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Last $13.56 USD
Change Today -0.25 / -1.81%
Volume 89.1K
GSIG On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

gsi group inc (GSIG) Snapshot

Open
$13.70
Previous Close
$13.81
Day High
$13.76
Day Low
$13.40
52 Week High
12/29/14 - $14.99
52 Week Low
10/15/14 - $11.08
Market Cap
466.5M
Average Volume 10 Days
57.7K
EPS TTM
$0.35
Shares Outstanding
34.4M
EX-Date
--
P/E TM
38.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for GSI GROUP INC (GSIG)

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gsi group inc (GSIG) Details

GSI Group Inc., together with its subsidiaries, designs, develops, manufactures, and sells precision photonic and motion control components and subsystems to original equipment manufacturers in the medical, industrial, and electronics markets. The company operates through three segments: Laser Products, Medical Technologies, and Precision Motion. The Laser Products segment designs, manufactures, and markets photonics-based solutions. This segment offers galvanometer laser scanners and scanning solutions, such as laser scanhead; and CO2 lasers for coding, marking, engraving, and cutting of non-metals, laser sintering, laser converting, and laser aesthetics. It also offers fiber lasers for laser sintering, laser converting, additive manufacturing, and micromachining, as well as for material processing, including laser cutting, machining, welding, and drilling. This segment markets its products under the brand names of Cambridge Technology, Synrad, JK Lasers, and ExoTec Precision. The Medical Technologies segment designs, manufactures, and markets a range of medical grade technologies comprising visualization solutions, imaging informatics products, optical data collection and machine vision technologies, thermal printers, and light and color measurement instrumentation. This segment sells its products under the NDS, NDSsi, Dome, JADAK, General Scanning, and Photo Research brand names. The Precision Motion segment designs, manufactures, and markets optical encoders, air bearing spindles, and precision machined components. This segment markets its products under the brand names of MicroE Systems and Westwind. GSI Group Inc. sells its products through its direct sales force, as well as through resellers and distributors, including manufacturers’ representatives worldwide. The company was formerly known as GSI Lumonics Inc. and changed its name to GSI Group Inc. in 2005. GSI Group Inc. was founded in 1968 and is based in Bedford, Massachusetts.

gsi group inc (GSIG) Top Compensated Officers

Group Chief Executive Officer and Non Indepen...
Total Annual Compensation: $553.4K
Chief Financial Officer
Total Annual Compensation: $358.4K
Chief Operating Officer
Total Annual Compensation: $387.9K
Compensation as of Fiscal Year 2014.

gsi group inc (GSIG) Key Developments

GSI Group Seeks Acquisitions

John Roush, Chief Executive Officer of GSI Group Inc. (NasdaqGS:GSIG) said, "Our focus will be on both organic growth through differentiated new products, and acquisitions that improve our capabilities in target applications."

GSI Group Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charge in the Fourth Quarter of 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

GSI Group Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. During the fourth quarter of 2014, GSI generated revenue of $94.0 million, an increase of 14% from $82.2 million in the fourth quarter of 2013. In the fourth quarter of 2014, operating income from continuing operations was a loss of $34.2 million, compared to an income of $6.8 million during the fourth quarter of 2013. The decrease in operating income from continuing operations was attributable to a $41.4 million impairment of goodwill and intangible assets related to the NDS product line in the fourth quarter of 2014. Diluted earnings per share from continuing operations was a loss of $0.82 in the fourth quarter of 2014, compared to an income of $0.14 in the fourth quarter of 2013. Adjusted earnings per share was $0.24 in the fourth quarter of 2014, compared to $0.17 in the fourth quarter of 2013. Adjusted EBITDA was $15.3 million in the fourth quarter of 2014, compared to $13.6 million in the fourth quarter of 2013. Loss from continuing operations before income taxes was $34,303,000 against profit of $5,945,000 a year ago. Loss from continuing operations was $28,290,000 against $4,699,000 a year ago. Net loss attributable to GSI Group Inc. was $30,485,000 or $0.88 per diluted share against profit of $4,308,000 or $0.13 per diluted share a year ago. Net cash provided by operating activities was $8,635,000 against $14,752,000 a year ago. Purchases of property, plant &equipment was $1,632,000 against $1,815,000 a year ago. Revenue for the year ended December 31, 2014 was $364.7 million, an increase of 15% versus 2013, primarily as a result of the JADAK acquisition, which accounted for $45.4 million of the increase. Excluding the impact of the JADAK acquisition and changes in foreign exchange rates, the Company's revenue in 2014 increased approximately 1% compared to 2013. Operating income from continuing operations for 2014 was a loss of $16.8 million, compared to an income of $19.4 million for 2013. This decrease was primarily attributable to the $41.4 million impairment of goodwill and intangible assets related to the NDS product line. Adjusted EBITDA was $56.4 million in 2014, compared to $50.8 million in 2013. Diluted EPS from continuing operations was a loss of $0.49 in 2014, compared to an income of $0.29 in 2013. The decrease was largely due to the $41.4 million impairment charge in 2014. Adjusted earnings per share was $0.81 for the full year 2014, compared to $0.62 for the full year 2013, an increase of approximately 30% year over year. Loss from continuing operations before income taxes was $17,915,000 against profit of $16,177,000 a year ago. Loss from continuing operations was $16,909,000 against $9,977,000 a year ago. Net loss attributable to GSI Group Inc. was $24,252,000 or $0.70 per diluted share against profit of $7,309,000 or $0.21 per diluted share a year ago. Net cash provided by operating activities was $42,289,000 against $49,200,000 a year ago. Purchases of property, plant &equipment was $5,415,000 against $4,777,000 a year ago. Net debt (non-GAAP) $63,854,000 against $10,520,000 a year ago. For the full year 2015, the Company expects revenue from continuing operations of approximately $380 million, representing year-over-year organic revenue growth of 4% to 5%. For the full year 2015, the Company expects adjusted EBITDA to be approximately $60 million. The company expects to deliver more than 150-basis-point improvement in gross margins, giving the company the ability to invest for growth and weather the foreign exchange headwinds. The company expects to increase non-GAAP operating income by 10. Non-GAAP tax rate is expected to be approximately 35% and non-GAAP earnings per share is to increase nearly 10% as well. The company expects operating cash flows to be strong for the year despite approximately $3 million to $5 million planned restructuring to eliminate redundancy and reorganize to better position for success. The company also plan to increase capital expenditures of approximately 30% to $7 million for new production tool and to support new product launches in the year, and to start migrating to a more modern ERP environment in a few of manufacturing facilities. For the first quarter of 2015, the company expects revenue from continuing operations of between $88 million and $90 million, representing year-over-year organic growth of 2% to 4%. For the first quarter of 2015, the company expects adjusted EBITDA to be in the range of $10.5 million to $11.5 million. The company expects approximately $73 million of net debt. The company expects depreciation and amortization expense of approximately $4.5 million for the first quarter of 2015 The company reported $41.4 million impairment of goodwill and intangible assets related to the NDS product line in the fourth quarter of 2014.

GSI Group Seeks Acquisitions

GSI Group Inc. (NasdaqGS:GSIG) is seeking acquisitions. Robert Buckley, Chief Financial Officer, said, "We have a strong balance sheet which gives us additional capability to pursue strategic targets and a growth for acquisitions, while further leveraging our base. This concludes our prepared remarks."

 

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GSIG

Industry Average

Valuation GSIG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 2.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
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