contract from the U.S. Navy for the major repair/remanufacture and
production of new traveling wave tubes to support the AN/SLQ-32
Electronic Countermeasures System.
-- In April 2008, CPI received a $2.0 million, one-year contract for the
production of klystrons to support the radar systems on the HAWK
surface-to-air missile system. This contract was the second
significant contract the company received in fiscal 2008 to support the
radar system. CPI was also awarded a $3.9 million order from a
different customer in December 2007.
Fiscal 2008 Outlook
"Our third quarter results contained no surprises, and our business
conditions have held steady in recent months," said Caldarelli. "We do not
anticipate significant changes to CPI's business environment in the
foreseeable future. Therefore, we are leaving our previously issued
guidance for fiscal 2008 unchanged."
(in millions, except per share data) Outlook
Total sales: $365 - $375
Earnings per share on a diluted basis: $1.15 - $1.25
Net income: $20.3 - $22.1
Adjusted EBITDA: $64.5 - $67.0
Adjusted free cash flow: $20 - $24
Financial Community Conference Call
In conjunction with this announcement, CPI will hold a conference call
on Thursday, August 7, 2008 at 11:00 a.m. (EDT) that will be simultaneously
broadcast live over the Internet on the company's Web site. To participate
in the conference call, please dial (877) 397-0292, or (719) 325-4861 for
international callers, enter participant pass code 2664596 and ask for the
CPI International Third Quarter 2008 Financial Results Conference Call. To
access the call via the Internet, please visit '/>"/>
|SOURCE CPI International, Inc.|
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