Press release
Nesco Holdings I, Inc. Pre-Releases Selected Preliminary Unaudited Second Quarter 2019 Financial Results
WASHINGTON and FORT WAYNE, Ind., July 22, 2019 /PRNewswire/ -- Capitol Investment Corp. IV (NYSE: CIC; "Capitol"), a public investment vehicle, and Nesco
About this update from Lindblad Expeditions Holdings Inc.
[{"type":"text","content":"WASHINGTON and FORT WAYNE, Ind., July 22, 2019 /PRNewswire/ -- Capitol Investment Corp. IV (NYSE: CIC; \"Capitol\"), a public investment vehicle, and Nesco Holdings I, Inc. (\"Nesco\"), a leading provider of specialty rental equipment to the electric utility, telecom and rail end-markets, today issue this press release pre-releasing selected preliminary unaudited financial results for Nesco's second quarter ended June 30, 2019. \n\n \nSecond Quarter 2019 Preliminary Unaudited Financial Highlights\nRevenue estimated between $62.5 and $63.5 million (an increase of approximately 13% from second quarter of 2018 at the midpoint) Adjusted EBITDA estimated between $30.0 and $31.0 million (an increase of approximately 7% from second quarter of 2018 at the midpoint) Reaffirm full year 2019 revenue and Adjusted EBITDA outlook of $270 million and $137 million, respectively (excluding the impact of any potential acquisitions)Review of Second Quarter 2019 Results\n\"We are pleased to deliver strong preliminary results for the second quarter of 2019,\" said Lee Jacobson, Nesco's CEO. \"Our second quarter results reflect continued robust growth in demand across all our end markets. In addition to the previously announced opening of two new Parts, Tools and Accessories facilities in April, we began realizing deliveries of new equipment ahead of our growth plan. Our planned acquisition is also progressing well and we expect to complete it soon after our merger with Capitol. We remain committed to achieving our long-term financial goals and executing on our strategic initiatives and look forward to completing our merger with Capitol and entering into the next phase in Nesco's growth story.\"\nNesco has not yet finalized its financial statement close process for the quarter ended June 30, 2019. As a result, the information in this press release is preliminary and based upon information available to Nesco as of the date of this press release. In connection with the finalization process, Nesco may identify items that would require adjustments to its preliminary financial results announced herein. Nesco's financial results may be different, and those differences could be material. The preliminary financial results have been prepared by and are the responsibility of Nesco's management. Nesco's independent registered public accounting firm has not audi...