With more than 10,000 employees worldwide, GenCorp is a major technology-based manufacturing company headquartered in Sacramento, California. GenCorp’s four businesses, Aerojet,
Real Estate, Aerojet Fine Chemicals and GDX Automotive, concentrate on four principal market areas: aerospace and defense, real estate, pharmaceutical fine chemicals, and automotive.
GenCorp has been in business for the better part of a century. Established in 1915, GenCorp was formerly the General Tire & Rubber Company. The name change was implemented in 1984
when GenCorp was formed as a parent holding company. In a subsequent restructuring, the company exited the tire business by divesting General Tire. In 1999, GenCorp spun off its Decorative  & Building Products and Performance Chemicals businesses into a separate, publicly-traded company called OMNOVA Solutions, Inc.
Today, GenCorp’s family of businesses, Aerojet, Real Estate,Aerojet Fine Chemicals and GDX Automotive, work toward theCompany's vision to be one of the most respected, diversified companies in the world.

http://www.gencorp.com

GenCorp Reports 2010 Third Quarter Results 
SACRAMENTO, Calif., Sept 29, 2010 /PRNewswire via COMTEX/ --
GenCorp Inc. (NYSE: GY) today reported results for the third quarter of 2010. 
Financial Overview
The Company provides Non-GAAP measures as a supplement to financial results based on GAAP. A reconciliation of the Non-GAAP measures to the most directly comparable GAAP measures is included at the end of the release.
Sales for the third quarter of 2010 increased by 4.6%, and totaled $210.7 million compared to $201.4 million for the third quarter of 2009. 
Adjusted EBITDAPfor the third quarter of 2010 was $31.8 million, or 15.1% of net sales, compared to $23.9 million, or 11.9% of net sales, for the third quarter of 2009. 
Segment performance before environmental remediation provision adjustments, retirement benefit plan expense (benefit), and unusual items was $30.4 million for the third quarter of 2010, compared to $21.3 million for the third quarter of 2009. 
Net income for the third quarter of 2010 was $2.8 million, or $0.05 diluted earnings per share, compared to net income of $10.3 million, or $0.17 diluted earnings per share, for the third quarter of 2009. 
Cash provided by operating activities in the first nine months of 2010 totaled $127.9 million, compared to $75.3 million in the first nine months of the prior year. 
Free cash flow (defined as cash provided by operating activities less capital expenditures) in the first nine months of 2010 totaled $117.9 million, compared to $67.8 million in the first nine months of the prior year. 
As of August 31, 2010, the Company had $202.0 million in net debt (defined as debt principal less cash and marketable securities). 
"Our results for the third quarter of 2010 demonstrated continued improvement in our core operating results," said Scott J. Seymour, GenCorp Inc. President and CEO, and President, Aerojet - General Corporation. "We continue to focus on delivering excellent program performance, driving strong financial performance, and creating long-term value for our shareholders." 
 
 

GenCorp Reports 2010 Second Quarter Results 
SACRAMENTO, Calif., July 8, 2010 /PRNewswire via COMTEX/ -- GenCorp Inc. (NYSE: GY) today reported results for the second quarter of 2010. 
Financial Overview
Sales for the second quarter of 2010 increased by 28%, and totaled $234.1 million compared to $183.0 million for the second quarter of 2009. 
Adjusted EBITDAPfor the second quarter of 2010 was $30.8 million, compared to $24.3 million for the second quarter of 2009. 
Segment performance before environmental remediation provision adjustments, retirement benefit plan expense (benefit), and unusual items for Aerospace and Defense in the second quarter of 2010 was $28.2 million, compared to $20.1 million for the second quarter of 2009. 
Net income for the second quarter of 2010 was $13.5 million, or $0.19 diluted earnings per share, compared to net income of $9.2 million, or $0.16 diluted earnings per share for the second quarter of 2009. 
Cash provided by operating activities in the first half of 2010 totaled $109.5 million, compared to $40.8 million in the first half of the prior year. 
As of May 31, 2010, the Company had $221.8 million in cash and marketable securities, including $10.4 million of cash restricted for the repurchase of debt. 
"We are very pleased to report continued improvement in our quarterly and year-to-date results," said Scott J. Seymour, GenCorp Inc. President and CEO, and President, Aerojet - General Corporation. "We remain focused on delivering excellent performance to our customers, driving improvements and efficiencies across our operations, and creating value through the enhancement and expansion of our business." 
Operations Review.....

