Updated from 8:38 a.m. EST
Tuesday offered in-line 2005 guidance, as it continues to work through a tough restructuring in the face of higher commodity prices.
The Iowa-based company said it expects to earn about $1.50 to $1.60 a share, including some 5 cents a share in restructuring and other charges. The consensus estimate is for $1.59 a share, according to Thomson First Call.
" "We completed many milestones in 2004 -- including a successful systems conversion, a plant closing and good progress in cost reduction and, in the third quarter, saw positive sequential improvement in our financial performance," the company said in a statement.
Maytag said 2004 had been a challenging year, citing "rapid increases in steel and energy-related costs."
The company made the forecast ahead of its 2004 analyst conference on Nov. 19, 2004.
Maytag last month reported a third-quarter profit of $7.5 million ,or 9 cents a share, compared with $36.6 million, or 46 cents a share, in the year-ago period. The quarter included a restructuring charge of $7.2 million. Restructuring and other charges totaled 16 cents a share. Excluding items, Maytag earned 15 cents a share. Analysts expected 18 cents a share.
Shares closed at $18.53 Monday.