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October 10, 2001
By: TOM BRANNA
Editor
The Dial Corporation today announced it expects third quarter earnings per share from continuing operations, before special charges, to be approximately $0.26 per share, which exceeds the current range of analyst estimates of $0.19 to $0.21 as reported by First Call and is stronger than the prior guidance that the company provided in August. Better than anticipated results are due to strong sales and improvements in gross margin. The company further said these positive trends will continue in the fourth quarter.The company previously announced that it expects to incur special charges in the third quarter of 2001 of approximately $200 million after tax in connection with the sale of its specialty personal care (SPC) business and approximately $10 million pre tax in connection with plant consolidations in the U.S. and Argentina. In addition to these charges, the company will incur a special charge in the third quarter in connection with the closure of its Mexico City manufacturing plant. The company now estimates that special charges in the third quarter will total approximately $210 million after tax.
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