Revolution Lighting Technologies, Inc. revised earnings guidance for the fourth quarter and full year of 2017. A slower recovery from the unprecedented weather conditions in Texas and the southeastern United States at Value Lighting division coupled with a slip of a number of energy savings projects to the first quarter of 2018 has resulted in fourth quarter revenue of approximately $35 million versus prior fourth quarter guidance of $47-$50 million. The company expects to report adjusted EBITDA of break even and positive cash flow of $4 million to $5 million in the fourth quarter.

For the full year of 2017, the company expects revenue to be approximately $152 million against the previous guidance of $165 million to $170 million.

The company provided preliminary earnings guidance for the full year of 2018. For the period, the company expected revenue to be $165 million to $175 million with adjusted EBITDA and cash flow in the 8% to 10% range.

The company will record a noncash charge of approximately $65-$70 million in the fourth quarter of 2017 which is comprised of $50-$55 million in the reduction of the carrying value of goodwill and intangible assets and $15 million related in the restructuring and inventory charges.