Reported diluted EPS
2013 full-year adjusted EPS forecast range narrowed to
2013 THIRD QUARTER HIGHLIGHTS:
Third Quarter Ended |
||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||
Reported | Adjusted* | |||||||||||||||||||||||
Third Quarter | % | Third Quarter | % | |||||||||||||||||||||
(Millions, except per share) |
2013 |
2012 |
change |
2013 |
2012 |
change |
||||||||||||||||||
Net Sales | $ | 3,484.0 | $ | 3,023.3 | 15 | % | $ | 3,484.0 | $ | 3,023.3 | 15 | % | ||||||||||||
Operating Income | 476.0 | 401.2 | 19 | % | 510.1 | 432.4 | 18 | % | ||||||||||||||||
Net Income Attributable to |
308.0 | 238.0 | 29 | % | 318.1 | 258.7 | 23 | % | ||||||||||||||||
Diluted Net Income Per Share | $ | 1.00 | $ | 0.80 | 25 | % | $ | 1.04 | $ | 0.87 | 20 | % | ||||||||||||
* Operating income is adjusted for special gains and charges. Net income and diluted net income per share are adjusted for special gains and charges and discrete tax items.
CEO comment
Commenting on the
quarter,
"We continue to feel great about our opportunity and our future. We serve a large market with robust potential in each of our core businesses, and believe we have the right strategies and tactics to capitalize on them. Our value proposition for customers remains compelling — delivering improved results at lower total costs — and we are using this strong value equation to win new and expanded business. We are working to improve our effectiveness and efficiency in all of our businesses to drive better growth and improve profitability. In short, we have terrific businesses with excellent prospects, and we have a strong team to realize them. We remain focused on capitalizing on these opportunities and delivering superior results for our customers and shareholders in 2013 and beyond."
Quarter overview
Third Quarter Ended |
||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||
Reported | % | Adjusted Fixed Currency* | % | |||||||||||||||||||
(Millions) | 2013 | 2012 | Change | 2013 | 2012 | Change | ||||||||||||||||
Net Sales | $ | 3,484.0 | $ | 3,023.3 | 15 | % | $ | 3,535.9 | $ | 3,051.6 | 16 | % | ||||||||||
Operating Income | 476.0 | 401.2 | 19 | % | 519.9 | 435.5 | 19 | % | ||||||||||||||
* Operating income is adjusted for special gains and charges.
Acquisition adjusted growth rates generally exclude the results of any acquired business for the first twelve months post acquisition and exclude the results of any divested businesses for the previous twelve months prior to divestiture. Champion is an exception. Due to the rapid pace at which the business is being fully integrated within our Global Energy segment, including all customer selling activity, discrete financial data specific to the legacy Champion business is not necessarily available post acquisition. As such, to allow for the most meaningful period-over-period comparison, specific to the Champion transaction, Champion's results for the comparable period of the prior year have been included for purposes of providing acquisition adjusted growth rates.
Third quarter 2013 reported operating income increased 19% to
Third quarter 2013 reported net income attributable to
Third quarter 2013 adjusted net income attributable to
Segment review
During the third
quarter of 2013, we made a change to the way we measure and report
certain segments' operating income, with intangible asset amortization
specific to the Champion transaction moving to the Global Energy
reportable segment from the Corporate segment. To provide meaningful
comparisons, this change was made retroactively, resulting in
Third quarter 2013 sales for the
Third quarter 2013 sales for the Global Institutional segment, when
measured at fixed currency rates, rose 5% to
Third quarter 2013 sales for the Global Energy segment sales, when
measured at fixed currency rates, grew 68% to
Other segment sales, when measured at fixed currency rates, declined 3%
to
Including the segment measurement change previously discussed, the
Corporate segment includes amortization from the Nalco merger intangible
assets and certain integration costs for both the Nalco and Champion
transactions. The Corporate segment also includes special gains and
charges. Special gains and charges for the third quarter 2013 were a net
charge of
The reported income tax rate for the third quarter 2013 was 24.9% and compared with the reported rate of 29.0% in the third quarter 2012. Excluding the tax rate impact of special gains and charges and discrete tax items, the adjusted effective income tax rate was 28.4% in the third quarter 2013 compared with 29.4% for the same period last year. The improved tax rate was primarily the result of global tax planning actions, extension of the R&D tax credit and the geographic mix of income.
