Key Developments: Tecumseh Products Co (TECUA.O)
8.92USD
21 May 2013
$0.00 (+0.00%)
$8.78
$8.97
$9.03
$8.90
63,143
70,905
$9.79
$4.02
Latest Key Developments (Source: Significant Developments)
Tecumseh Products Co Reaffirms FY 2013 Revenue Guidance
Tecumseh Products Co announced that for fiscal 2013, it expects net sales to increase in the range of 3% to 8% from fiscal 2012 levels. Full Article
Tecumseh Products Co Comments On FY 2013 Revenue Guidance
Tecumseh Products Co announced that for fiscal 2013, it expects net sales to increase in the range of 3% to 8% from fiscal 2012 levels. Full Article
Tecumseh Products Co Explores Strategic Alternatives
Tecumseh Products Co announced that over the past several months it has been working with Sagent Advisors, LLC, which the Company engaged to explore various strategic alternatives, including the possible sale of the Company. Contrary to rumors, the Company has not received an offer at an $8 per share purchase price. While the Company currently intends to continue to explore alternatives to enhance shareholder value, there can be no assurance that a transaction will be completed. The Company does not intend to provide updates with respect to this process. Full Article
Tecumseh Products Co Lowers FY 2012 Revenue Guidance; Comments On Q4 2012 Revenue Guidance
Tecumseh Products Co announced that for fiscal 2012, it expects change in net sales to decline by approximately 2%-5% over fiscal 2011 levels. The decline in the outlook is based on the internal projections about the market and related economic conditions in the last quarter of 2012 and is primarily due to continued economic uncertainties in the markets, particularly the European market. For the fourth quarter of 2012, it expects sales to be slightly higher than the fourth quarter of 2011. Full Article
Tecumseh Products Company Lowers FY 2012 Revenue Guidance; Comments On Q3 2012 Revenue Guidance
Tecumseh Products Company announced that for fiscal 2012, it expects the change in the net sales to be minimal compared to fiscal 2011 levels. For third quarter of 2012, it expects sales to be slightly higher than the third quarter of 2011. Full Article
Tecumseh Products Company Comments On Q2, FY 2012 Revenue Guidance
Tecumseh Products Company announced that for the second quarter of 2012, it expects sales to be lower than the second quarter of 2011. For fiscal 2012, it expects net sales to increase in the range of 2% to 5% from fiscal 2011. Full Article
Tecumseh Products Company Comments On FY, Q1 And H1 2012 Guidance
Tecumseh Products Company announced that for fiscal 2012, it expects operating profit could improve compared to 2011. For first quarter of 2012, it expects sales and operating profit to be lower than the first quarter of 2011, reflecting the continuing slowdown in the industry. For first half of 2012, it expects net sales could increase in the range of 3%-8%. Full Article
Tecumseh Products Company Comments On FY 2011 Guidane
Tecumseh Products Company announced that for fiscal 2011, it currently expects net sales could decrease up to 10% from 2010 levels and operating profit could improve from 2010. Full Article
Tecumseh Products Company Announces Appointment Of Chief Financial Officer
Tecumseh Products Company announced that Janice E. Stipp has been named executive vice president and Chief Financial Officer, effective immediately. Full Article
Tecumseh Products Company Sees FY 2011 Revenue At Low End Of Prior Guidance
Tecumseh Products Company announced that for fiscal 2011, it expects sales to increase up to 5%. The Company reported revenue of $933.80 million in fiscal 2010. Full Article
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