Tenon Limited provided earnings guidance for the year ending June 30, 2013. EBITDA is now forecast to be in a range of $4 million - $5 million, assuming existing operating remain for the balance of the year. Operating profit before financing costs (EBITDA less depreciation) is forecast to be $8 million - $9 million better than the $8 million loss (including restructuring costs) recorded in the previous year.

Assuming the US housing market continues on its recovery path and the NZD:USD cross rate remains around the current range, then the company would expect fiscal year ending June 2014 EBITDA to be more than twice this year's forecast EBITDA, and calendar year 2014 EBITDA to be materially higher than that again.