Business Outlook
2013
Special gains and charges for the full-year 2013 are expected to be
approximately a
2013 — Fourth Quarter
Our detailed outlook for the fourth quarter 2013 is as follows:
Adjusted Gross Margin, excluding special gains and charges | approx. 46% | ||
SG&A % of Sales | 31% to 32% | ||
Interest expense, net |
|
||
Adjusted effective tax rate | 28% - 29% | ||
Adjusted EPS, excluding special gains and charges |
|
||
Diluted shares | approx. 307 million | ||
We expect fourth quarter 2013 special gains and charges, including
restructuring charges and integration costs, to be a net charge of
approximately
Reported fourth quarter 2012 diluted earnings per share of
About
A trusted partner at more than one million
customer locations,
Cautionary Statements Regarding Forward-Looking Information
This
communication contains certain statements relating to future events and
our intentions, beliefs, expectations and predictions for the future
which are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Words or phrases such
as "will likely result," "are expected to," "will continue," "is
anticipated," "we believe," "we expect," "estimate," "project," "may,"
"will," "intend," "plan," "believe," "target," "forecast" (including the
negative or variations thereof) or similar terminology used in
connection with any discussion of future plans, actions or events
generally identify forward-looking statements. These forward-looking
statements include, but are not limited to, statements regarding our
financial and business performance and prospects, including forecasted
2013 fourth quarter and full-year business results, including adjusted
gross margin, SG&A ratios to sales, interest expense, adjusted effective
tax rate, adjusted earnings per share and diluted shares outstanding;
and special gains and charges, including restructuring charges and
integration costs. These statements are based on the current
expectations of management of the company. There are a number of risks
and uncertainties that could cause actual results to differ materially
from the forward-looking statements included in this communication. In
particular, the ultimate results of any restructuring, integration and
business improvement actions, including cost synergies, depend on a
number of factors, including the development of final plans, the impact
of local regulatory requirements regarding employee terminations, the
time necessary to develop and implement the restructuring and other
business improvement initiatives and the level of success achieved
through such actions in improving competitiveness, efficiency and
effectiveness. In addition, as it relates to the Champion acquisition
and Nalco merger, these risks and uncertainties include problems that
may arise in successfully integrating the businesses of the company and
Nalco Champion, which may result in the combined business not operating
as effectively and efficiently as expected.
Additional risks and uncertainties that may affect operating results and
business performance are set forth under Item 1A of our most recent Form
10-K for the year ended
Non-GAAP Financial Information
This news release and certain
of the accompanying tables include financial measures that have not been
calculated in accordance with accounting principles generally accepted
in the U.S. (GAAP). These non-GAAP financial measures include fixed
currency sales, acquisition adjusted fixed currency sales, adjusted
gross margins, fixed currency operating income, adjusted operating
income, adjusted fixed currency operating income, adjusted fixed
currency operating income adjusted for acquisitions, adjusted effective
tax rate, adjusted net income attributable to
We provide these measures as additional information regarding our operating results. We use these non-GAAP measures internally to evaluate our performance and in making financial and operational decisions, including with respect to incentive compensation. We believe that our presentation of these measures provides investors with greater transparency with respect to our results of operations and that these measures are useful for period-to-period comparison of results.
We include in special gains and charges items that are unusual in
nature, and significant in amount. In order to better allow investors to
compare underlying business performance period-to-period, we provide
adjusted gross margin, adjusted operating income, adjusted net income
attributable to
The adjusted effective tax rate measure promotes period-to-period comparability of the underlying effective tax rate because it excludes the tax rate impact of special gains and charges and discrete tax items which do not necessarily reflect costs associated with historical trends or expected future results.
We evaluate the performance of our international operations based on fixed currency rates of foreign exchange. Fixed currency sales, acquisition adjusted fixed currency sales, fixed currency operating income, adjusted fixed currency operating income and adjusted fixed currency operating income adjusted for acquisitions measures eliminate the impact of exchange rate fluctuations on our international sales, acquisition adjusted sales, operating income, adjusted operating income and acquisition adjusted operating income, respectively, and promote a better understanding of our sales and operating income trends from underlying business performance. Fixed currency amounts included in this release are based on translation into U.S. dollars at the fixed foreign currency exchange rates established by management at the beginning of 2013.
