Navigation Links
P&G Reports $0.98 EPS, Up 17%, on 9% Sales Growth; Announces Plan to Create Stand-Alone Coffee Company
Date:1/31/2008

g cash flow was up 69 percent to $4.1 billion behind higher

earnings and a significant improvement in working capital versus the

year-ago period. Free cash flow was 107% of earnings, well-ahead of

the company's 90% annual target.

Coffee Announcement

P&G announced plans to separate its coffee business and create an independent company named The Folgers Coffee Company. The coffee business had sales of approximately $1.6 billion and operating income of about $350 million in fiscal 2007. The new company will employ approximately 1,250 employees at four sites in the U.S., and will be headquartered in Cincinnati, Ohio.

P&G stated its goals in this transaction are to maximize the after-tax value of the coffee business for P&G shareholders and to minimize earnings per share dilution. In addition, P&G said this decision will enable the company to better focus its resources on faster growing categories and, as a result, enhance P&G's ability to consistently deliver its annual financial goals as the expected growth rate of the coffee business is below P&G's target range.

P&G believes the transaction will be good for the coffee business as the business will get greater priority and attention as a standalone company. Folgers is the leading retail coffee brand in North America, has attractive operating profit margins and is a strong cash generator.

In anticipation of the transaction, P&G has named Mr. Jamie Egasti to serve as Chief Executive Officer of The Folgers Coffee Company. Mr. Egasti currently serves P&G as President, Coffee and Global Snacks.

Although no decision has been made on the form of the separation, P&G expects to do a spin-off or split-off transaction. P&G's current preference is to do a split-off transaction which is expected to be tax-free for shareholders and result in lower annual earnings dilution than could be achieved with a spin-off. In a split-off, P&G shareholders would be given the op
'/>"/>

SOURCE The Procter & Gamble Company
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

Related medicine news :

