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Blyth (BTH) Boosts FY12 EPS Outlook; Sees Higher Earnings for ViSalus

August 3, 2012 8:08 AM EDT
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Price: $5.99 --0%

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Net sales: 87.99M

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Blyth, Inc. (NYSE: BTH), commented on its outlook for the year ending December 31, 2012. Normalized earnings per share is expected to be $3.00 - $3.15 for the year ending December 31, 2012 compared to prior guidance of normalized earnings per share of $2.75 - $2.88. This increase is due to growth at ViSalus™. Prior guidance has been revised to reflect the Company's two-for-one stock split effective June 15, 2012.

Reported earnings per share is anticipated to be in the range of $2.47 to $2.62 and includes charges of $0.43 for the ViSalus equity incentive plan and $0.10 for restructuring related to PartyLite's North American operations. Prior reported earnings per share guidance of $2.45 - $2.58 included charges of $0.18 for the ViSalus equity incentive plan and $0.12 for restructuring related to PartyLite's North American operations. The increase in the ViSalus equity incentive plan charge in the updated guidance relates to higher earnings projected for ViSalus.

Cash flow from operations for 2012 is expected to be approximately $85 million versus prior guidance of $80 million and capital spending is anticipated to be approximately $20 million.


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