyback
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