Acquisition adjusted growth rates generally exclude the results of any acquired business for the first twelve months post acquisition and exclude the results of any divested businesses for the previous twelve months prior to divestiture. Champion is an exception. Due to the rapid pace at which the business is being fully integrated within our Global Energy segment, including all customer selling activity, discrete financial data specific to the legacy Champion business is not necessarily available post acquisition. As such, to allow for the most meaningful period-over-period comparison, specific to the Champion transaction, Champion's results for the comparable period of the prior year have been included for purposes of providing acquisition adjusted growth rates.
These non-GAAP financial measures are not in accordance with, or an alternative to, GAAP and may be different from non-GAAP measures used by other companies. Investors should not rely on any single financial measure when evaluating our business. We recommend that investors view these measures in conjunction with the GAAP measures included in this news release. A reconciliation of reported diluted earnings per share to adjusted diluted earnings per share is provided in the table "Supplemental Diluted Earnings per Share Information" included in this news release.
(ECL-E)
|
||||||||||||||||||||||||||||
CONSOLIDATED STATEMENT OF INCOME | ||||||||||||||||||||||||||||
THIRD QUARTER & NINE MONTHS ENDED |
||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
Third Quarter Ended | Nine Months Ended | |||||||||||||||||||||||||||
|
% |
|
% | |||||||||||||||||||||||||
(millions, except per share) | 2013 | 2012 | Change | 2013 | 2012 | Change | ||||||||||||||||||||||
Net sales | $ | 3,484.0 | $ | 3,023.3 | 15 | % | $ | 9,693.9 | $ | 8,792.9 | 10 | % | ||||||||||||||||
Cost of sales (1) | 1,882.8 | 1,616.4 | 16 | % | 5,276.3 | 4,839.3 | 9 | % | ||||||||||||||||||||
Selling, general and administrative expenses | 1,097.4 | 977.7 | 12 | % | 3,176.5 | 2,949.1 | 8 | % | ||||||||||||||||||||
Special (gains) and charges (1) | 27.8 | 28.0 | 151.1 | 111.0 | ||||||||||||||||||||||||
Operating income | 476.0 | 401.2 | 19 | % | 1,090.0 | 893.5 | 22 | % | ||||||||||||||||||||
Interest expense, net (1) | 67.0 | 64.2 | 4 | % | 194.7 | 214.2 | -9 | % | ||||||||||||||||||||
Income before income taxes | 409.0 | 337.0 | 21 | % | 895.3 | 679.3 | 32 | % | ||||||||||||||||||||
Provision for income taxes | 101.8 | 97.7 | 4 | % | 211.3 | 212.5 | -1 | % | ||||||||||||||||||||
Net income including noncontrolling interest | 307.2 | 239.3 | 28 | % | 684.0 | 466.8 | 47 | % | ||||||||||||||||||||
Less: Net income (loss) attributable to noncontrolling interest (1) | (0.8 | ) | 1.3 | 3.3 | (5.4 | ) | ||||||||||||||||||||||
Net income attributable to |
$ | 308.0 | $ | 238.0 | 29 | % | $ | 680.7 | $ | 472.2 | 44 | % | ||||||||||||||||
Earnings attributable to |
||||||||||||||||||||||||||||
Basic | $ | 1.02 | $ | 0.81 | 26 | % | $ | 2.27 | $ | 1.62 | 40 | % | ||||||||||||||||
Diluted | $ | 1.00 | $ | 0.80 | 25 | % | $ | 2.23 | $ | 1.58 | 41 | % | ||||||||||||||||
Weighted-average common shares outstanding | ||||||||||||||||||||||||||||
Basic | 301.3 | 292.7 | 3 | % | 299.4 | 292.0 | 3 | % | ||||||||||||||||||||
Diluted | 307.2 | 298.6 | 3 | % | 305.3 | 298.3 | 2 | % | ||||||||||||||||||||
(1) Special (gains) and charges in the Consolidated Statement of Income above include the following: | ||||||||||||||||||||||||||||
(millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||
