LPH sorry yes, you are right they said 60 cents in the CC. They reiterated 500M revenue. Given that their margins can't change by more than a point or 2 (their words). It's a strange statement. If they get the revenue the earnings should follow.
If they did 500M then 15% net margin would give 75M net income which for 115M shares I get as 54 cents.
I think there was talk about the new facility giving higher margins? Dunno... can't square that myself. Any mistakes?
LPH - I have being trying to download presentation [1] without any success. What I do know from the last time I saw the guidance [2].
2011 Financial Outlook
The Company maintains its current guidance for fiscal 2011. The Company projects revenues to exceed $500 million for the fiscal year ending June 30, 2011 and adjusted net income to exceed its forecasted $73 million (adjusted net of derivative and financing costs).
Was for 73 million (I get 15% of 500M giving 75M but anyway). If you use 115M that's 63 cents. So, I don't know how they could guide for 73 cents? Around 60 would be a safe estimate as it stands.