May 12, 2020 / 11:42 AM / 19 days ago

BRIEF-Cantel Medical Says Revenue For Q3 Is Estimated At $235-$237 Million

May 12 (Reuters) - Cantel Medical Corp:

* CANTEL ANNOUNCES AMENDED CREDIT FACILITY; PROVIDES UPDATE ON COVID IMPACT

* SEES Q3 REVENUE $235 MILLION TO $237 MILLION

* DEPLOYED WORKFORCE FURLOUGHS ACROSS MANUFACTURING SITES EXPERIENCING DECLINES IN DEMAND

* DEPLOYED TEMPORARY FURLOUGHS AND DECREASES IN PAY FOR ADMINISTRATIVE PERSONNEL

* DEFERRED ALL NON-ESSENTIAL CAPITAL EXPENDITURES

* WITHDRAWN GUIDANCE FOR REMAINDER OF YEAR

* REVENUE FOR Q3 IS ESTIMATED AT $235-$237 MILLION

* OVER LAST FIVE WEEKS OF Q3, SEGMENTS OF BUSINESS MOST EXPOSED TO ELECTIVES PROCEDURES WERE DOWN ABOUT 65% VERSUS Q2

* Q4 REVENUE VIEW $264.7 MILLION — REFINITIV IBES DATA

* CANTEL MEDICAL - EXPECTS RECENT WEAKNESS TO CONTINUE INTO Q4, GRADUALLY IMPROVE AS ELECTIVE PROCEDURES ARE RESTORED IN END MARKETS Source text for Eikon: Further company coverage:

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