SBS Technologies Reduces Guidance for the Quarter Ending September 30, 2005 but Reaffirms Guidance for the Fiscal Year
27 Settembre 2005 - 12:00PM
Business Wire
SBS Technologies(R) (Nasdaq: SBSE) today announced that sales for
its first quarter of fiscal year 2006 ending September 30, 2005 are
expected to be between $32 million and $33 million versus the
Company's previous guidance for sales to be between $35 million to
$37 million stated in its earnings press release dated August 9,
2005. "The reduction is primarily due to a combination of supplier
problems and customer delays that unfortunately were not resolved
in time to allow the affected shipments to occur before the end of
September," said Clarence Peckham, CEO of SBS Technologies. "Our
supplier problems were caused by quality issues at two key
suppliers. Although this delayed several shipments to our
customers, these quality issues have since been resolved.
Additional delays were caused by government customers not providing
final approval of system qualification test results until it was
too late to ship products in the quarter. Our bookings for the
first quarter are on plan, and we believe that our previously
stated outlook for the year is sound. Sales for the fiscal year
ending June 30, 2006 are expected to be between $165 million and
$175 million," continued Peckham. Additional information will be
provided in the Company's earnings press release to be issued after
the close of markets on Tuesday, October 18, 2005. ABOUT SBS
TECHNOLOGIES SBS Technologies, Inc., (Nasdaq: SBSE) founded in
1986, designs and builds a wide range of standard and customized
embedded computer products. Our products include processor boards,
input/output modules, networking devices, and complete computer
systems. Our products are used in many industries, including
telecommunications, medical electronics, industrial automation and
defense. Headquartered in Albuquerque, New Mexico, SBS maintains
eight primary operating locations, has regional sales offices
throughout the United States and has international sales and
support offices in six countries. More information on SBS is
available at www.sbs.com. This release contains forward-looking
statements regarding future events and the future financial
performance of SBS that are subject to a number of risks and other
factors which could cause the actual results to differ materially
from those projected or implied in the forward-looking statements.
Among these factors are: timing of receipt of government production
orders; continued health of SBS' end markets, including the
semiconductor manufacturing equipment market and the
telecommunications market; sales to Ericsson to continue during
fiscal year 2006 at approximately the same dollar sales level as
during fiscal year 2005; the rate of adoption of the new
AdvancedTCA(R) standard in the telecommunications market; business
and economic conditions generally affecting SBS' customers and
their end customers, including but not limited to the changes in
size and program priorities of military procurement budgets; a high
degree of uncertainty and rapid change in the markets addressed by
SBS' products that could reduce sales or render certain SBS
products obsolete; customer demand for and acceptance of SBS'
products which may affect both sales and margins; SBS' ability to
design, test and introduce new products on a timely basis; and the
other risk factors listed from time to time in SBS' Securities and
Exchange Commission reports, including those listed under "Risk
Factors" in SBS' Annual Report on Form 10-K for the year ended June
30, 2005 filed with the SEC.
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