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.