Lufkin Industries Sees Q3 Revenue of $225-235M vs $230-250M Prior; EPS $0.55-0.60 vs $0.72-0.82 Prior

Lufkin Industries, Inc. LUFK today announced preliminary unaudited financial results for the third quarter of 2011. Based on preliminary financial data, the company expects to report revenue in the range of $225 million and $235 million for the third quarter of 2011, compared to previous guidance of $230 million to $250 million, and earnings per diluted share of between $0.55 and $0.60, compared to the range of $0.72 to $0.82 that was projected on July 20. Reported net earnings for the third quarter are expected to be additionally impacted by acquisition-related expenses for the purchases of Quinn Oilfield Supply and Pentagon Optimization Services in September.