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“Our core business is performing well and predictably with solid margins. However, despite strong demand, a small number of our programs are facing short-term execution challenges, which have obscured the underlying strength of our core business. We believe these challenges are resolvable,” said CEO Bill Ballhaus.
For fiscal 2024, the company expects EPS in the range of $1.14-$1.48, compared to the consensus of $1.74, and revenue in the range of $950M-1B, compared to the consensus of $1.05B.
The company also appointed Mr. Ballhaus as President and CEO, effective immediately. He had been serving in these roles on an interim basis since June 24, 2023.
By Davit Kirakosyan
