Sees revenue $275M-$295M, consensus $291.33M. Sees adjusted EBITDA $19M-$24M. Continues to expect capital expenditures to be approximately $12M for the year. CEO Brad Nelson said, “We are narrowing our full year guidance as a result of our second quarter outperformance and added confidence in our production plans from the encouraging XStar launch. We are planning for a range of industry and macroeconomic scenarios while implications of trade uncertainties on the broader economy remains largely unknown. With a strong balance sheet and cash flow generation, we maintain the financial flexibility to pursue our key growth initiatives while we continue to repurchase shares. As we move beyond inventory rebalancing, we are highly focused on positioning the business to capitalize on the upcoming market recovery.”
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