STR Holdings, which has booked losses in four consecutive quarters, said it expects fourth-quarter net sales to show their first sequential growth in two years.
The Enfield solar encapsulant manufacturer expects to report between $6.5 million and $6.7 million in net sales when it files its fourth-quarter and annual financials in March.
That would be an increase over $6.2 million in the third quarter, but still well below $23.1 million booked during the final quarter of 2012.
STR didn’t offer any expectations for its fourth-quarter net income. The company retracted its full-year earnings guidance in August, citing uncertainty around a product launch and a major customer’s bankruptcy proceedings.
STR also announced that it has commenced a tender offer to purchase up to $30 million of its common stock.
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