WesternOne Inc. to Wind Down its Operations in Australia; Names Peter Blake as Chief Executive Officer, Effective September 1, 2014; Provides Earnings Guidance for the Second Quarter Ended June 30, 2014
Peter Blake becomes Chief Executive Officer of WesternOne effective September 1, 2014.
The company provided earnings guidance for the second quarter ended June 30, 2014. For the period, the company expects consolidated revenue of approximately $112.1 million and consolidated adjusted EBITDA of approximately $10.5 million. Excluding the impact of the Australian business, estimated consolidated revenue was approximately $98.7 million and consolidated adjusted EBITDA was approximately $12.6 million.