Polypore International (PPO) Misses Q2 EPS by 3c; CEO Comments on Outlook

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.

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