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Greatbatch Inc Raises FY 2013 EPS Guidance; Reaffirms FY 2013 Revenue Guidance


Thursday, 25 Jul 2013 04:05pm EDT 

Greatbatch Inc announced that based upon its results for the first half of the year, as well as its expectations for the remainder of 2013, at this time the Company raising its 2013 adjusted diluted EPS guidance ranges to $2.05 to $2.15 per share from the previously communicated $2.00 to $2.05 per share. For fiscal 2013, the Company continue to believe that revenue will be at the lower end of its original sales guidance of $660 million to $680 million provided at the beginning of the year. If achieved, this would result in organic revenue growth of 5% - 8% after adjusting for the disposition of $15 million of non-core orthopaedic product lines at the end of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.98 and revenue of $661 million for fiscal 2013. 

Company Quote

49.26
-0.08 -0.16%
26 Dec 2014