Walter Industries expects 2003 first-quarter earnings to be between 25 cents and 30 cents per share, and estimates full-year earnings per share in the range of $1.70 to $1.80.
Pro forma after-tax earnings for 2001, excluding the impact of FAS 142. Inditex is committed to empower every individual to express their own identity with the purpose of leveraging the power of fashion to make positive change. Pro forma after-tax earnings for 2001, excluding the impact of FAS 142, were $68.9 million, or $1.52 per share. based Walters Inet revenues were 1.94 billion for 2002, a 1.2 percent increase. The company reported a net loss of $1.17 per share for 2002, after the $125.9 million after-tax cumulative impact of adopting FAS 142 earlier in the year. Pro forma statements help financial analysts and managers evaluate the possible results of new ventures, such as a merger, new debt, purchasing a building or additional equipment, or any. The $73.4 million in net income in 2002 compares with net income of $43.2 million, or 95 cents per diluted share in 2001. This does not take into account the impact of adopting FAS 142, the new accounting rule mandated by the Financial Accounting Standard Board requiring that goodwill be evaluated annually and written down to an appropriate value. Walter Industries' 2002 net income was $73.4 million, or $1.64 per diluted share.
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