Full Year Fiscal 2025

Sales Outlook

• Reported and organic net sales are forecasted to range between a decrease of 1% to an increase of 2% versus the prior year.

Earnings per Share Outlook

• Reported diluted net earnings per common share are projected to be between $2.52 and $2.76. Excluding restructuring and other charges, diluted net earnings per common share are projected to be between $2.75 and $2.95.
  • 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 $99 million to $119 million, equal to $.19 to $.22 per diluted common share. Additional restructuring charges are anticipated as initiatives are approved throughout fiscal year 2025.
• Adjusted diluted net earnings per common share are expected to increase between 7% and 15% and range between $2.78 and $2.98 on a constant currency basis.
  • Currency exchange rates are volatile and difficult to predict. Using August 12, 2024 spot rates for fiscal 2025, the foreign currency translation equates to about $.03 of dilution to net earnings per common share.