David Rayburn Quotes
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Continue | Generating | Revenue | Growth | Offset |
While we were able to continue generating revenue growth, this was offset by ongoing weakness in the Electronics business and lower automotive build rates. Additionally, earnings were impacted by a strengthening in the U.S. dollar, employee benefit expenses, rising raw material costs and the impact of the cash repatriation from Europe.
- David Rayburn
Given the current outlook for industry volumes and cost challenges we are taking a more cautious position on our fiscal 2006 earnings. We now expect that earnings per share from continuing operations will be flat to slightly down compared with $1.79 from continuing operations reported in fiscal 2005.
- David Rayburn