Education Management Corporation Provides Earnings Guidance for the Third Quarter Ending March 31, 2013 and Full Year Ending June 30, 2013
For the full year, the company expects net income in the range of $40 to $47 million, net interest expense in the range of $124 to $124 million, income tax expense in the range of $34 to $37 million, depreciation and amortization in the range of $159 to $159 million, EBITDA excluding expenses related to restructuring and other charges in the range of $365 to $375 million and earning per diluted share in the range of $0.32 to $0.37. Earnings per diluted share excluding expenses related to restructuring and other charges in the range of $0.38 to $0.44 and net income excluding expenses related to restructuring and other charges in the range of $48 to $55 million.