1. Nutraceutical Reports Fiscal 2008 Q1 Results
2. Matrixx Initiatives, Inc. Reports Fiscal 3rd Quarter Net Sales of $30.8 Million and Net Loss of ($0.07) Per Share
3. Accuray Reports Continued Growth in Second Quarter of Fiscal 2008
4. Cardinal Health Reports Second Quarter Results, Revises EPS Outlook
5. Encision Reports Third Fiscal Quarter Results
6. Zimmer Reports Fourth Quarter and 2007 Financial Results
7. Amylin Pharmaceuticals Reports 2007 Financial Results
8. Cystic Fibrosis Foundation reports upward trend for key health outcomes
9. NBTY Reports First Quarter Results
10. Moog Reports 14% Increase in Earnings Per Share
11. Kensey Nash Reports Second Quarter EPS of $0.21 and Revenue of $19.6 Million
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/4/2015)... ... September 04, 2015 , ... ... separate “Partner of the Year” awards at this year’s Microsoft Worldwide Partner Conference ... 2015 “Partner of the Year” Award Winner for Data Platform services, the 2015 ...
(Date:9/4/2015)... ... ... looking for a quick and convenient way to produce a hot remedy for colds. The ... quick and simple way to brew a hot cup of cold remedy when desired. In ... enhance comfort and health. The invention features a novel design that is lightweight, compact and ...
(Date:9/4/2015)... ... September 04, 2015 , ... ECC announces the ... created specifically for adults with intellectual, developmental and acquired disabilities. The first community, ... 30 cottage or “pocket” homes. In this community, adults will live safely and ...
(Date:9/4/2015)... (PRWEB) , ... September 04, 2015 , ... ... products, has a Labor Day offer that cannot be passed up. FiltersFast.com, ... up on necessary air and water filtration product replacements. Take advantage of this ...
(Date:9/3/2015)... ... September 03, 2015 , ... Allied Anesthesia is proud to announce a continuing ... not the exception. , St. Jude was recently named one of the nation’s top ... it one of only 10 hospitals in the state to earn the distinction. ...
Breaking Medicine News(10 mins):Health News:Scalability Experts is Awarded Three Separate 2015 “Partner of the Year” Awards at Microsoft’s Worldwide Partner Conference 2Health News:Scalability Experts is Awarded Three Separate 2015 “Partner of the Year” Awards at Microsoft’s Worldwide Partner Conference 3Health News:Scalability Experts is Awarded Three Separate 2015 “Partner of the Year” Awards at Microsoft’s Worldwide Partner Conference 4Health News:Redesigned Packaging for Powdered Medicinal Mix Invented by InventHelp® Client (CBA-2637) 2Health News:Cottage Home Communities for Disabled Adults to Create First Viable Permanent Housing Option 2Health News:Cottage Home Communities for Disabled Adults to Create First Viable Permanent Housing Option 3Health News:Cottage Home Communities for Disabled Adults to Create First Viable Permanent Housing Option 4Health News:FiltersFast.com Wows with a Long Labor Day Weekend Shipping Offer 2Health News:Allied Anesthesia Physicians Announce Partnership with St. Jude 2Health News:Allied Anesthesia Physicians Announce Partnership with St. Jude 3
... the Harrisburg Area Dental Society Team Up With Dauphin ... a Healthy Community CAMP HILL, Pa., April 24 The Dauphin ... free health and vision screenings and dental care on Saturday, May ... to participate in this day-long community event which is open to ...
... CropScience is pleased to welcome Doug Jones to the ... Institute site. In this role, Jones will lead the ... be the primary liaison with neighboring and county emergency ... )"The safety of our employees, neighbors ...
... Hutchinson Cancer Research Center today announced the winners of ... to moviemakers nationwide to help shine a spotlight on ... featuring a stirring survivorship story, a probing puppet and ... characters - were selected from a pool of more ...
... 18 and 24 are smokers, and most say they keep lighting ... University have found that when it comes to quitting, a little ... exercise plan in helping women not only keep off the weight, ... smoking to keep their weight down and for body image reasons, ...
... will recognize World Meningitis Day (WMD) by enjoining Angels from ... memory of Ryan Milley, the only child of Bob and ... families in the U.S. and some 30+ abroad. Frankie Milley ... hard as a children,s health and immunization advocate. Milley, ...
... and elephantjournal columnist Brigitte Mars weighs in on ... measure doing more harm than good? Should we ... Waylon Lewis, editor-in-chief at eco, spiritual, irreverent ... Huffington Post ( http://www.huffingtonpost.com/waylon-lewis/what-do-newmans-own-endan_b_188001.html ...
Cached Medicine News:Health News:Free Health, Dental and Vision Screenings at Hamilton Health Center on May 2 Will Help Harrisburg Area Children and Adults 2Health News:Free Health, Dental and Vision Screenings at Hamilton Health Center on May 2 Will Help Harrisburg Area Children and Adults 3Health News:Free Health, Dental and Vision Screenings at Hamilton Health Center on May 2 Will Help Harrisburg Area Children and Adults 4Health News:Bayer CropScience Welcomes New Emergency Services Leader to the Institute Site 2Health News:It's A Wrap: 'Get Screened' Video Contest Winners Announced 2Health News:It's A Wrap: 'Get Screened' Video Contest Winners Announced 3Health News:Mind over muscle 2Health News:World Meningitis Day in Texas 2Health News:elephantjournal.com: Is Fluoridating Waters Giving Kids Cavities? 2
(Date:9/4/2015)... Sept. 4, 2015  IGI Laboratories, Inc. (NYSE MKT: ... specialty generic pharmaceutical company, today announced it has submitted ... U.S. Food and Drug Administration (FDA) of 2015, which ... pending at the FDA to twenty-nine. ... commented, "We believe our current pipeline of twenty-nine submissions, ...
(Date:9/4/2015)... , Sep. 04, 2015 ... the addition of the "Stability Testing of Pharmaceuticals ... their offering. By attending this comprehensive two ... to design efficient stability studies that are suitable for ... appropriate stability studies and manage stability samples and facilities ...
(Date:9/3/2015)... MUMBAI, India , Sept. 3, 2015  Cipla, ... to meet the everyday needs of all patients, today ... into definitive agreements to acquire two US-based companies, InvaGen ... subject to certain closing conditions, is valued at $550 ... combined revenue from these transactions is over $200 million ...
Breaking Medicine Technology:IGI Laboratories, Inc. Announces Seventh ANDA Submission Of 2015 2Stability Testing of Pharmaceuticals: 2 Day Seminar - London, UK - December 2-3, 2015 2Cipla to acquire 100% of generic businesses in US for $550M 2Cipla to acquire 100% of generic businesses in US for $550M 3Cipla to acquire 100% of generic businesses in US for $550M 4Cipla to acquire 100% of generic businesses in US for $550M 5
... announces that a new market research report is available ... Discoveries: what the future holds ... Original analysis of the clinical potential and commercial prospects ... current market context Original analysis of the ...
... 2011 Reportlinker.com announces that a new market ... Levosimendan - Comprehensive patent search ... Eliminate unnecessary risk with the industry benchmark in ... a regularly updated, professional patent search performed by ...
Cached Medicine Technology:Reportlinker Adds Gastric Cancer Drug Discoveries: what the future holds 2Reportlinker Adds Gastric Cancer Drug Discoveries: what the future holds 3Reportlinker Adds Gastric Cancer Drug Discoveries: what the future holds 4Reportlinker Adds Gastric Cancer Drug Discoveries: what the future holds 5Reportlinker Adds Levosimendan - Comprehensive patent search 2Reportlinker Adds Levosimendan - Comprehensive patent search 3Reportlinker Adds Levosimendan - Comprehensive patent search 4
... Pipettor is the #1 Pipettor for ... comfort, and reliability. Continuously adjustable. Features ... sub-micrometer. Easy interchangeable ejector buttons to ... Adjustable rapid pipet tip ejector with ...
... The new Finnpipette Focus from Thermo Labsystems ... uncompromising performance. Advanced features such as ... fine volume adjustment on microvolumes help to ... single channel pipettes. The new interchangeable handle ...
This CLS number is a new product number, created to easily match Cornings product number. If showing no availability yet, please order under the old Sigma-Aldrich number (Z71,408-9) or contact custom...
This adjustable-volume digital micropipet is used to accurately measure and transfer small solution volumes in the 0.5-10 microliter range....
Medicine Products: