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Re: TheFinalCD post# 131

Monday, 12/30/2019 1:43:01 PM

Monday, December 30, 2019 1:43:01 PM

Post# of 220
Second Quarter Financials due out early February

From the company:

Fiscal 2020 Outlook:

The Company is maintaining its previous financial guidance for fiscal 2020. Net sales are expected to be within a range of $1.91 billion to $1.97 billion, which contemplates midpoint growth of approximately 5.5% over fiscal 2019's performance.

Adjusted net income is expected within a range of $9 million to $17 million, or $0.20 to $0.40 per diluted share, prior to the impact of costs related to the Company's business optimization program and the engine manufacturing consolidation project. Storm-related generator sales in the first quarter drove modest upside to our planned results, which helps support the achievement of the outlook for the year.

The outlook does not contemplate potential incremental demand related to power outages in California.

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