Key Developments: GSI Group Inc (GSIG.O)
8.23USD
21 May 2013
$-0.09 (-1.08%)
$8.22
$8.33
$8.36
$8.20
48,507
160,598
$12.25
$7.03
Latest Key Developments (Source: Significant Developments)
GSI Group Inc Issues Q2 2013 Guidance Below Analysts' Estimates
GSI Group Inc announced that for the second quarter of 2013, the Company expects revenue from continuing operations of between $84.0 million and $86.0 million and adjusted EBITDA to be in the range of $11 million to $12.5 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $87.4 million and EBITDA of $13 million for the second quarter of 2013. Full Article
GSI Group Inc Issues Q1 2013 Guidance; Revenue Guidance Above Analysts' Estimates; Lowers FY 2013 Guidance
GSI Group Inc announced that for the first quarter of 2013, the Company expects revenue from continuing operations of between $82 million and $84 million and adjusted EBITDA to be in the range of $10 million to $12 million. For fiscal 2013, it expects revenue from continuing operations of between $345 million to $355 million and adjusted EBITDA to be between $50 million and $55 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $71 million and EBITDA of $10 million for the first quarter of 2013. Full Article
GSI Group Inc Issues FY 2013 Guidance Above Analysts' Estimates-Conference Call
GSI Group Inc announced that for fiscal 2013, including the acquisition of NDS, GSI expects to deliver $355 million to $365 million in revenue and $55 million to $60 million in adjusted EBITDA. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $284 million and EBITDA of $46 million for fiscal 2013. Full Article
GSI Group Inc To Acquire NDS Surgical Imaging For $82.5 Million
GSI Group Inc announced that it has acquired NDS Surgical Imaging (NDS), a San Jose, surgical and radiology displays and related peripherals, for $82.5 million in cash, subject to customary closing adjustments. The total purchase price of $82.5 million is financed using approximately $25 million of cash on-hand with the remainder from the Company's new credit facility. The acquisition closed as of January 15, 2013. The transaction is earnings accretive and is expected to add more than $80 million in revenue and nearly $12 million of Adjusted EBITDA to GSI's financial results in 2013. Houlihan Lokey acted as the sole financial advisor to GSI and provided a fairness opinion to GSI's Board of Directors. Full Article
GSI Group Inc Issues Q4 2012 Guidance Below Analysts' Estimates
GSI Group Inc announced that for the fourth quarter of 2012, the Company expects revenue from its continuing operations of $65 million to $67 million and adjusted EBITDA from continuing operations to be in the range of $9 million to $10 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $73 million and EBITDA of $13 million for the fourth quarter of 2012. Full Article
GSI Group Inc. Issues Q3 2012 Guidance
GSI Group Inc. announced that for the third quarter of 2012, it expects revenues from its continuing operations of $68 million to $73 million and Adjusted EBITDA from continuing operations to be in the range of $10 million to $13 million. Full Article
GSI Group Inc. Issues Q1 2012 Guidance; Reaffirms FY 2012 EBITDA Guidance
GSI Group Inc. announced that for the first quarter of 2012, it expects revenue in the range of $78-$81 million and EBITDA is expected to be in the range of $11-$12.5 million. For fiscal 2012, it expects adjusted EBITDA to be largely in line with prior estimates of at least 10% growth over fiscal 2011. Full Article
GSI Group Inc.'s Continuum Business Wins Scientific Laser Program Contract
GSI Group Inc. announced that its Continuum laser business, a producer of high energy laser products to scientific and industrial markets, has been awarded a $4.8 million contract with the French National Center for Scientific Research (CNRS) for the delivery of a 400 Joule amplifier section that will be used as part of the Apollon high energy laser program developed by the Institut de la Lumiere Extreme (ILE). Full Article
GSI Group Inc. Lowers FY 2011 Guidance; Comments On FY 2012 Guidance
GSI Group Inc. announced that for fiscal 2011, it expects revenues for the full year in the range of $365 to $370 million and Adjusted EBITDA in the range of $63 million to $66 million. For fiscal 2012, the Company expects mid-single digit revenue growth and Adjusted EBITDA growth of at least 10%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $385 million for fiscal 2011; revenue of $410 million for fiscal 2012. Full Article
GSI Group Inc. Issues Q3 2011 Guidance; Revenue Guidance Below Analysts' Estimates; Reaffirms FY 2011 Guidance
GSI Group Inc. announced that for the third quarter of 2011, it expects revenue to be in the range of $93 to $95 million; adjusted EBITDA to be in the range of $15 to $17 million. This guidance includes approximately $1 million of expected revenue and approximately $0.5 million of expected gross profit that had been deferred from multi-element arrangements entered into prior to the adoption of ASU 2009-13 and that is expected to be recognized in the quarter. For fiscal 2011, the Company maintains its prior forecast with revenues in the range of $375 to $385 million and Adjusted EBITDA for the full year in the range from $68 million to $73 million. This guidance includes approximately $8 million of expected revenue and approximately $4 million of expected gross profit recognized that had been deferred from multi-element arrangements entered into prior to the adoption of ASU 2009-13 and that is expected to be recognized in the year. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $98 million for the third quarter of 2011; revenues of $383 million for fiscal 2011. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
