ESI Reports Strong Preliminary Third Quarter 2018 Financial Results
Summary
For the third quarter ESI expects to report revenue of between $106 and $111 million, and adjusted earnings per diluted share that exceeds the guided range provided on November 1.“I’m pleased the market conditions we experienced in the summer of 2017 continued into the December quarter, enabling us to deliver another exceptional quarter with both our top and bottom line results projected to exceed expectations,” stated Michael Burger, President and CEO of ESI.ESI’s solutions produce the industry’s highest quality and throughput, and target the lowest total cost of ownership.ESI is headquartered in Portland, Oregon, with global operations and subsidiaries in Asia, Europe and North America.The statements contained in this press release that are not statements of historical fact, including statements regarding our expected financial results for the fiscal 2018 third quarter, including revenue, adjusted earnings per diluted share and bookings, our anticipated announcement of full third quarter financial results, our expectation regarding continued capacity expansion in the flexible circuit market, our expectations regarding fourth quarter and first half fiscal 2019 revenues, the expected buy cycle, our anticipated backlog position and other statements containing the words “believes”, “expects”, “anticipates,” “continue,” “will,” “may” and similar words, constitute forward-looking statements that are subject to a number of risks and uncertainties.