WEB NEWS Comments & Business Outlook
“Despite a challenging quarter in our continence product lines, we are pleased with the continued sales momentum in other major product lines and with the consistent financial performance we delivered in the second quarter,” stated Tony Bihl, Chief Executive Officer. “We are proud of our strong earnings performance, working capital management and in particular the positive strides we have made in capitalizing on the opportunities in our laser therapy product line. We delivered revenue and earnings within or exceeding the high end of guidance and are confident in our ability to achieve our plans for the full year .”
3rd Quarter 2009 Guidance Ending September a
3rd Quarter 2009 Guidance 3rd Quarter 2008 Reported Period Change
GAAP Revenue
$113.0 to $119.0 million
$117.5 million
-3.8% to -1.3%
Non-GAAP EPS b
$0.17 to $0.21
$0.14
21.4% to 50.0%
Source: See Release , August 4, 2009
FULL YEAR 2009 Guidance Ending December a
Full Year 2009 Guidance Full Year 2008 Reported Period Change
GAAP Revenue
$495.0 to $510.0 million
$501.6 million
-1.3% to 1.7%
Non-GAAP EPS b
$1.00 to $1.10
$0.70
42.9% to 57.1%
a The above forecasts reflect the Company's current and preliminary view and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.
b Non-GAAP EPS Figures exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam ® non-GAAP figures may, from time to time, differ from company supplied figures.
Comments & Business Outlook
“We experienced solid revenue growth in light of the current economic environment and the negative pressures related to the strengthened U.S. dollar. With that said, we are very pleased with our strong earnings performance, balance sheet management and cash generation,” stated Tony Bihl, Chief Executive Officer. “Through a combination of operational efficiencies, reduced interest expense, a reduced tax rate, and continued working capital management, we were able to generate significantly improved earnings and cash flow over the prior year and further reduce our debt by $36 million in the first quarter .”
"Reflecting continued efficiencies in cost of sales and operating expenses, the reduction in the 2009 expected effective tax rate and interest expense savings resulting from accelerated debt retirements, the Company has increased its 2009 non-GAAP adjusted earnings per share guidance ."
2nd Quarter 2009 Guidance Ending June a
2nd Quarter 2009 Guidance 2nd Quarter 2008 Reported Period Change
GAAP Revenue
$124 to $130 million
$129.8 million
-4.5% to 00.0%
Non-GAAP EPS b
$0.22 to $0.26
$0.26
-15.4% to 00.0%
FULL YEAR 2009 Guidance Ending December a
Full Year 2009 Guidance Full Year 2008 Reported Period Change
GAAP Revenue
$495 to $515 million
$501.6 million
-1.32% to 2.67%
Non-GAAP EPS b
$0.96 to $1.07
$0.70
37.1% to 52.9%
a The above forecasts reflect the Company's current and preliminary view and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.
b Non-GAAP EPS Figures exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam ® non-GAAP figures may, from time to time, differ from company supplied figures.
Comments & Business Outlook
Guidance Report: (Non-China)
Full Year Fiscal 2009 Guidance Ending March
2009 Guidance
2008 Reported
Period Change
GAAP Revenue
$117 to $124 million
$120.4 million
-2.82% to 3.33%
*Non-GAAP EPS
$0.15 to $0.19
$ 0.17
-11.76% to 11.76%
Full Year Fiscal 2009 Guidance Ending December
2009 Guidance
2008 Reported
Period Change
GAAP Revenue
$495 to $515 million
$501.6 million
-1.32% to 2.67%
*Non-GAAP EPS
$0.86 to $0.99
$ 0.70
18.60% to 41.43%
*Given the significant impact of the amortization of financing costs resulting from the implementation of FSP No. APB 14-1 , combined with the amortization of intangibles, the Company now has two significant non-cash charges in GAAP earnings that create inconsistencies in comparisons to many other companies. Accordingly the company will guide to non-GAAP adjusted earnings per share, which the Company defines as GAAP earnings per share excluding the impact of amortization of intangibles and amortization of financing costs .
Source: Business Wire (February 17, 2009 )
