Polypore International (PPO) Misses Q2 EPS by 3c; CEO Comments on Outlook
Tweet Send to a FriendGet Alerts PPO Hot Sheet
Price: $40.62 +0.84%
EPS Growth %: -42.6%
Financial Fact:
Net sales: 163.51M
Today's EPS Names:
RAVN, CAMT, HAST, More
EPS Growth %: -42.6%
Financial Fact:
Net sales: 163.51M
Today's EPS Names:
RAVN, CAMT, HAST, More
Trade PPO Now!
Polypore International (NYSE: PPO) reported Q2 EPS of $0.51, $0.03 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $185.8 million versus the consensus estimate of $185.83 million.
Robert B. Toth, President and Chief Executive Officer, said, "We have four core businesses well-positioned for sustainable growth, as well as the step-change growth opportunity in EDV. With the majority of our capital investments completed, the Company has substantial cash generation and earnings growth potential going forward," Toth added. "We anticipate our typical seasonality in the third quarter, yet we expect sales and earnings to improve in the second half of 2012 compared to the first half. While the level of improvement will be closely linked to the sales rate of a few high-content Electric Drive Vehicles, we have the preferred products and technology, the right customers, and the capacity in place to capitalize on market growth to deliver value over the long term."
For earnings history and earnings-related data on Polypore International (PPO) click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Robert B. Toth, President and Chief Executive Officer, said, "We have four core businesses well-positioned for sustainable growth, as well as the step-change growth opportunity in EDV. With the majority of our capital investments completed, the Company has substantial cash generation and earnings growth potential going forward," Toth added. "We anticipate our typical seasonality in the third quarter, yet we expect sales and earnings to improve in the second half of 2012 compared to the first half. While the level of improvement will be closely linked to the sales rate of a few high-content Electric Drive Vehicles, we have the preferred products and technology, the right customers, and the capacity in place to capitalize on market growth to deliver value over the long term."
For earnings history and earnings-related data on Polypore International (PPO) click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Applied Materials, Inc. (AMAT) Tops Q2 EPS by 3c, Offers Guidance
- Alvarion Ltd (ALVR) Narrows Q1 Loss
- UPDATE: Aruba Networks, Inc. (ARUN) Misses Q3 EPS by 4c, Guidance Light
Create E-mail Alert Related Categories
EarningsRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
