Dolan Co Reaffirms FY 2013 Guidance
Dolan Co announced that due to the lack of near-term visibility into its NDeX default processing operation and the overall foreclosure-related environment, the Company has provided only partial 2013 guidance. The Company has provided revenue and adjusted EBITDA guidance only for its Business Information Division and litigation support segment, including corporate costs. The Company expects total revenues (excluding NDeX operations) in the range of $160-$170 million and adjusted EBITDA (excluding NDeX operations) in the range of $30-$35 million. This fiscal 2013 revenue and adjusted EBITDA guidance is unchanged from the first quarter. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $33 million for fiscal 2013.
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