Key Developments For Measurement Specialties, Inc.
Measurement Specialties, Inc. (MEAS.O) (Nasdaq)
Measurement Specialties, Inc. Amends Senior Credit Facility
Measurement Specialties, Inc. announced that it has completed an amendment to its senior credit facility, reducing the revolver commitment from $121 million to $90 million while revising pricing and improving certain quarterly financial covenants.
Measurement Specialties, Inc. Reiterates FY 2009 Revenue Outlook
Measurement Specialties, Inc. announced that for fiscal 2009, it continues to expect consolidated net sales to be in the range of $205 million to $215 million. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $208 million for fiscal 2009.
Measurement Specialties, Inc. Announces Acquisition of FGP Instrumentation
Measurement Specialties, Inc. announced the acquisition of GS Sensors Group, a holding company for FGP Instrumentation and ALS (FGP) The Company has acquired the outstanding capital stock of FGP for approximately EUR5.6 million in cash, plus an additional EUR1.4 million if certain performance thresholds are achieved. The transaction closed January 30, 2009.
Measurement Specialties, Inc. Issues Q3 2009 Revenue Guidance Below Analysts' Estimates; Updates FY 2009 Revenue Guidance To A Range Below Analysts' Estimates
Measurement Specialties, Inc. announced that it expects to report consolidated net sales of approximately $43.0 million for the third quarter of 2009 and consolidated net sales for fiscal 2009 ranging from $205-$215 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $49.9 million for the third quarter of 2009; revenue of $217 million for fiscal 2009.
Measurement Specialties, Inc. Comments On H2 2009 Revenue Guidance; Lowers FY 2009 Guidance
Measurement Specialties, Inc. announced that it expects a modest decline in sales for the second half of fiscal 2009 over the first six months. The Company expects to fall short of its prior fiscal 2009 sales guidance of $255 million and earnings guidance of $1.30 per share (EPS). According to Reuters Estimates, analysts on average are expecting the Company to report $1.18 on revenues of $252 million for fiscal 2009.
