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CJES eliminary Results for Second Quarter Ended June 30, 2011 0 comments
Title Q2 2011 C&J Energy Services Inc Earnings Conference Call
Date and Time Thursday, September 1, 2011 9:00 a.m. CT
Duration 1 Hour
Page 7, SEC Filings: Recent Developments
"Preliminary Results for Second Quarter Ended June 30, 2011. We are in the process of finalizing our results of operations and other financial and operating data for the three months ended June 30, 2011. While full financial information and operating data as of and for such period is not available, based on management’s preliminary estimates from currently available information, we expect that for the three months ended June 30, 2011 our total revenues were between $175.0 million and $182.0 million, compared to $127.2 million for the three months ended March 31, 2011, our gross profit was between $68.0 million and $71.5 million, compared to $57.2 million for the three months ended March 31, 2011, and our net income was between $29.5 million and $31.5 million, compared to $29.1 million for the three months ended March 31, 2011. Net income for the three months ended June 30, 2011 included a loss on early extinguishment of debt of $7.6 million incurred in connection with the refinancing we completed in April 2011.
Because the three months ended June 30, 2011 has recently ended, the unaudited financial information presented above for the three months ended June 30, 2011 reflects estimates based only upon preliminary information available to us as of the date of this prospectus, is not a comprehensive statement of our financial results or position as of or for the three months ended June 30, 2011, and has not been audited or reviewed by our independent registered public accounting firm. Our consolidated financial statements and operating data as of and for the three months ended June 30, 2011 will not be available until after this offering is completed and may vary from the preliminary financial information we have provided. Such variation may be material; accordingly, you should not place undue reliance on these preliminary estimates. The estimates as of and for the three months ended June 30, 2011 are not necessarily indicative of any future period and should be read together with “Risk Factors,” “Cautionary Note Regarding Forward-Looking Statements,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Selected Consolidated Financial Data” and our consolidated financial statements and related notes included elsewhere in this prospectus...."
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