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Last $18.86 USD
Change Today +0.31 / 1.67%
Volume 17.0K
MPG On Other Exchanges
Symbol
Exchange
New York
Munich
As of 1:18 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

metaldyne performance group (MPG) Snapshot

Open
$18.54
Previous Close
$18.55
Day High
$19.05
Day Low
$18.54
52 Week High
02/23/15 - $20.72
52 Week Low
12/12/14 - $14.57
Market Cap
1.3B
Average Volume 10 Days
121.4K
EPS TTM
--
Shares Outstanding
67.1M
EX-Date
05/8/15
P/E TM
--
Dividend
$0.36
Dividend Yield
0.48%
Current Stock Chart for METALDYNE PERFORMANCE GROUP (MPG)

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metaldyne performance group (MPG) Details

Metaldyne Performance Group Inc. manufactures and sells components for use in powertrain and safety-critical platforms in the United States, Europe, and internationally. The company’s powertrain products include components for engine, transmission, and driveline applications; and safety-critical products comprise components for chassis, suspension, steering, and brake applications. It operates in three segments, HHI, Metaldyne, and Grede. The HHI segment offers engineered forgings, including transmission components, drive line 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, engine crankshaft dampers, differential gears and pinions, differential assemblies, valve bodies, hollow and solid shafts, clutch modules, and assembled end covers. The Grede segment manufactures cast, machined, and assembled components, such as turbocharger housings, differential carriers and cases, scrolls and covers, brake calipers and housings, knuckles, control arms, and axle components. The company serves vehicle original equipment manufacturers and tier I suppliers in the light, commercial, and industrial vehicle markets. Metaldyne Performance Group Inc. was founded in 2010 and is headquartered in Plymouth, Michigan.

12,000 Employees
Last Reported Date: 05/8/15
Founded in 2010

metaldyne performance group (MPG) Top Compensated Officers

Chief Executive Officer, Director, Chief Exec...
Total Annual Compensation: $857.6K
Co-President, Chief Executive Officer of Gred...
Total Annual Compensation: $670.0K
Co-President, Chief Executive Officer of Meta...
Total Annual Compensation: $658.5K
Chief Financial Officer and Treasurer
Total Annual Compensation: $468.8K
Compensation as of Fiscal Year 2014.

metaldyne performance group (MPG) Key Developments

Metaldyne Performance Group Inc. Completes Exchange Offer

Metaldyne Performance Group Inc. announced that it has completed its offer to exchange up to $600 million aggregate principal amount of its 7.375% Senior Notes due 2022, which have been registered under the Securities Act of 1933, as amended for any or all of its $600 million aggregate principal amount of its 7.375% Senior Notes due 2022, which are not registered under the Act. The exchange offer expired at 5:00 p.m. on June 8, 2015. As of the Expiration Date all of the outstanding original notes were validly tendered and accepted for exchange. The exchange offer was made pursuant to the registration rights agreement entered into in connection with the issuance of the original notes. The exchange notes are substantially identical to the original notes, except the exchange notes are registered under the Act and the restrictions on transfer and registration rights applicable to the original notes will not apply to the exchange notes. The original notes were sold in a private placement to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S, which sale was completed on October 20, 2014.

Metaldyne Performance Group Inc. Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 03:00 PM

Metaldyne Performance Group Inc. Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 03:00 PM. Venue: The Westin Chicago River North, 320 North Dearborn Street, Chicago, IL 60654, United States. Speakers: George Thanopoulos, Chief Executive Officer, Director, Chief Executive Officer of HHI and President of HHI, Mark P. Blaufuss, Chief Financial Officer and Treasurer.

Metaldyne Performance Group, Inc. Refinances Senior Secured Debt Facility

Metaldyne Performance Group Inc. announced the completion of a refinancing amendment to its senior secured credit facility pursuant to the terms of the related First Refinancing Amendment to the Credit Agreement providing for USD 1,327.9 million of term loans with a final maturity date of 2021. The USD 1,326.6 million of former USD denominated loans were repaid and carried pricing of LIBOR plus 3.25%, with a 1.00% LIBOR floor. The new loans were issued with estimated total fees and original issue discount of approximately USD 3.0 million. At the current interest rates and amounts outstanding, MPG is expected to save USD 6.6 million in annual cash interest, representing less than a six month payback of the fees incurred to enter into the New Facility. Goldman Sachs, Deutsche Bank Securities Inc., Bank of America, N.A. and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as the Joint Lead Arrangers and Joint Book Runners for the New Facility.

 

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Industry Analysis

MPG

Industry Average

Valuation MPG Industry Range
Price/Earnings 15.1x
Price/Sales 0.4x
Price/Book 2.3x
Price/Cash Flow 14.7x
TEV/Sales NM Not Meaningful
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