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News Breaks
November 8, 2012
18:20 EDTGLPWGlobal Power Equipment sees FY12 revenue $455M-$465M, consensus $496.98M
Adjustments from previous estimates are primarily related to lower expectations from the Services Division, as the Products Division is expected to exceed 20% year-over-year revenue growth in 2012 including an estimated $12M-$14M in revenue from the acquisitions of Koontz-Wagner and TOG. Gross margin expectation is improved to 17%-18% over previous expectations of approximately 16.5%. Operating expenses are expected to be 13%-13.5% of revenue including merger and acquisition related costs, $1.0M of non-cash amortization of acquired intangible assets and $1.2M in one-time expenses associated with changes in executive management.
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