National Technical Systems (NTSC) Offers FY12 adj.-EBITDA Outlook; Affirms Revs, Sees Lower Costs

National Technical Systems, Inc. (Nasdaq: NTSC) (NTS), announced it expects Adjusted EBITDA for its new fiscal year ending January 31, 2013 will be between $20 million and $22 million with gross profit margin for the full fiscal year expected to be between 26.5 percent and 27.5 percent of revenues. The Company defines Adjusted EBITDA as earnings (net income) before interest, taxes, depreciation and amortization, as adjusted to eliminate the effects of stock-based compensation.

NTS President and Chief Executive Officer William C. McGinnis also reconfirmed the Company's previously announced revenue guidance for its fiscal year 2013 of $164 million to $169 million. In addition, McGinnis reconfirmed that the Company expects fiscal year 2013 sales, general and administrative (SG&A) expense to decline as a percentage of sales from fiscal year 2012 levels.

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