International edition
September 23, 2020

It initiated fiscal second quarter revenue guidance of us$ 198-to-us$ 205 million

WMS reported record first quarter total revenues of us$ 187 million

(US).- WMS Industries reported financial results for its fiscal first quarter ended last September 30. It reported record first quarter total revenues of us$187 million, and reflected a 25% rise in product sales revenues.

F

iscal 2011 first quarter net income of us$ 19.5 million, or diluted earnings per share of us$ 0.33, includes a us$ 3.8 million pre-tax, or us$ 0.04 per diluted share, charge related to the costs of closing the company’s main Netherlands facility and consolidating its operations into other WMS facilities. Excluding the charge, adjusted earnings per diluted share were us$ 0.37.

WMS initiated revenue guidance for the December 2010 quarter of us$ 198-to-us$ 205 million with an operating margin of 19.0%-to-19.5%.

This quarterly revenue guidance represents 23%-to-25% of the fiscal 2011 annual revenue guidance of us$ 830-to-us$ 850 million, which WMS also reaffirmed.

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