WMS Industries Inc. Comments On Q3, Q4, H2 2012 Revenue Guidance; Reaffirms FY 2012 Revenue Guidance

WMS Industries Inc. announced that reflecting ongoing progress in obtaining approvals on new participation and for-sale products, favorable customer response to new products and continuing benefits from the restructuring and realignment initiatives, WMS expects to achieve further quarterly sequential growth in revenue and operating margin in both third and fourth quarters of 2012, to year-over-year growth in the second half of fiscal 2012. Notwithstanding these expectations, WMS continues to believe fiscal 2012 annual revenue will be below fiscal 2011 revenue reflecting the lower comparable results generated in the first half of fiscal 2012. The Company reported revenue of $155.60 million in the first quarter of 2012, revenue of $162.20 million in the second quarter of 2012 and revenue of $783.30 million in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $197.37 million for the third quarter of 2012, revenue of $211.31 million for the fourth quarter of 2012 and revenue of $732.88 million for fiscal 2012.