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Armtec Infrastructure Inc Reaffirms FY 2013 Guidance

Wednesday, 7 Aug 2013 06:27pm EDT 

Armtec Infrastructure Inc announced that it expects revenue is expected to be slightly favourable in fiscal 2013 over fiscal 2012 levels on the strength of the current engineered precast projects which will offset the expected softness in the drainage and standard precast markets. As the business is realigned, a slight increase over fiscal 2012 selling, general and administrative cost levels is expected however, management will continue to assess the timing of incremental resources relative to market conditions and Company performance. Management expects that ongoing improvements in performance will offset the higher organizational costs, delivering improved EBITDA results in fiscal 2013. The Company reported revenue of $457 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $464 million and EBITDA of $45 million for fiscal 2013. 

Company Quote

0.0050 +2.56%
24 Dec 2014