Staples will no longer provide annual sales or EPS guidance The company says this is due to going up against new competitors in new markets as it expands beyond office supplies. It also said its largest competitor is going through a multiyear integration. Expects to generate more than $600M of cash flow in FY14 which reflects cash payments related to previously announced restructuring activities.
Revolution Lighting sees Q3 revenue to exceed $26M vs $5.3M last year Revolution Lighting (RVLT) provided a business update for Q3. Revenue in Q3, which includes the recently completed Value Lighting acquisition, is expected to exceed $26M, as compared to $5.3M last year. Q3 revenue exceeded 2Q14 revenue by approximately 50%. The Ccompany expects to achieve positive adjusted EBITDA in Q3 and continued positive adjusted EBITDA in Q4 while becoming cash flow positive in Q4. The company reiterates that 2H14 revenue is expected to be in the $55M-$60M range. The company said, "Our previously announced plan to sell our LED products through Staplesí (SPLS) Quill online stores is in place but has been delayed. We are working towards completion of the software implementation process and expect to be listed on the Quill online site in Q4."