Key Developments For Ceradyne, Inc.
Ceradyne, Inc. (CRDN.O) (Nasdaq)
Ceradyne, Inc. Lowers FY 2009 Guidance
Ceradyne, Inc. lowered its fiscal 2009 guidance and expects earnings per share (EPS) from $0.70 per fully diluted share to approximately $0.60 per fully diluted share and from sales of $420 to $440 million to sales of $410 to $415 million. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.65 on revenue of $419 million for the same period.
Ceradyne, Inc. Receives $8 Million ESAPI Order
Ceradyne, Inc. announced that it has received an $8 million ESAPI (Enhanced Small Arms Protective Inserts) order which is expected to be shipped in the first quarter of 2010. This order is a delivery order issued by the Defense Supply Center Philadelphia against a larger ID/IQ (Indefinite Delivery/Indefinite Quantity) three-year contract issued in December 2007. Ceradyne`s practice is to only book firm delivery orders such as the above $8 million as backlog for scheduled delivery.
Ceradyne, Inc. Receives $16.4 Million ESAPI Order
Ceradyne, Inc. announced that it received a $16.4 million ESAPI (Enhanced Small Arms Protective Inserts) order which is expected to be shipped late in the fourth quarter of 2009. This order is a delivery order issued by the Defense Supply Center Philadelphia.
Ceradyne, Inc. Reaffirms FY 2009 Guidance
Ceradyne, Inc. reiterated its fiscal 2009 outlook and expects sales range of $420-$440 million with earnings per fully diluted share (EPS) of approximately $0.70. According to Reuters Estimates, analysts were expecting the Company to report revenues of $423 million and EPS of $0.67 for the same period.
Ceradyne, Inc. Receives $18.7 Million SAPI Body Armor Order
Ceradyne, Inc. announced that it has received an $18.7 million order for SAPI (Small Arms Protective Inserts) lightweight ceramic body armor. The order was issued by the U.S. Army RDECOM, Aberdeen Proving Grounds, Maryland. The Company expects to begin shipments in the fourth quarter of 2009, with completion prior to December 31, 2009. The order is a Foreign Military Sales (FMS) requirement.