Cost of sales | ||||||||||||||||||||||||||||
Restructuring | $ | 1.9 | $ | 1.7 | $ | 5.5 | $ | 9.6 | ||||||||||||||||||||
Recognition of inventory fair value step-up | 4.4 | 1.5 | 18.0 | 72.7 | ||||||||||||||||||||||||
Subtotal | 6.3 | 3.2 | 23.5 | 82.3 | ||||||||||||||||||||||||
Special (gains) and charges | ||||||||||||||||||||||||||||
Restructuring charges | 11.9 | 20.8 | 75.4 | 73.2 | ||||||||||||||||||||||||
Champion acquisition and integration costs | 10.7 | 3.8 | 42.5 | 3.8 | ||||||||||||||||||||||||
Nalco merger and integration costs | 5.3 | 16.4 | 13.5 | 47.0 | ||||||||||||||||||||||||
|
(0.1 | ) | - | 23.3 | - | |||||||||||||||||||||||
Gain on sale of business | - | (13.0 | ) | - | (13.0 | ) | ||||||||||||||||||||||
Litigation related charges and other | - | - | (3.6 | ) | - | |||||||||||||||||||||||
Subtotal | 27.8 | 28.0 | 151.1 | 111.0 | ||||||||||||||||||||||||
Operating income subtotal | 34.1 | 31.2 | 174.6 | 193.3 | ||||||||||||||||||||||||
Interest expense, net | ||||||||||||||||||||||||||||
Acquisition debt costs | - | - | 2.5 | - | ||||||||||||||||||||||||
Debt extinguishment costs | - | - | - | 18.2 | ||||||||||||||||||||||||
Subtotal | - | - | 2.5 | 18.2 | ||||||||||||||||||||||||
Net income attributable to noncontrolling interest | ||||||||||||||||||||||||||||
|
- | - | (0.5 | ) | - | |||||||||||||||||||||||
Recognition of Nalco inventory fair value step-up | - | - | - | (4.5 | ) | |||||||||||||||||||||||
Subtotal | - | - | (0.5 | ) | (4.5 | ) | ||||||||||||||||||||||
Total | $ | 34.1 | $ | 31.2 | $ | 176.6 | $ | 207.0 | ||||||||||||||||||||
|
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REPORTABLE SEGMENT INFORMATION | ||||||||||||||||||||||||||||
THIRD QUARTER & NINE MONTHS ENDED |
||||||||||||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||||||
Third Quarter Ended | Nine Months Ended | |||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
(millions) | 2013 | 2012 | % Change | 2013 | 2012 | % Change | ||||||||||||||||||||||
Net Sales | ||||||||||||||||||||||||||||
|
$ | 1,261.1 | $ | 1,225.3 | 3 | % | $ | 3,622.0 | $ | 3,533.9 | 2 | % | ||||||||||||||||
Global Institutional | 1,099.2 | 1,047.7 | 5 | % | 3,128.8 | 3,027.5 | 3 | % | ||||||||||||||||||||
Global Energy | 990.6 | 588.2 | 68 | % | 2,470.7 | 1,677.2 | 47 | % | ||||||||||||||||||||
Other | 185.0 | 190.4 | -3 | % | 532.5 | 554.8 | -4 | % | ||||||||||||||||||||
Subtotal at fixed currency rates | 3,535.9 | 3,051.6 | 16 | % | 9,754.0 | 8,793.4 | 11 | % | ||||||||||||||||||||
Currency impact | (51.9 | ) | (28.3 | ) | (60.1 | ) | (0.5 | ) | ||||||||||||||||||||
Consolidated | $ | 3,484.0 | $ | 3,023.3 | 15 | % | $ | 9,693.9 | $ | 8,792.9 | 10 | % | ||||||||||||||||
Operating Income | ||||||||||||||||||||||||||||
|
$ | 181.3 | $ | 164.1 | 10 | % | $ | 455.7 | $ | 396.3 | 15 | % | ||||||||||||||||
Global Institutional | 224.9 | 197.1 | 14 | % | 563.8 | 510.6 | 10 | % | ||||||||||||||||||||
Global Energy | 135.5 | 95.4 | 42 | % | 331.4 | 256.6 | 29 | % | ||||||||||||||||||||
Other | 26.9 | 30.0 | -10 | % | 73.7 | 77.3 | -5 | % | ||||||||||||||||||||
Corporate | (82.8 | ) | (82.3 | ) | (322.3 | ) | (344.8 | ) | ||||||||||||||||||||
Subtotal at fixed currency rates | 485.8 | 404.3 | 20 | % | 1,102.3 | 896.0 | 23 | % | ||||||||||||||||||||
Currency impact | (9.8 | ) | (3.1 | ) | (12.3 | ) | (2.5 | ) | ||||||||||||||||||||
Consolidated | $ | 476.0 | $ | 401.2 | 19 | % | $ | 1,090.0 | $ | 893.5 | 22 | % | ||||||||||||||||
Note: |
During the third quarter of 2013, the company's management made a
