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Wajax Corp Issues Q3 2013 Guidance Below Analysts' Estimates; Reaffirms FY 2013 Net Earnings Guidance

Wednesday, 9 Oct 2013 07:44am EDT 

Wajax Corp announced that for third quarter of 2013, it expects revenue to be between $335 million and $345 million, EBITDA to be between $22 million and $24 million. For fiscal 2013, it expects net earnings to be consistent with its expectation announced at the end of the second quarter 2013. As discussed in the Corporation's second quarter of 2013 earnings release, the Corporation continues to have a cautious outlook regarding its end markets for the rest of fiscal 2013 and continues to expect that fiscal 2013 net earnings will be less than fiscal 2012. The Company reported net profit of $65.94 million for fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $358 million and EBITDA of $25 million for third quarter of 2013; net profit of $51.86 million fiscal 2013. 

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0.9 +2.52%
21 Oct 2014