GenCorp Announces Appointment of President and CEO 
SACRAMENTO, Calif., Jan 06, 2010 /PRNewswire via COMTEX/ -- GenCorp Inc. (NYSE: GY) announced that effective today, J. Scott Neish resigned from his positions as Interim President and Interim Chief Executive Officer of GenCorp Inc. ("the Company") and President of Aerojet-General Corporation. 
Also effective, January 6, 2010, the Company entered into an employment agreement with Scott Seymour to serve as the Company's President and Chief Executive Officer. Mr. Seymour will also serve as President, Aerojet-General Corporation. 
Mr. Seymour has been a consultant to Northrop Grumman Corporation, a global defense and technology company ("Northrop"), since March 2008. Mr. Seymour joined Northrop in 1983. Prior to becoming a consultant, Mr. Seymour most recently served as Corporate Vice President and President of Integrated Systems Sector of Northrop from 2002 until March 2008. Mr. Seymour also served as Vice President, Air Combat Systems, Vice President and B-2 Program Manager and Vice President, Palmdale Operations, of Northrop, from 1998 to 2001, 1996 to 1998 and 1993 to 1996, respectively. Prior to joining Northrop, Mr. Seymour was involved in the manufacture and flight-testing of F-14A, EF-111A and F / A-18A aircraft for each of Grumman Aerospace Corporation and McDonnell Aircraft Company. 
In addition, the Board of Directors of the Company (the "Board") authorized an increase in the size of the Board to eight members and elected Mr. Seymour to serve as a director to fill the vacancy created by the increase in the size of the Board until the next annual meeting of shareholders when he, or his successor, is elected and qualified. 
 

GenCorp Reports 2009 Third Quarter Results 
SACRAMENTO, Calif., Oct. 8 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: GY) today reported results for the third quarter of 2009.
Sales for the third quarter of 2009 totaled $201.4 million compared to $172.5 million for the third quarter of 2008. The increase in sales is primarily the result of growth in the various Standard Missile programs and increased deliveries on the Patriot Advanced Capability - 3 and Atlas V programs.
Sales for the first nine months of 2009 totaled $555.3 million compared to $543.8 million for the first nine months of 2008. The Company reports its fiscal year sales under a 52/53 week accounting convention. Fiscal 2008 was a 53 week year with the extra week of sales totaling $19.1 million reported in the first quarter of that fiscal year.
The Company reported a cash balance of $158.3 million at August 31, 2009, an increase of $65.6 million from November 30, 2008. The increase in cash is primarily due to improvements in the operating performance and working capital of the Aerospace and Defense operating segment and the receipt of $10.4 million from the grantor trust. Subsequent to August 31, 2009, the Company received $26.3 million of cash from federal income tax refunds, including interest of $2.1 million.
Net income for the third quarter of 2009 was $12.1 million, or $0.20 diluted earnings per share on 66.6 million weighted average shares outstanding, compared to a net loss of $2.7 million, or $0.05 diluted loss per share on 57.4 million weighted average shares outstanding, for the third quarter of 2008. The increase in net income was primarily due to higher net sales and lower charges for future estimated environmental remediation obligations and retirement benefit costs in the third quarter of 2009 compared to the third quarter of 2008.
Net income for the first nine months of 2009 was $44.3 million, or $0.72 diluted earnings per share on 66.5 million weighted average shares outstanding, compared to net income of $7.2 million, or $0.13 diluted earnings per share on 57.1 million weighted average shares outstanding, for the first nine months of 2008. Net income for the first nine months of 2009 includes an income tax benefit of $19.7 million, primarily as a result of new guidance clarifying which costs qualify for ten-year carryback of tax net operating losses for refund of prior years' taxes, and lower retirement benefit costs compared to 2008. Net income for the first nine months of 2008 included a $13.8 million charge related to the second amended and restated shareholder agreement (Shareholder Agreement) with respect to the election of Directors at the 2008 Annual Meeting and other related matters.
"We are very pleased to report continued improvement in our quarterly and year-to-date results, said Scott Neish, GenCorp's interim chief executive officer. "Aerojet had another strong quarter in both its space and defense programs, and we continue to work on our re-zoning efforts in anticipation of a real estate market recovery," concluded Mr. Neish.