change to the way it measures and reports certain segments'
operating income, with intangible asset amortization specific to the
Champion transaction moving to the Global Energy reportable segment
from the Corporate segment. To provide meaningful comparisons, this
change was made retroactively, resulting in |
Including the change discussed above, the Corporate segment includes amortization from the Nalco merger intangible assets and certain integration costs for both the Nalco and Champion transactions. The Corporate segment also includes special (gains) and charges reported on the Consolidated Statement of Income. |
Effective in the first quarter of 2013, the company changed its reportable segments due to a change in its underlying organizational model designed to support the business following the Nalco merger and to facilitate global growth. |
|
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CONSOLIDATED BALANCE SHEET | |||||||||||||||
(unaudited) | |||||||||||||||
|
|
|
|||||||||||||
(millions) | 2013 | 2012 | 2012 | ||||||||||||
Assets | |||||||||||||||
Current assets | |||||||||||||||
Cash and cash equivalents | $ | 394.4 | $ | 1,157.8 | $ | 324.0 | |||||||||
Accounts receivable, net | 2,488.9 | 2,225.1 | 2,199.0 | ||||||||||||
Inventories | 1,378.1 | 1,088.1 | 1,103.8 | ||||||||||||
Deferred income taxes | 196.6 | 205.2 | 186.3 | ||||||||||||
Other current assets | 338.0 | 215.8 | 259.8 | ||||||||||||
Total current assets | 4,796.0 | 4,892.0 | 4,072.9 | ||||||||||||
Property, plant and equipment, net | 2,786.1 | 2,409.1 | 2,334.2 | ||||||||||||
Goodwill | 6,812.8 | 5,920.5 | 5,893.7 | ||||||||||||
Other intangible assets, net | 4,851.1 | 4,044.1 | 4,103.3 | ||||||||||||
Other assets | 367.6 | 306.6 | 318.7 | ||||||||||||
Total assets | $ | 19,613.6 | $ | 17,572.3 | $ | 16,722.8 | |||||||||
Liabilities and Equity | |||||||||||||||
Current liabilities | |||||||||||||||
Short-term debt | $ | 713.2 | $ | 805.8 | $ | 631.0 | |||||||||
Accounts payable | 926.6 | 879.7 | 858.6 | ||||||||||||
Compensation and benefits | 506.3 | 518.8 | 459.6 | ||||||||||||
Income taxes | 68.6 | 77.4 | 73.0 | ||||||||||||
Other current liabilities | 985.9 | 771.0 | 796.5 | ||||||||||||
Total current liabilities | 3,200.6 | 3,052.7 | 2,818.7 | ||||||||||||
Long-term debt | 6,537.3 | 5,736.1 | 5,386.7 | ||||||||||||
Postretirement health care and pension benefits | 1,242.4 | 1,220.5 | 997.0 | ||||||||||||
Other liabilities | 1,787.4 | 1,402.9 | 1,494.2 | ||||||||||||
Total liabilities | 12,767.7 | 11,412.2 | 10,696.6 | ||||||||||||
Equity | |||||||||||||||
Common stock | 344.6 | 342.1 | 340.1 | ||||||||||||
Additional paid-in capital | 4,647.2 | 4,249.1 | 4,162.5 | ||||||||||||
Retained earnings | 4,494.7 | 4,020.6 | 3,856.9 | ||||||||||||
Accumulated other comprehensive loss | (700.4 | ) | (459.7 | ) | (353.6 | ) | |||||||||
Treasury stock | (2,009.7 | ) | (2,075.1 | ) | (2,060.5 | ) | |||||||||
Total |
6,776.4 | 6,077.0 | 5,945.4 | ||||||||||||
Noncontrolling interest | 69.5 | 83.1 | 80.8 | ||||||||||||
Total equity | 6,845.9 | 6,160.1 | 6,026.2 | ||||||||||||
Total liabilities and equity | $ | 19,613.6 | $ | 17,572.3 | $ | 16,722.8 | |||||||||
|
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SUPPLEMENTAL DILUTED EARNINGS PER SHARE INFORMATION | |||||||||||||||||||||||||||||||||||
(unaudited) | |||||||||||||||||||||||||||||||||||
The table below provides a reconciliation of diluted earnings per share, as reported, to the non-GAAP measure of adjusted diluted earnings per share. |
|||||||||||||||||||||||||||||||||||
