Financial Highlights for the Full Year 2012 :
- Income from continuing operations was $398.2 million, or $2.48 per diluted share, versus $0.85 per diluted share in 2011.
- Excluding charges and gains, diluted EPS from continuing operations was $2.40, up 13% from $2.12 in 2011.
- Reported net sales were a record $2.5 billion (excluding excise taxes), up 7%.
- On a comparable basis, which adjusts for foreign exchange and acquisitions/divestitures, net sales were up 6%.
- Comparable net sales by segment: North America +7%; Europe/Middle East/Africa (EMEA) +5%; Asia Pacific/South America (APSA) +5%.
- Operating income was $575.9 million, up 46%.
- Operating income before charges/gains was $631.9 million, up 10%.
- The company generated free cash flow of $336.8 million and an earnings-to-free-cash conversion rate of 87%.
- Return on invested capital before charges/gains (rolling 12 months) was 7% and was 23% excluding intangibles.
- The company’s net-debt-to-EBITDA ratio was 2.8 times at year end.
- Income from continuing operations was $126.8 million, or $0.79 per diluted share, versus $0.58 in the year-ago quarter.
- Excluding charges and gains, diluted EPS from continuing operations was $0.67, down 3% from $0.69.
- Reported net sales were $709.1 million (excluding excise taxes), up 11%.
- On a comparable basis, which adjusts for foreign exchange and acquisitions/divestitures, net sales were up 5%.
- Comparable net sales by segment: North America +8%; Europe/Middle East/Africa (EMEA) +4%; Asia Pacific/South America (APSA) -2%.
- Results in North America benefited from the timing of sales in Mexico, while lower results in India adversely impacted sales in APSA.
- Operating income was $156.7 million, up 15%.
- Operating income before charges/gains was $177.3 million, up 3%.
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