2013 OutlookAdjusted earnings per share for 2013 are expected to be in the range of $0.25 to $0.30 per diluted share. The expected increase in earnings compared with 2012 will be driven primarily by initiatives now underway that are expected to generate $25 million to $30 million of cost savings in 2013 and the exit from the solar pastes business. The expected improvements in the Company’s cost structure will be partially offset by inflation and the normalization of incentive compensation. Based on current market conditions, including persistent weakness in European macroeconomic conditions, coupled with the expected timing associated with the cost savings programs, the Company expects the first quarter of 2013 will be the lowest earnings quarter of the year, in the range of $0.02 to $0.05 per share.
Ferro Reports 2012 Fourth Quarter And Full-Year Results
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