Edwards Group Raises Q2 Guidance - Quick Facts

(RTTNews) - Edwards Group Limited, (EVAC), an industrial technology company, Tuesday increased its revenue and earnings guidance for the second quarter ended June 30, citing in particular solid semiconductor revenue.

The company now expects revenue to be in the range of 162 to 164 million pounds, higher than the previously announced range of 145 to 160 million pounds. The adjusted net income is also expected to be above the earlier guidance of 12 to 15 million pounds.

Jim Gentilcore, CEO of Edwards, said, "We are very pleased with the strong top-line growth achieved in the second quarter, which has exceeded the guidance we provided on our first quarter earnings call on April 30, 2013. At that time we indicated we saw the potential for continued momentum through the period in semiconductor revenues in particular. This can be seen to have happened, with additional support from Flat Panel revenues..."