Key Developments For Dynamex Inc.
Dynamex Inc. (DDMX.O) (Nasdaq)
Dynamex Inc. Comments On FY 2010 Revenue Guidance; Issues FY 2010 EPS Guidance Above Analysts' Estimates
Dynamex Inc. announced that it expects year-over-year core sales growth of between 1.0% and 5.0% for fiscal 2010 based on an average exchange rate of 0.92 Canadian dollars for each U.S. dollar. The increase in core sales from the fiscal 2009 fourth quarter run rate is expected to range between 6.0% and 9.0%. The Company's outlook includes the assumption that oil prices will average approximately $70 per barrel during fiscal 2010. The Company expects fiscal 2010 net income of $1.10 to $1.30 per fully diluted share. The effective income tax rate is expected to be in the 37% to 38% range. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $1.06 on revenue of $409 million for the same period.
Dynamex Inc. Reaffirms FY 2009 Outlook
Dynamex Inc. reaffirmed fiscal 2009 outlook for sales to range $390 to $405 million and net income to range from $0.80 to $1.00 per fully diluted share (EPS). According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $0.89 on revenue of $395 million for the same period.
Dynamex Inc. Lowers FY 2009 Guidance
Dynamex Inc. announced that it is lowering it's guidance for fiscal 2009. Sales are currently projected to be in the $390 to $405 million range, down from $405 to $420 million as a result of an unexpected decline in customer shipment volumes during March and early April 2009 compared to both the prior quarter and the Company's internal projections. Based on this lower level of projected sales, the Company now expects fiscal 2009 net income to range from $0.80 to $1.00 per share compared to its earlier guidance of $1.00 to $1.20 per share. According to Reuters Estimates, analysts are expecting the Company to report revenue of $413 million and EPS of $1.16 for fiscal 2009.
Dynamex Inc. Issues FY 2009 Revenue Guidance Below Analysts' Estimates; Reaffirms FY 2009 EPS Guidance
Dynamex Inc. announced that for fiscal 2009, it expects sales to be in the $405-$420 million range. The Company continues to expect fiscal 2009 net income to range from $1.00-$1.20 per fully diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenues of $424 million and EPS of $1.15 for the same period.
Dynamex Inc. Lowers FY 2009 Guidance
Dynamex Inc. announced that for fiscal 2009, it now expects sales to be 8% to 12% below the prior year due to unexpected declines in customer shipments, a substantially lower Canadian dollar and lower fuel surcharges. The Company currently expects fiscal 2009 net income to range between $1.00 and $1.20 per fully diluted share (EPS). The Company reported revenue of $455.78 million in fiscal 2008. According to Reuters Estimates, analysts were expecting the Company to report EPS of $1.65 on revenue of $488 million for fiscal 2009.
