STR Holdings sees adjusted EPS break-even in Q2 2012
Jul 23, 2012 - US solar encapsulant maker STR Holdings Inc (NYSE:STRI) today said it expects to post second-quarter adjusted diluted earnings per share (EPS) at a break-even level in line with its earlier announced forecast for zero to USD 0.02 (EUR 0.017) EPS.
President and CEO Robert Yorgensen said the company was able to achieve the low end of its non-GAAP EPC outlook range thanks to its aggressive cost-cutting measures.
STR Holdings estimates its revenue to be around USD 25 million, below its projections for USD 31 million to USD 33 million.
Operating cash flow from continuing operations is seen to reach USD 8 million, while the cash balance is expected to reach USD 72 million as of June 30, 2012.
STR Holdings plans to announce its second-quarter results on August 8.