EmailEnergySolutions (ES $2.36 -1.21) is lowering its fiscal year 2012 Adjusted EBITDA guidance to $130 to $140 million from $150 to $160 million provided with its Q1 results on May 9, 2012. The revision is a result of continued slowdown in shipments to Clive in both the government and commercial businesses, expected delay in the resolution of the Salt Waste project issues until 2013, and slower than planned realization of cost savings.
"We have a lot of work ahead of us, but we also have extraordinarily talented engineers and scientists and deep industry experience. These are fundamental strengths upon which we will build our future. I look forward to working closely with my fellow directors, Greg, and our proven and experienced operating management team to help EnergySolutions realize its full potential."
