UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
Under
the Securities Exchange Act of 1934
For the
month of December 2008
EXFO
Electro-Optical Engineering Inc.
(Translation
of registrant’s name into English)
400
Godin Avenue, Quebec, Quebec, Canada G1M 2K2
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
|
Form
20-F þ
|
Form
40-F o
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Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
|
Yes
o
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No
þ
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If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-______.
On
December 1, 2008, EXFO Electro-Optical Engineering Inc., a Canadian corporation,
announced that GAAP net earnings will finish above its forecasted range mainly
due to the weakness of the Canadian dollar in the first quarter ended November
30, 2008. This report on Form 6-K sets forth the press release issued on
December 1, 2008 relating to EXFO’s announcement and certain information
relating to its forecasted guidance.
This
press release contain material information relating to EXFO and is hereby
incorporated as a document by reference to Form F-3 (Registration Statement
under the Securities Act of 1933) declared effective as of July 30, 2001 and to
Form F-3 (Registration Statement under the Securities Act of 1933) declared
effective as of March 11, 2002 and to amend certain material
information as set forth in these two Form F-3 documents.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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EXFO
ELECTRO-OPTICAL ENGINEERING INC.
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By:
/s/ Benoit
Ringuette
Name: Benoit
Ringuette
Title: General
Counsel and Corporate Secretary
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Date:
December 2, 2008
EXFO
Raises GAAP Net Earnings Range for Q1 2009
Earnings
positively affected by weakening Canadian dollar
QUEBEC
CITY, CANADA, December 1, 2008 — EXFO Electro-Optical Engineering Inc. (NASDAQ:
EXFO, TSX: EXF) announced today that GAAP net earnings will finish above its
forecasted range mainly due to the weakness of the Canadian dollar in the first
quarter ended Nov. 30, 2008.
Given
that the closing Canadian/US exchange rate was US$0.8083 in the first quarter of
fiscal 2009, compared to US$0.9411 in the previous quarter, EXFO now expects
that GAAP net earnings per diluted share will range between US$0.04 and US$0.07
for the first quarter of fiscal 2009. In fact, the Company expects to realize a
pre-tax, foreign-exchange gain of about US$4 million.
EXFO’s
management had forecasted GAAP net earnings (net loss) between a net loss of
US$0.03 per diluted share and net earnings of US$0.01 per diluted share for the
first quarter of fiscal 2009, based on an exchange rate of US$0.9411 at the end
of the fourth quarter of fiscal 2008. This outlook includes US$0.02 per diluted
share in after-tax amortization of intangible assets and stock-based
compensation costs.
EXFO also
announced that sales should finish between US$45 and US$47 million in the first
quarter of 2009, within the range that was forecasted. Net bookings, meanwhile,
should exceed US$50 million on the strength of strong orders in the Service
Assurance business.
EXFO will
announce its financial results for the first quarter of fiscal 2009 after the
close of markets on January 13, 2009.
About
EXFO
EXFO is a
leading provider of test and service assurance solutions for network service
providers and equipment manufacturers in the global telecommunications industry.
The Telecom Division offers a wide range of innovative solutions extending across the full
technology lifecycle ― from design to technology deployment and onto service
assurance ― and covering all layers on a network infrastructure to enable
triple-play services and next-generation, converged IP networking. The Life
Sciences and Industrial Division offers solutions in medical device and
opto-electronics assembly, fluorescence microscopy and other life science
sectors. For more information, visit www.EXFO.com.
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995, and we intend that such
forward-looking statements be subject to the safe harbors created thereby.
Forward-looking statements are statements other than historical information or
statements of current condition. Words such as may, will, expect, believe,
anticipate, intend, could, estimate, continue, or the negative or comparable
terminology are intended to identify forward-looking statements. In addition,
any statements that refer to expectations, projections or other
characterizations of future events and circumstances are considered
forward-looking statements. They are not guarantees of future performance and
involve risks and uncertainties. Actual results may differ materially from those
in forward-looking statements due to various factors including consolidation in
the global telecommunications test, measurement and monitoring industry; capital
spending levels in the telecommunications, life sciences and high-precision
assembly sectors; concentration of sales; fluctuating exchange rates and our
ability to execute in these uncertain conditions; the effects of the additional
actions we have taken in response to such economic uncertainty (including our
ability to quickly adapt cost structures with anticipated levels of business,
ability to manage inventory levels with market demand); market acceptance of our
new products and other upcoming products; limited visibility with regards to
customer orders and the timing of such orders; our ability to successfully
integrate our acquired and to-be-acquired businesses; our ability to
successfully expand international operations; the retention of key technical and
management personnel; and future economic, competitive, financial and market
conditions, including any slowdown or recession in the global economy.
Assumptions relating to the foregoing involve judgments and risks, all of which
are difficult or impossible to predict and many of which are beyond our control.
Other risk factors that may affect our future performance and operations are
detailed in our Annual Report, on Form 20-F, and our other filings with the U.S.
Securities and Exchange Commission and the Canadian securities commissions. We
believe that the expectations reflected in the forward-looking statements are
reasonable based on information currently available to us, but we cannot assure
you that the expectations will prove to have been correct. Accordingly, you
should not place undue reliance on these forward-looking statements. These
statements speak only as of the date of this document. Unless required by law or
applicable regulations, we undertake no obligation to revise or update any
of them to reflect events or circumstances that occur after the date of this
document.
For
more information
Vance
Oliver
Manager,
Investor Relations
(418)
683-0913, Ext. 3733
vance.oliver@exfo.com