Company Information

  

Address: 1250 WOOD BRANCH PARK DR STE 600  
City: HOUSTON 
State: TX 
Zip Code: 77079 
Telephone: 713-644-8182 

Description of Business

Primary SIC Code: 3620
(As filed with the SEC)  

American Electric Technologies, Inc. (the "Company", "AETI", "our", "us" or "we") was incorporated on October 21, 1996 as a Florida corporation. On May 15, 2007, we completed a business combination (the "M&I Merger") with M&I Electric Industries, Inc. ("M&I" or "M&I Electric"), a Texas corporation, and changed our name to American Electric Technologies, Inc. Our principal executive offices are located at 1250 Wood Branch Park Drive, Suite 600, Houston Texas 77079 and our telephone number is 713-644-8182. Our corporate structure currently consists of American Electric Technologies, Inc., which owns 100% of M&I Electric Industries, Inc., including its wholly-owned subsidiary, South Coast Electric Systems, LLC ("SCES") and M&I Electric Brazil Sistemas e Servicios em Energia LTDA ("M&I Brazil"). The manufacturing operations of SCES were sold on June 24, 2016. AETI has retained the entity along with the existing service organization.

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-0.34NAN/E
12/2017-0.30NAN/E
09/2017-0.78NAN/E
06/2017-0.98NAN/E
03/2017-0.84NAN/E
12/2016-0.89NAN/E
09/2016-1.12NAN/E
06/2016-0.79NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.26Total Liab/Total Assets0.60
Net Inc/Total Assets-0.06Total Liab/Inv Cap1.09
Net Inc/Inv Cap-0.11Total Liab/Comm Equity2.53
Pretax Inc/Net Sales-0.11Interest Coverage RatioNA
Net Inc/Net Sales-0.05Curr Debt/Equity0.06
Cash Flow/Net Sales-0.01LTD/Equity0.55
SG&A/NetSales0.14Total Debt/Equity0.61
Asset Utilization   Liquidity  
Net Receivables Turnover3.76Quick Ratio0.98
Inventory Turnover35.65Current Ratio1.07
Inventory Day Sales0.09Net Rec/Curr Assets0.75
Net Sales/Work Cap45.67Inv/Curr Assets0.08
Net Sales/PP&E6.81  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 8.29 12.87 13.27 12.96
Cost of Goods Sold 9.28 11.78 12.19 12.14
Selling & Admin Exps 1.81 1.59 1.77 1.59
Operating Income -2.84 -0.54 -0.75 -0.85
Interest Exp NA NA NA NA
Pretax Income -2.91 -0.51 -1.05 -1.15
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -2.96 2.37 -1.04 -1.06

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 0.68 2.34 1.15 3.75
Receivables - Total 10.67 12.50 15.30 13.50
Inventories - Total 1.94 1.33 1.17 1.11
Total Current Assets 14.79 16.70 17.85 18.63
Net Property, Plant & Equipment 6.78 6.92 6.94 7.02
Total Assets 32.68 35.92 36.69 37.21
Liabilities        
Accounts Payable 14.20 15.04 15.72 15.49
Debt in Current Liabilities 0.46 0.62 0.24 0.30
Total Current Liabilities 14.66 15.66 15.96 15.79
Long-Term Debt 5.66 5.52 6.13 6.10
Total Liabilities 20.60 21.40 25.12 24.85
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.01 0.01 0.01 0.01
Retained Earnings -6.28 -3.22 -5.50 -4.37
Treasury Stock -0.93 -0.92 -0.92 -0.89
Total Stockholders' Equity 7.63 10.08 7.14 7.95
Total Liabilities and Stockholders' Equity 28.23 31.48 32.26 32.80

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -1.51 1.40 -2.51 1.39
Net Cash Provided by Investing Activities -0.08 -0.19 0.37 0.72
Net Cash Provided by Financing Activities -0.07 0.00 -0.02 -0.41

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201359.244.550.48
12/201457.25-4.73-0.29
12/201549.08-2.59-0.36
12/201637.81-7.06-0.89
12/201747.13-2.23-0.30
Growth Rates-5.56----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18193,40038.85




Report Date : 7/16/2018

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