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I would now like to provide an insight on our current outlook for 2009 and provide a preliminary guidance for 2010. Please keep in mind that these are forward-looking statements.
In the third quarter, we completed five domestic and one international acquisition. The annualized revenue of these six acquisitions is over $16 million. Keep in mind our guidance does not include future acquisitions which have not closed, divestitures, and acquisition-related expenses, and the release of prior year tax reserves.
For 2009, we believe that the analysts’ EPS estimates for the fourth quarter will be in the range of $0.54 to $0.55 per share, bringing our full year range to $2.08 to $2.09 which we are comfortable with. We believe analysts’ revenue estimates will be approximately $1.17 billion.
We believe analysts will have estimates for net income between $180 million and $181 million, depending on assumptions on margin improvement and interest expense, and we believe analysts will have estimates for free cash flow of between $210 million and $213 million, with CapEx anticipated between $40 million and $42 million.
Now, I’d like to provide preliminary outlook for 2010. We believe analysts’ EPS estimates will be in the range of $2.31 to $2.37 which we are comfortable with. We believe analysts’ revenue estimates for next year will be in the range of $1.27 billion to $1.3 billion depending upon assumptions for growth and foreign exchange.
We believe analysts’ estimates for net income will be between $199 million and $204 million, depending on assumptions on margin improvement and interest expense, and we believe analysts will have estimates for free cash flow of between $230 million and $240 million, with CapEx anticipated between $45 million and $50 million.
In closing, we are very excited about the tremendous growth opportunities in 2009 and beyond.
GM.
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