Tuesday, August 10, 2010

HEM Q2 CC

Remainder of the year
backlog 70% higher than 2009
unusual high back half revenue
very optimistic
canada down significantly in Q2. lost opportunity for 2010 western canada
double digit growth for the year

china market, OEM, similar growth rate as first half.
minimum breakeven for the back half of the year
ebidta positive for the year...too challenging

record back half of the year more than 2008

cash balance

m&a activity
we have been actively exploring
not active in this market just some dealer consolidation

brazil best growth

china early stage...guidance system

restructuring cost
last 6 months---severance charge
building less products

Q3 Q4

some seasonality stronger Q3 than last year,
Q4 stronger than Q3, potentially best quarter in 2010

distribution channel
australia better revenue generation

still expects 50% plus gross margin
seasonality

2011---record revenue level

less reliant on north america

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