Key Developments For FGX International Holdings Limited
FGX International Holdings Limited (FGXI.O) (Consolidated Issue listed on NASDAQ Global Market)
FGX International Holdings Limited Issues Q4 2009 Guidance Below Analysts' Estimates; Revises FY 2009 Guidance Below Analysts' Estimates; Comments On FY 2010 Guidance
FGX International Holdings Limited announced that for fourth quarter 2009 it expects net sales of $63 to $67 million, earnings per diluted share from continuing operations of $0.38 to $0.42 and EBITDA of $17 to $19 million. These ranges would yield fiscal 2009 results of net sales of $258 to $262 million, earnings per diluted share from continuing operations of $0.99 to $1.03 and EBITDA of $57 to $59 million. For fiscal 2010 it expects net sales to increase 4% to 8% over full year 2009 results with earnings per diluted share growth of 20% to 30%. According to Reuters Estimates, analysts are expecting the Company to report revenue of $74 million, EPS of $0.47 and EBITDA of $21 million for fourth quarter 2009; revenue of $270 million, EPS of $1.04 and EBITDA of $59 million for fiscal 2009; revenue of $289.75 million and EPS of $1.19 for fiscal 2010.
FGX International Holdings Limited Acquires Corinne McCormack, Inc.
FGX International Holdings Limited announced that it has acquired Corinne McCormack, Inc., a privately held company located in New York City. FGX International acquired Corinne McCormack in exchange $1.45 million in cash. The purchase also includes a related e-commerce company, Eye-Bar Inc.
FGX International Holdings Limited Issues Q3 2009 Guidance; Revenue Guidance Below Analysts' Estimates; Reaffirms FY 2009 Guidance
FGX International Holdings Limited announced that for third quarter of 2009, it expects net sales to be in the range of $58-$62 million, earnings per diluted share (EPS) to be in the range of $0.26-$0.30 and EBITDA to be in the range of $14-$16 million. Fiscal 2009 guidance has been unchanged from when the Company announced its fiscal 2009 guidance on February 25, 2009 and expects net sales to be in the range $265-$275 million, earnings per diluted share to be in the range of $0.96-$1.06 and EBITDA to be in the range of $58-$60 million. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $63 million, EPS of $0.29 and EBITDA of $15 million for third quarter of 2009; revenue of $273 million, EPS of $1.03 and EBITDA of $59 million for fiscal 2009.
FGX International Holdings Limited Issues Q2 2009 Outlook Below Analysts' Estimates; Reaffirms FY 2009 Outlook
FGX International Holdings Limited announced that for the second quarter of 2009, it expects net sales of $74-$78 million, earnings per diluted share (EPS) of $0.22-$0.26 and EBITDA of $13-$15 million. The Company reaffirmed fiscal 2009 guidance for net sales of $283 to $295 million, diluted EPS of $0.98-$1.10 and EBITDA of $59-$62 million. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.27 and EBITDA of $16 million on revenue of $81 million for the second quarter of 2009; EPS of $1.06 and EBITDA of $61 million on revenue of $288 million for fiscal 2009.
FGX International Holdings Limited Issues Q1 2009 Guidance Below Analysts' Estimates; Issues FY 2009 Guidance In Line With Analysts' Estimates
FGX International Holdings Limited announced that for first quarter 2009 it expects net sales of $57-$62 million, earnings per diluted share of ($0.02) -- $0.02 and EBITDA of $5-$7 million. For fiscal 2009 it expects net sales of $283 to $295 million, earnings per diluted share of $0.98 - $1.10 and EBITDA of $59 -$62 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $66 million, EBITDA of $12 million and EPS of $0.15 for first quarter 2009; revenue of $287 million, EBITDA of $59 million and EPS of $1.08 for fiscal 2009.
