Guidance Methode has raised its full-year Fiscal 2014 sales guidance to a range of $720 to $750 million and earnings per share guidance to a range of $1.70 to $1.90. This replaces the Company's previous sales guidance of $670 to $700 million and earnings per share guidance of $1.40 to $1.60. The guidance ranges for Fiscal 2014 are based upon management's current expectations regarding a variety of factors and involve a number of risks and uncertainties, including the following significant factors and assumptions considered by management in preparing this guidance:
the launch of significant awards previously announced and the corresponding sales volumes and timing thereof for certain makes and models of automobiles, trucks and SUVs for Fiscal 2014; the uncertainty of the European economy; foreign exchange gains or losses; an effective tax rate below ten percent, and no significant changes in tax valuation allowances; compensation expense related to tandem cash awards; and no unusual or one-time items.
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