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Crown Crafts CEO pleased with Springs Global products performance
12 Feb '09
4 min read
FY 2009 Guidance:
The current economic environment has led the Company's customers to delay shipments. As a result, the Company revised its 2009 revenue, EBITDA and EPS guidance. The Company expects net revenues for fiscal year 2009, which ends March 29, 2009, to be in the range of $84.0 million to $87.0 million.
In addition, the Company expects EBITDA for fiscal year 2009 to be in the range of $9.3 million, or 11.1% of net revenues, to $9.9 million, or 11.4% of net revenues, and diluted earnings per share, excluding the effect of the $9.0 million impairment charge, to be in the range of $0.40 to $0.44.
The current economic environment has led the Company's customers to delay shipments. As a result, the Company revised its 2009 revenue, EBITDA and EPS guidance. The Company expects net revenues for fiscal year 2009, which ends March 29, 2009, to be in the range of $84.0 million to $87.0 million.
In addition, the Company expects EBITDA for fiscal year 2009 to be in the range of $9.3 million, or 11.1% of net revenues, to $9.9 million, or 11.4% of net revenues, and diluted earnings per share, excluding the effect of the $9.0 million impairment charge, to be in the range of $0.40 to $0.44.
Crown Crafts Inc
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