Last €0.26 EUR
Change Today -0.012 / -4.41%
Volume 1.6K
As of 9:46 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

rec silicon asa (R3Q) Snapshot

Open
€0.26
Previous Close
€0.27
Day High
€0.27
Day Low
€0.25
52 Week High
03/11/14 - €0.61
52 Week Low
01/19/15 - €0.16
Market Cap
601.6M
Average Volume 10 Days
12.9K
EPS TTM
--
Shares Outstanding
2.3B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for REC SILICON ASA (R3Q)

Related News

No related news articles were found.

rec silicon asa (R3Q) Related Businessweek News

No Related Businessweek News Found

rec silicon asa (R3Q) Details

REC Silicon ASA produces and sells silicon materials worldwide. It provides solar and electronic grade polysilicon in various form factors, including granular, as-grown Siemens rods, rod segments, chunks, chips, and fines; and silicon gases, such as dichlorosilane, monochlorosilane, and disilane and polysilanes, as well as silane gas to the solar and electronics industries. The company was formerly known as Renewable Energy Corporation ASA and changed its name to REC Silicon ASA in October 2013. REC Silicon ASA is headquartered in Sandvika, Norway.

rec silicon asa (R3Q) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 10.0M NOK
Chief Financial Officer and Chief Financial O...
Total Annual Compensation: 112.8K NOK
Senior Vice President of Rec Solar
Total Annual Compensation: 5.3M NOK
Vice President of Legal and General Counsel
Total Annual Compensation: 145.8K NOK
Vice President of Commercial
Total Annual Compensation: 244.6K NOK
Compensation as of Fiscal Year 2013.

rec silicon asa (R3Q) Key Developments

REC Silicon ASA Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings and Operating Guidance for the First Quarter and Full Year of 2015; Reports Impairment Charge for the Fourth Quarter Ended December 31, 2014

REC Silicon ASA reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $126.2 million compared to $123.4 million a year ago. EBITDA was $38.0 million compared to $27.7 million a year ago. LBIT was $1.2 million compared to $9.7 million a year ago. Profit before tax from continuing operations was $110.9 million compared to loss before tax from continuing operations of $11.3 million a year ago. Profit from continuing operations was $119.0 million compared to loss from continuing operations of $3.2 million a year ago. Earnings per basic and diluted share from continuing operations were $0.05 against nil a year ago. Net cash flows from operating activities were $30.5 million compared to net cash out flows from operating activities of $15.7 million a year ago. Net debt increased to $94 million at December 31, 2014, from $68 million at September 30, 2014. This increase is due to the contribution of $75 million to the Yulin JV on October 14, 2014. Payments for property, plant and equipment and intangible assets were $16.8 million compared to $8.7 million a year ago. Profit from total operations was $119.9 million or $0.05 per diluted share against $31.4 million or nil per diluted share a year ago. For the full year, the company reported revenues of $493.0 million compared to $417.6 million a year ago. EBITDA was $232.9 million compared to $50.7 million a year ago. EBIT was $94.1 million compared to LBIT of $86.1 million a year ago. Profit before tax from continuing operations was $218.8 million compared to loss before tax from continuing operations of $244.8 million a year ago. Profit from continuing operations was $213.4 million compared to loss from continuing operations of $160.0 million a year ago. Earnings per basic and diluted share from continuing operations were $0.09 compared to loss per basic and diluted share of $0.07 a year ago. EBITDA excluding special items was $131.9 million compared to $30.3 million a year ago. Net cash flows from operating activities were $87.7 million compared to net cash flows out from operating activities of $1.2 million a year ago. Payments for property, plant and equipment and intangible assets were $35.8 million compared to $37.4 million a year ago. Profit from total operations was $212.8 million or $0.09 per diluted share against loss from total operations of $352.7 million or $0.16 per diluted share a year ago. Total capex expenditure during 2014 was $38 million, $22 million on maintenance. For fiscal year of 2015, the company expects total capital expenditures to be approximately $85 million including $60 million for capacity expansion initiatives in Moses Lake and Butte. Annual polysilicon production volume is targeted at 19,300 MT in 2015, a 2.7% increase compared to 2014. The increase is primarily due to shorter silane outages compared to 2014. The company targets first quarter 2015 polysilicon production of 5,300 MT. The company reported impairment charge for the fourth quarter ended December 31, 2014. For the period, the company reported impairment charge of $3.0 million compared to $4.5 million a year ago.

REC Silicon ASA, Q4 2014 Earnings Call, Feb 13, 2015

REC Silicon ASA, Q4 2014 Earnings Call, Feb 13, 2015

REC Silicon ASA - Special Call

To discuss continue to work to reduce the negative impacts of the US/China solar trade war

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
R3Q:GR €0.26 EUR -0.012

R3Q Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Gigasolar Materials Corp 496.50 TWD +7.50
Integrated Silicon Solution Inc $16.44 USD -0.20
Sino-American Silicon Products Inc 51.00 TWD -0.70
Solargiga Energy Holdings Ltd $0.28 HKD 0.00
Solarworld AG €11.06 EUR -0.24
View Industry Companies
 

Industry Analysis

R3Q

Industry Average

Valuation R3Q Industry Range
Price/Earnings 3.2x
Price/Sales 1.4x
Price/Book 0.7x
Price/Cash Flow 1.9x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact REC SILICON ASA, please visit www.recsilicon.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.