Reported diluted net earnings per common share are projected to be between 2c-19c. The combined impact from the increases in the Company’s effective tax rate and net interest expense is expected to dilute net earnings per common share by 5c. The Company expects to take charges associated with previously approved restructuring and other activities. For the Restructuring Program component of the Profit Recovery and Growth Plan, the charges are estimated to be between approximately $72M-$82M, equal to 15c-18c per diluted common share. Additional restructuring charges are anticipated as initiatives are approved throughout fiscal year 2025.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter