Masterflex SE Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2012; Reaffirms Earnings Guidance for 2012
November 12, 2012 at 03:19 am
Masterflex SE reported consolidated earnings results for the nine months ended September 30, 2012. For the nine months, the company reported revenue of 42.0 million compared to 40.1 million reported a year ago. This represents a rise of 4.8%, with operating results of 5.9 million compared to 5.85 million reported a year ago. EBITDA was 7.85 million compared to 7.84 million reported a year ago. Earnings before tax were 4.7 million compared to 4.2 million reported a year ago. Earnings from continued business units were 3.08 or 0.33 per share compared to 2.73 million or 0.28 per share reported a year ago. Net income was 2.73 million or 0.31 per share compared to 2.38 million or 0.27 per share reported a year ago.
The company is standing by its annual forecast for 2012, although it is no longer possible to rule out annual sales falling slightly short for 2012 compared with the anticipated and ambitious forecast for sales growth of 57 to 58 million. Profitability of the business remains high despite the up-front costs required for internationalisation. The company is looking at an EBIT margin in the region of 14%, even when taking into account a slight shortfall in its sales targets.