LaBarge Expects Q3 Sales to Exceed Guidance PDF Print E-mail
Monday, 21 April 2008 06:12
ST. LOUIS – For the third quarter of fiscal 2008, EMS firm LaBarge Inc. expects net sales of $75.4 million, up 27% year-over-year, beating previous guidance.
 
In March, the company projected net sales of $70 million to $72 million.
 
LaBarge reported first-half net sales of $126.2 million.
 
The company also updated fourth-quarter guidance, stating it expects sales and earnings to be comparable to this year’s preliminary third-quarter results, up substantially from the prior-year fourth quarter.
 
“Third-quarter results were better than we had previously anticipated due to some customers accelerating deliveries and broad-based strength in our end markets. That strength is continuing and we anticipate fourth-quarter results will be comparable to the preliminary third-quarter results announced today,” said Craig LaBarge, CEO and president.
 
Full third-quarter results will be announced May 1.
Last Updated on Monday, 21 April 2008 06:16
 

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