Dilution from acquisitions and changes in pension plan assumptions

• Dilution is most pronounced in second quarter

  • 2Q 2005: 4-to-5 cents
  • 2H 2005: 2 cents (approx)

• Timing issues in shipping books in Texas

  • We anticipate some business will shift from 2Q 2005 to 3Q 2005

• Acquisitions will be cash positive by 2006

• 2006 EPS will be diluted by about 1-to-2 cents要irtually all dilution from amortization of intangibles

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