First | Second | Six | Third | Nine | Fourth | ||||||||||||||||||||||||||||||
Quarter | Quarter | Months | Quarter | Months | Quarter | Year | |||||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | Ended | Ended | Ended | |||||||||||||||||||||||||||||
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2012 | 2012 | 2012 | 2012 | 2012 | 2012 | 2012 | |||||||||||||||||||||||||||||
Diluted earnings per share, | |||||||||||||||||||||||||||||||||||
as reported (U.S. GAAP) | $ | 0.17 | $ | 0.62 | $ | 0.79 | $ | 0.80 | $ | 1.58 | $ | 0.77 | $ | 2.35 | |||||||||||||||||||||
Adjustments: | |||||||||||||||||||||||||||||||||||
Special (gains) and charges (1) | 0.33 | 0.11 | 0.44 | 0.07 | 0.51 | 0.14 | 0.65 | ||||||||||||||||||||||||||||
Tax expense (benefits) (2) | 0.00 | (0.01 | ) | (0.00 | ) | (0.00 | ) | (0.01 | ) | (0.02 | ) | (0.03 | ) | ||||||||||||||||||||||
Adjusted diluted earnings | |||||||||||||||||||||||||||||||||||
per share (Non-GAAP) | $ | 0.50 | $ | 0.72 | $ | 1.22 | $ | 0.87 | $ | 2.09 | $ | 0.89 | $ | 2.98 | |||||||||||||||||||||
First | Second | Six | Third | Nine | Fourth | ||||||||||||||||||||||||||||||
Quarter | Quarter | Months | Quarter | Months | Quarter | Year | |||||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | Ended | Ended | Ended | |||||||||||||||||||||||||||||
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2013 | 2013 | 2013 | 2013 | 2013 | 2013 | 2013 | |||||||||||||||||||||||||||||
Diluted earnings per share, | |||||||||||||||||||||||||||||||||||
as reported (U.S. GAAP) | $ | 0.53 | $ | 0.69 | $ | 1.23 | $ | 1.00 | $ | 2.23 | |||||||||||||||||||||||||
Adjustments: | |||||||||||||||||||||||||||||||||||
Special (gains) and charges (3) | 0.12 | 0.21 | 0.33 | 0.07 | 0.40 | ||||||||||||||||||||||||||||||
Tax expense (benefits) (4) | (0.05 | ) | (0.04 | ) | (0.09 | ) | (0.04 | ) | (0.13 | ) | |||||||||||||||||||||||||
Adjusted diluted earnings | |||||||||||||||||||||||||||||||||||
per share (Non-GAAP) | $ | 0.60 | $ | 0.86 | $ | 1.47 | $ | 1.04 | $ | 2.50 | |||||||||||||||||||||||||
Per share amounts do not necessarily sum due to changes in shares outstanding and rounding. |
(1) Special (gains) and charges for 2012 include restructuring
charges of |
(2) First quarter 2012 tax expense includes various individually
insignificant items, which net to total discrete tax expense of |
(3) Special (gains) and charges for 2013 include restructuring
charges of |
(4) The first quarter 2013 discrete tax net benefit of |
or
Source:
News Provided by Acquire Media
Roman Blahoski
Director, Global Communications
Mesa Denny
Director, Global Communications
Phone: +1 651 250 4724 or by email
MEXICO
Alejandro González d’Hyver de las Deses
Communications Manager, Latin America
Phone: +52 (55) 5001 2935 or by email
BRAZIL
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Communications Manager, Brasil
Phone: +55 11 2134 2649 or by email
Valeria Prado
Communications Director, Latin America
Phone: +1 954 436 2668 or by email
Kate Askew
Director, Corporate Communications
Phone: +41 78 655 3005 or by email
For non-media related inquiries,
call +41 44 877 2000
Naazi Feizi
Communications Director, MEA Region Head
Phone: +971 4 8146961 or by email
For non-media related inquiries,
call +41 44 877 2000
Jacqui Daws
Communications Manager
Phone: +65 9295 1026 or by email
For non-media related inquiries,
call +86 21 6237 1000
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Corporate Communications Manager
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call +8621 6183 2500