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his is an estimated date of earnings release. Sign up for free newsletters and get more CNBC delivered to your inbox. The company leased office space in Sacramento to various third parties that generated $7.5 million in revenue in 2019.Aerojet Rocketdyne operates through two business segments, namely, Aerospace & Defense and Real Estate.The Aerospace & Defense segment deals with the company’s Aerojet Rocketdyne subsidiary. return _regex.test(_qs); if (typeof adunit != "string") return false; }(document.createElement('script'), return '
' Zacks Style Scores Education - Learn more about the Zacks Style Scores. (function(){ 'nid' : '101' Learn more about Zacks Equity Research reports, See all Aerospace - Defense Equipment Peers ». It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. . "),a=0;a Currently, it manufactures all four types of propulsion systems (liquid, solid, air-breathing, and electric) for space, defense, civil and commercial applications. mps.cloneAd = function() { return false; } var slotid = "mps-getad-" + adunit.replace(/\W/g, ""); The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Aerojet Rocketdyne Holdings, Inc.    Unaudited Condensed Consolidated Balance Sheet     September 30, 2020 December 31, 2019       (In millions) ASSETS Current Assets    Cash and cash equivalents$1,010.0  $932.6  Restricted cash3.0  3.0  Marketable securities1.5  —  Accounts receivable, net182.4  112.5  Contract assets273.3  224.1  Other current assets, net138.5  145.8  Total Current Assets1,608.7  1,418.0  Noncurrent Assets    Right-of-use assets48.9  48.0  Property, plant and equipment, net403.8  409.9  Recoverable environmental remediation costs228.8  234.8  Deferred income taxes107.8  121.9  Goodwill161.4  161.4  Intangible assets48.0  58.2  Other noncurrent assets, net247.4  255.6  Total Noncurrent Assets1,246.1  1,289.8  Total Assets$2,854.8  $2,707.8  LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities    Current portion of long-term debt$297.7  $284.7  Accounts payable93.7  127.3  Reserves for environmental remediation costs42.1  40.1  Contract liabilities343.4  262.3  Other current liabilities144.2  155.5  Total Current Liabilities921.1  869.9  Noncurrent Liabilities    Long-term debt331.4  352.3  Reserves for environmental remediation costs262.0  269.1  Pension benefits379.9  398.9  Operating lease liabilities38.3  39.1  Other noncurrent liabilities213.2  201.8  Total Noncurrent Liabilities1,224.8  1,261.2  Total Liabilities2,145.9  2,131.1  Commitments and contingencies    Stockholders’ Equity    Common stock7.7  7.7  Other capital585.2  573.3  Treasury stock(25.0) (12.7) Retained earnings347.2  244.9  Accumulated other comprehensive loss, net of income taxes(206.2) (236.5) Total Stockholders’ Equity708.9  576.7  Total Liabilities and Stockholders’ Equity$2,854.8  $2,707.8  Aerojet Rocketdyne Holdings, Inc.    Unaudited Condensed Consolidated Statements of Cash Flows     Nine months ended September 30,  2020 2019       (In millions) Operating Activities    Net income $102.3  $115.7  Adjustments to reconcile net income to net cash provided by operating activities:    Depreciation and amortization49.7  53.4  Amortization of debt discount and deferred financing costs7.4  7.0  Stock-based compensation13.2  24.5  Retirement benefits, net18.9  16.2  Other, net0.2  0.3  Changes in assets and liabilities, net of effects from acquisition in 2019:    Accounts receivable, net(69.9) (29.7) Contract assets(49.2) (2.0) Other current assets, net7.3  (22.8) Recoverable environmental remediation costs6.0  10.5  Other noncurrent assets, net6.9  (21.5) Accounts payable(33.6) 7.8  Contract liabilities81.1  (4.5) Other current liabilities(12.0) (45.1) Deferred income taxes4.2  (19.3) Reserves for environmental remediation costs(5.1) (9.7) Other noncurrent liabilities and other11.2  15.6  Net Cash Provided by Operating Activities138.6  96.4  Investing Activities    Purchases of marketable securities(26.5) —  Sales of marketable securities25.0  —  Capital expenditures(31.0) (16.3) Net Cash Used in Investing