Greatbatch Warns Of FY14 Revenue Miss

(RTTNews) - Greatbatch, Inc. (GB) said it now expects to report revenue of about $688 million and adjusted earnings of about $2.38 per share for the full year 2014. Previously, the company forecast revenues of $695 million to $705 million and adjusted earnings of $2.32 to $2.38 per share.

Analysts polled by Thomson Reuters expect the comnpany to earn $2.36 per share on revenue of $699.13 million for the full year 2014.

Looking forward to 2015, the company forecasts revenue growth of 4% to 6% and adjusted earnings per share ~2X the revenue growth. Analysts expect the comnpany to earn $2.60 per share on revenue growth of 4.80% for the full year 2015.

The company expects 2015 to be a transformative year because of several long-term strategic initiatives that will begin to materialize.