Key Developments: STR Holdings Inc (STRI.N)
3.11USD
21 May 2013
$-0.02 (-0.64%)
$3.13
$3.14
$3.42
$3.05
42,821
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$4.83
$1.80
Latest Key Developments (Source: Significant Developments)
STR Holdings Inc No Longer Provide Quarterly Guidance
STR Holdings Inc announced that as disclosed on its last conference call, the Company is no longer providing quarterly guidance for sales and non-GAAP EPS. The Company previously provided its fiscal 2013 annual guidance for sales, non--GAAP EPS, free cash flow and ending cash balance which it is not updating at this time. Full Article
STR Holdings Inc Issues Q1, FY 2013 Guidance
STR Holdings Inc announced that for the first quarter of 2013 net sales are expected to be in the range of $9.0 - $10.0 and diluted non-GAAP EPS to be in the range of $(0.10) - $(0.08). For fiscal 2013, it expects net sales are expected to be in the range of $45.0 - $55.0 and diluted non-GAAP EPS to be in the range of $(0.25) - $(0.15). Full Article
STR Holdings Inc Issues Q4 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance
STR Holdings Inc announced that for fourth quarter of 2012, it expects net sales in the range of $14.0 -$16.0 million and diluted non-GAAP earnings per share (EPS) in the range of $(0.09)-$(0.07). For fiscal 2012, it expects net sales in the range of $93.0-$95.0 million and EPS in the range of $(0.05)-$(0.03). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $25 million and EPS of $(0.02) for fourth quarter of 2012; revenue of $105 million and EPS of $0.04 for fiscal 2012. Full Article
STR Holdings Inc Announces Executive Management Promotions
STR Holdings Inc New announced the appointment, effective September 17, 2012 of Barry A. Morris, Executive Vice President and Chief Financial Officer, has been appointed Executive Vice President and Chief Operating Officer and Joseph C. Radziewicz, Controller and Principal Accounting Officer, has been appointed to serve as Vice President and Chief Financial Officer. Full Article
STR Holdings, Inc. Issues Q3 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance
STR Holdings, Inc. announced that for third quarter of 2012, it expects net sales to be in the range of $23.0-$25.0 and diluted non-GAAP earnings per share (EPS) in the range $(0.03) to breakeven. For fiscal 2012, it expects net sales to be in the range of $102.0-$108.0 million and diluted earnings per share (EPS) in the range of $0.01-$0.07. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $42 million and EPS of $0.06 for third quarter of 2012; revenue of $143 million and EPS of $0.22 for fiscal 2012. Full Article
STR Holdings, Inc. Announces Chairman Change-Form 8-K
STR Holdings, Inc. reported in its Form 8-K that on July 18, 2012, Dennis L. Jilot retired as Executive Chairman of STR Holdings, Inc. (Company). As previously disclosed, Mr. Jilot agreed to serve as Executive Chairman from January 1, 2012 until July 18, 2012 pursuant to his amended employment agreement with the Company. Mr. Jilot has agreed to continue to serve the Company as Chairman of its Board of Directors. Full Article
STR Holdings, Inc. Issues Q2 2012 Guidance Below Analysts' Estimates; Reaffirms FY 2012 Guidance
STR Holdings, Inc. announced that for second quarter of 2012, it expects net sales in the range of $31.0-$33.0 million and diluted earnings per share (EPS) to be from break even to $0.02. The Company reaffirmed fiscal 2012 guidance and expects net sales to be in the range of $160.0-$175.0 million and diluted non-GAAP EPS in the range of $0.25-$0.35. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $38.9 million and EPS of $0.04 for second quarter of 2012; revenue of $169 million and EPS of $0.29 for fiscal 2012. Full Article
STR Holdings, Inc. Issues FY 2012 Guidance Below Analysts' Estimates; Issues Q1 2012 Guidance; Revenue Guidance Below Analysts' Estimates
STR Holdings, Inc. announced that for fiscal 2012, it expects net sales to be in a range of $160-$175 million and diluted non-GAAP Earning Per Share (EPS) to be in a range of $0.25-$0.35. For the first quarter of 2012, it expects net sales to be in a range of $29-$31 million and diluted non-GAAP EPS to be in a range of $0.05-$0.07. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $210 million and EPS of $0.57 for fiscal 2012; revenue of $38 million and EPS of $0.07 for first quarter of 2012. Full Article
STR Holdings, Inc. Lowers Q4 2011 Guidance
STR Holdings, Inc. announced that for the fourth quarter of 2011, it expects revenue to approximate $36.5 million and diluted non-GAAP EPS is projected to be in the range of ($0.04) to ($0.02). Projected revenue is below the Company's guidance of $44 to $48 million. Projected diluted non-GAAP earnings per share is below the previously-announced guidance range of $0.09 to $0.12. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $46 million, EPS of $0.11 for the fourth quarter of 2011. Full Article
STR Holdings, Inc. Announces New CEO And President
STR Holdings, Inc. announced that Robert S. Yorgensen will succeed Dennis L. Jilot as STR`s Chief Executive Officer (CEO) and President. Yorgensen, who currently serves as President of the Company`s solar business, will assume his new role commencing January 1, 2012. Mr. Jilot will continue as Chairman of the Board of Directors. Full Article
UPDATE 1-STR Holdings loses largest customer, to review strategic options
Jan 22 - Solar components maker STR Holdings Inc will lose the business of its largest customer, First Solar Inc, over the next few months, and the company said it will seek strategic alternatives, sending its shares down 22 percent after the bell.
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