Activities(32.5) (16.3) Financing Activities    Debt repayments(14.7) (15.9) Repurchase of shares for withholding taxes and option costs under equity plans(8.8) (7.5) Proceeds from shares issued under equity plans7.1  5.1  Purchase of treasury stock(12.3) —  Net Cash Used in Financing Activities(28.7) (18.3) Net Increase in Cash, Cash Equivalents and Restricted Cash77.4  61.8  Cash, Cash Equivalents and Restricted Cash at Beginning of Period935.6  740.3  Cash, Cash Equivalents and Restricted Cash at End of Period$1,013.0  $802.1  Use of Unaudited Non-GAAP Financial MeasuresAdjusted EBITDAP, Adjusted Net Income, and Adjusted EPSThe Company provides the Non-GAAP financial measures of its performance called Adjusted EBITDAP, Adjusted Net Income, and Adjusted EPS. } Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Source: Kantar Media. CNBC_Comscore = 'quotes'; Suite 500 Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Free Cash Flow should not be considered in isolation, as a measure of residual cash flow available for discretionary purposes, or as an alternative to cash flows from operations presented in accordance with GAAP. Zacks Sector Rank Education -- Learn more about the Zacks Sector Rank. 'is_content' : '0' , A Division of NBCUniversal. Subscribe to Premium to view Fair Value for AJRD. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. ("undefined"!=typeof FormData&&t instanceof FormData))try{return JSON.stringify(t).length}catch(e){return}}}},{}],19:[function(t,e,n){var r=0,o=navigator.userAgent.match(/Firefox[\/\s](\d+\.\d+)/);o&&(r=+o[1]),e.exports=r},{}],20:[function(t,e,n){function r(t,e){if(!o)return!1;if(t!==o)return!1;if(!e)return!0;if(!i)return!1;for(var n=i.split("."),r=e.split(". Excluded from segment performance are: corporate income and expenses, interest expense, interest income, income taxes, and unusual items not related to the segment. Your browser will redirect to your requested content shortly. Aerojet Rocketdyne Holdings. A reconciliation of the Non-GAAP measures to the most directly comparable GAAP measures is included at the end of the release.“We continued our strong momentum in top line growth in the third quarter with sales of $528 million, up 10% from a year ago. at Zacks.com Wed, Sep. 23. 'subtype' : 'blog' , An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. The Zacks Rank has been called the Billion Dollar Secret. }); Aerojet Rocketdyne (AJRD) delivered earnings and revenue surprises of -17.39% and 0.70%, respectively, for the quarter ended September 2020. mps._queue = mps._queue || {}; Get Aerojet Rocketdyne Holdings Inc (AJRD:NYSE) real-time stock quotes, news and financial information from CNBC. mpsload.src = "//" + mpsopts.host + "/fetch/ext/load-" + mpscall.site + ".js?nowrite=2"; International stock quotes are delayed as per exchange requirements. publicly available sources. if (mps._urlContainsEmail()) { Aerojet Rocketdyne is also a major supplier of propulsion products to top original equipment manufacturers (OEMs) such as Boeing, Lockheed Martin, Raytheon and United Launch Alliance (a joint venture between Lockheed Martin and Boeing). We’ve had strong cash generation in 2020 with year-to-date free cash flow of $108 million, up 34% from the first nine months of 2019.”“In addition to the growth we’re seeing on our existing programs, I’m very excited about the announcement during the quarter that Northrop Grumman was awarded the contract for the Engineering and Manufacturing Development (“EMD”) phase of the Ground Based Strategic Deterrent (“GBSD”) program,” continued Drake. mps._queue.mpsloaded = mps._queue.mpsloaded || []; }); Backlog is subject to funding delays or program restructurings/cancellations which are beyond the Company’s control.COVID-19During the three and nine months ended September 30, 2020, the Company’s financial results and operations were not materially adversely impacted by the coronavirus (“COVID-19”) pandemic. if (!_qs) { 'template' : 'quote_custom_redesign' , 'pubdate' : '1471967642' , document.cookie = "__adblocker=" + (adblocker ? 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