Key Developments: Mac-Gray Corp (TUC.N)
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1 Aug 2013
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$14.70
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Latest Key Developments (Source: Significant Developments)
Mac-Gray Corp Reaffirms FY 2013 Guidance
Mac-Gray Corp announced that for fiscal 2013, it expects revenue in the range of $328 million to $332 million, Net income, as adjusted, in the range of $0.70 to $0.80 per diluted share and EBITDA, as adjusted, in the range of $68 million to $71 million. Full Article
Mac-Gray Corp Declares Regular Quarterly Dividend
Mac-Gray Corp announced that it has declared a quarterly dividend of $0.0875 per share on the Company's Common Stock payable on July 1, 2013 to stockholders of record at the close of business on June 17, 2013. Full Article
Mac-Gray Corp Amends Senior Credit Facility
Mac-Gray Corp announced the signing of an amended five year, $250 million senior credit facility. The transaction extends the maturity date by 14 months to May 2018 and reduces the Company's borrowing spread, based on its current leverage ratio, by 75 basis points. As a result of the transaction, the Company expects to generate approximately $700,000 in interest expense savings in 2013 and approximately $5 million over the life of the facility, depending on utilization. Full Article
Mac-Gray Corp Reiterates FY 2013 Guidance
Mac-Gray Corp reiterated its fiscal 2013 guidance and expects Revenue in the range of $328 million to $332 million; Net income, as adjusted, in the range of $0.70 to $0.80 per diluted share; and EBITDA, as adjusted, in the range of $68 million to $71 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $329 million and EBITDA of $69 million for fiscal 2013. Full Article
Mac-Gray Corp Issues FY 2013 Guidance Above Analysts' Estimates
Mac-Gray Corp announced that for fiscal 2013, it expects revenue in the range of $328-$332 million; net income, as adjusted, in the range of $0.70-$0.80 per diluted share; and EBITDA, as adjusted, in the range of $68 million to $71 million. Net income, as adjusted, and EBITDA, as adjusted, exclude unrealized gains/losses related to interest rate derivative instruments and fuel commodity derivatives, and any one-time charges to income. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $323 million, EBITDA of $66 million and EPS of $0.56 for fiscal 2013. Full Article
Mac-Gray Corp Updates On FY 2012 Revenue Guidance
Mac-Gray Corp announced that for fiscal 2012, it expects revenue of $322 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $322million for fiscal 2012. Full Article
Mac-Gray Corp Announces 45% Increase To Dividend
Mac-Gray Corp announced that Board of Directors has approved a 45% increase to the quarterly dividend on the Company's Common Stock - raising it to $0.0875 per share ($0.35 per share on an annualized basis) from $0.0605 per share ($0.242 per share on an annualized basis). The Board declared a dividend of $0.0875 per share payable on April 1, 2013 to stockholders of record at the close of business on March 15, 2013. Full Article
Mac-Gray Corp Declares Regular Quarterly Dividend
Mac-Gray Corp announced that the Board of Directors has declared a quarterly dividend of $0.0605 per share on the Company's Common Stock payable on January 2, 2013, to stockholders of record at the close of business on December 17, 2012. Full Article
Mac-Gray Corp Lowers FY 2012 Guidance
Mac-Gray Corp announced that for fiscal 2012, it expects revenue in the range of $320-$325 million, net income in the range of $0.45-$0.50 per diluted share and EBITDA, as adjusted, in the range of $65-$68 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $324 million, EPS of $0.50 and EBITDA of $65 million for fiscal 2012. Full Article
Mac-Gray Corp Declares Regular Quarterly Dividend
Mac-Gray Corp announced that the Board of Directors has declared a quarterly dividend of $0.0605 per share on the Company's Common Stock payable on October 1, 2012, to stockholders of record at the close of business on September 17, 2012. Full Article

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