In 2008, the company expects adjusted earnings for the full year will be at the low end of the previous guidance of $3.15–$3.25 per diluted share. In 2009, it expects earnings of $1.35 to $1.60 per diluted share before special items.
The company gave an overview of some of its other financial expectations for 2009. These include capital expenditures of approximately $120 million; depreciation and amortisation of approximately $135 million; debt reduction of $1 billion post-funding of Enodis (its new foodservice acquisition); an anticipated tax rate in the mid-20% range.
The company will discuss the forecasts in more detail at a meeting in Florida, today, 8 January.
