Ceramic Industry News

Ceradyne Revises 2008 Guidance (posted 9/15/08)

September 15, 2008
/ Print / Reprints /
ShareMore
/ Text Size+
The company's multi-year XSAPI/ESAPI contract award will be delayed unless the Army overrides a recent protest on urgent and compelling grounds.

Ceradyne, Inc. recently announced that it is aware of a protest filed with the Government Accounting Office by a bidder on the anticipated multi-year XSAPI/ESAPI contract. The referenced award will be delayed unless the Army overrides the protest on urgent and compelling grounds. If the protest is not overridden, the award would most likely be delayed, resulting in lower shipments and earnings in Q4 2008 for Ceradyne. Ceradyne understands that various government officials and interested politicians believe the award should not be further delayed because of the protest.

On July 25, 2008, the company’s guidance for 2008 included a sales range from $740 million to $750 million and earnings from $4.70 to $4.80 per diluted share. Based on the above information, the company is providing revised 2008 guidance to a sales range from $710 million to $750 million and earnings from $4.25 to $4.80 per diluted share.

The lower end of the sales and earnings range assumes that an XSAPI award would be made to Ceradyne in late 2008 with only one month of XSAPI shipments in the fourth quarter. The earnings range does not include the effect of the estimated $10 million pre-tax charge in third the quarter of 2008 related to the SemEquip acquisition.

Additional information is available at www.ceradyne.com.

Links

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

THE MAGAZINE

Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40