EL SEGUNDO, Calif., April 27, 2011 /PRNewswire/ -- Wyle announced today that it anticipates posting its financial report for the first quarter of 2011 to its restricted data site on May 25. Beneficial owners of and prospective investors in the securities as well as securities analysts wishing to access the financial reports should contact Rose Ann Tennant at (310) 563-6813 or [email protected] for more information.
In the first quarter of 2011, Wyle expects to report revenue between $280 million and $285 million, Adjusted EBITDA between $21.6 million and $21.8 million, cash interest expense between $10.2 million and $10.4 million and cash between $22 million and $24 million. For the trailing 12 month period ending March 2011, Wyle expects pro forma revenue to be between $1,122 million and $1,127 million, pro forma Adjusted EBITDA to be between $89.6 million and $89.8 million and pro forma cash interest expense to be between $42.0 million and $42.4 million. The final results for the first quarter will be reflected in the quarterly financial statements posted to the restricted data site.
Wyle, a privately held company, is a leading provider of high tech aerospace engineering and information technology services to the federal government on long-term outsourcing contracts. The company also provides test and evaluation of aircraft, weapon systems, networks, and other government assets; and other engineering services to the aerospace, defense, and nuclear power industries.