LMI Aerospace (Nasdaq: LMIA) reported earnings on May 7. Here are the numbers you need to know.

The 10-second takeawayFor the quarter ended March 31 (Q1), LMI Aerospace met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased.

Gross margins improved, operating margins dropped, net margins increased.

Revenue detailsLMI Aerospace booked revenue of $66.7 million. The three analysts polled by S&P Capital IQ wanted to see a top line of $67.4 million on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $60.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS detailsEPS came in at $0.41. The three earnings estimates compiled by S&P Capital IQ averaged $0.39 per share. GAAP EPS of $0.41 for Q1 were 11% higher than the prior-year quarter's $0.37 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin detailsFor the quarter, gross margin was 24.7%, 80 basis points better than the prior-year quarter. Operating margin was 11.1%, 50 basis points worse than the prior-year quarter. Net margin was 7.2%, 20 basis points better than the prior-year quarter.

Looking aheadNext quarter's average estimate for revenue is $70.2 million. On the bottom line, the average EPS estimate is $0.44.

Read more from the original source:

LMI Aerospace Beats Analyst Estimates on EPS