Company Information

  

Address: 3920 ARKWRIGHT ROAD
SUITE 200 
City: MACON 
State: GA 
Zip Code: 31210 
Telephone: 478-822-2801 

Description of Business

Primary SIC Code: 3713
(As filed with the SEC)  

The Company was incorporated in Delaware on September 24, 2013 as a special purpose acquisition company, or SPAC. On February 24, 2015 (the "Closing Date"), the Company consummated a business combination (the "Business Combination"), pursuant to which the Company acquired all of the outstanding capital stock of School Bus Holdings Inc. ("School Bus Holdings" or "SBH") from The Traxis Group, B.V. (the "Seller"), in accordance with the purchase agreement, dated as of September 21, 2014, by and among the Company, the Seller and, solely for purposes of Section 10.01(a) thereof, Hennessy Capital Partners I LLC (the "HCAC Sponsor"), as amended on February 10, 2015 and February 18, 2015 (as so amended, the "Purchase Agreement"). Pursuant to the Purchase Agreement, the total purchase price was paid in a combination of cash in the amount of $100 million and 12,000,000 shares of the Company's common stock, $0.0001 par value (the "Common Stock"), valued at $120 million.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20170.62NA27.42
03/2017-0.35NAN/E
12/2016-0.42NAN/E
09/2016-0.16NAN/E
06/20160.40NA29.75
03/20161.02NA10.64
12/20150.47NA21.57
09/20150.59NA16.88

Key Financial Ratios and Statistics

FYE: 09/30

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.63Total Liab/Total Assets1.20
Net Inc/Total Assets0.10Total Liab/Inv Cap2.38
Net Inc/Inv Cap0.19Total Liab/Comm Equity7.80
Pretax Inc/Net Sales0.04Interest Coverage Ratio6.14
Net Inc/Net Sales0.03Curr Debt/Equity-0.14
Cash Flow/Net Sales0.05LTD/Equity-2.45
SG&A/NetSales0.07Total Debt/Equity-2.58
Asset Utilization   Liquidity  
Net Receivables Turnover65.04Quick Ratio0.61
Inventory Turnover13.28Current Ratio1.16
Inventory Day Sales0.03Net Rec/Curr Assets0.06
Net Sales/Work Cap45.67Inv/Curr Assets0.47
Net Sales/PP&E28.54  

Income Statement (Millions)

  3/31/2018 12/30/2017 9/30/2017 7/1/2017
Total Revenues(Net Sales) 216.63 162.55 312.69 332.60
Cost of Goods Sold 194.96 141.90 273.18 287.59
Selling & Admin Exps 18.74 25.92 19.05 16.33
Operating Income 2.93 -5.27 20.46 28.68
Interest Exp 1.83 1.45 1.45 1.40
Pretax Income 2.12 -6.54 19.08 27.51
Other Income 1.02 0.19 0.07 0.23
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 1.84 -7.84 14.54 20.03

Balance Sheet (Millions)

Assets 3/31/2018 12/30/2017 9/30/2017 7/1/2017
Cash & Short Term Investments 10.35 23.21 62.62 50.31
Receivables - Total 12.19 6.28 10.15 34.18
Inventories - Total 105.39 74.33 76.16 126.60
Total Current Assets 140.81 113.80 160.45 223.17
Net Property, Plant & Equipment 38.13 36.19 34.71 34.16
Total Assets 277.22 248.84 295.82 366.78
Liabilities        
Accounts Payable 116.31 79.73 114.13 164.71
Debt in Current Liabilities 8.00 8.00 8.00 8.00
Total Current Liabilities 138.23 102.62 138.76 190.36
Long-Term Debt 139.61 141.42 143.22 145.03
Total Liabilities 347.17 314.15 354.33 426.41
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 40.00 40.00 40.00 50.00
Common Stock 0.00 0.00 0.00 0.00
Retained Earnings -106.06 -107.89 -100.06 -114.60
Treasury Stock NA NA NA NA
Total Stockholders' Equity -69.95 -65.32 -58.51 -59.63
Total Liabilities and Stockholders' Equity 277.22 248.84 295.82 366.78

Cash Flow Summary (Millions)

Categories 3/31/2018 12/30/2017 9/30/2017 7/1/2017
Net Cash Provided by Operating Activities 0.75 -33.81 41.89 15.08
Net Cash Provided by Investing Activities -3.57 -3.45 -2.06 -2.03
Net Cash Provided by Financing Activities -10.04 -2.15 -27.53 -1.16

Annual Summary Data (Millions)

Year Sales Net Income EPS
09/2014855.742.76--
09/20140.00-5.65--
09/2015919.1314.930.59
09/2016932.016.90-0.16
09/2017990.6028.80--
Growth Rates3.73----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1810923,13185.67




Report Date : 7/16/2018

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