Key Developments For Innerworkings, Inc.
Innerworkings, Inc. (INWK.O) (Nasdaq)
InnerWorkings, Inc. Reaffirms FY 2009 Guidance-Conference Call
InnerWorkings, Inc. announced that it remain comfortable with the fiscal 2009 guidance. According to Reuters Estimates, analysts were expecting the Company to report revenue of $408 million and EPS of $0.15 for the same period.
InnerWorkings, Inc. Announces Enterprise Print And POS Management Agreement With Skyy Spirits, LLC
InnerWorkings, Inc. announced that it has entered into an enterprise print and point of sale (POS) management agreement with Skyy Spirits. Under this agreement, Skyy Spirits, LLC will outsource the procurement and management of all print and point-of-sale (POS) products for its brands to InnerWorkings. As part of the agreement, a team of dedicated InnerWorkings procurement managers will be deployed to Skyy Spirits' offices in San Francisco, CA to work alongside the Company's brand managers and agencies.
InterContinental Hotels Group Selects InnerWorkings, Inc. For Print Management in Americas
InnerWorkings, Inc. announced a multi-year, multi-million dollar enterprise print management agreement with IHG (InterContinental Hotels Group). As part of the agreement, InnerWorkings will be managing print and fulfillment for hotel loyalty program, Priority Club Rewards, with 44 million members worldwide.
InnerWorkings, Inc. Lowers FY 2009 Guidance
InnerWorkings, Inc. lowered its fiscal 2009 guidance and expects revenue to be in a range of $400 to $425 million and diluted earnings per share (EPS) of $0.14 to $0.20. Previous fiscal 2009 estimates for revenue and diluted EPS were $450 to $475 million and $0.35 to $0.39, respectively. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.28 on revenue of $443 million for fiscal 2009. The Company has revised its fiscal 2009 financial performance estimates downward due to the continued pressure that the global economic downturn is exerting on its customers and the marketplace.
InnerWorkings, Inc. Reaffirms FY 2009 Guidance
InnerWorkings, Inc. reaffirmed fiscal 2009 guidance and expects revenue of $450-$475 million and an earnings per share range of $0.35-$0.39.
