Accelerated Decommissioning Projects Delayed by Nation's Financial Crisis

SALT LAKE CITY, UT, October 14 / MARKET WIRE/ -- The financial crisis that is impacting the United States and world markets will delay EnergySolutions' (NYSE: ES) ability to accelerate the decommissioning of identified nuclear power plant assets, a key growth initiative of the company. The company is now estimating net income in the range of $0.50 to $0.60 per share, based on 88.3 million fully diluted shares outstanding. Net income before the non-cash impact of the amortization of intangibles is estimated to be in the range of $0.70 to $0.80 per share. Amortization expense of intangible assets is expected to be $28 million, or $18 million net of related income tax expense. The company estimates EBITDA for fiscal 2008 to be in the range of $165 million to $180 million. Estimates for net income before the non-cash impact of... [read full story]