- Maintains EPS Outlook Excluding Discrete Tax Items -
LIONVILLE, Penn., Oct. 4 /PRNewswire-FirstCall/ -- West Pharmaceutical Services, Inc. (NYSE: WST) today provided an update to its full year 2007 guidance. The Company is maintaining its full year revenue guidance at $1 billion, and its earnings per share guidance at between $2.27 and $2.37 per diluted share excluding discrete tax items. The Company expects to recognize in the third quarter a net discrete tax charge of up to $0.06 per diluted share as a result of changes in its estimates of tax obligations not related to current year operating results, which amount would offset the $0.06 of discrete tax benefits recognized in the second quarter of 2007.
The Company is issuing this release in order to clarify the status of its annual guidance. The Company anticipates reporting its results for the three and nine-month periods ended September 30, 2007, and will provide any further updates and details relating to guidance in its quarterly earnings release and analyst call, on November 1, 2007.
About West Pharmaceutical Services, Inc.
West Pharmaceutical Services, Inc. is a global manufacturer of
components and systems for injectable drug delivery, including stoppers and
seals for vials, and closures and disposable components used in syringe, IV
and blood collection systems. The Company also provides products with
application to the personal care, food and beverage markets. Headquartered
in Lionville, Pennsylvania, West Pharmaceutical Services supports its
partners and customers from 50 locations throughout North America, South
America, Europe, Mexico, Japan, Asia and Australia. For more information,
visit West at
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