Updated 2009 Earnings Outlook
Consistent with management’s practice, guidance does not reflect the impact of charges incurred and yet to be incurred in 2009 related to severance, acquisition related costs, and interest expense or shares issued in connection with the proposed acquisition of the Alcan Packaging Food Americas business. Management’s guidance also excludes any operating results of the proposed acquisition. Based upon the strong results for the first half of 2009 and management’s consistent expectations for the remainder of the year, management has revised its guidance upward for the full year 2009 to a range of $1.68 to $1.75 per share. This increases and narrows the range of guidance from management’s previous guidance for 2009 of $1.50 to $1.70 per share.
- Companies:
- Bemis