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Outlook for MHP in 2007
•Still
expect to produce double-digit EPS growth in 2007 with improved operating margins in Education and Financial Services
–Guidance excludes:
•$0.04 charge for elimination of restoration stock option
program in 1Q 2006
•$0.06 charge for restructuring in second half of
2006
•$0.03 gain from divestiture of mutual fund data business
at Financial Services in
1Q 2007
•On a
GAAP basis, inclusive of these items, the 2007 earnings growth would be even stronger
–Management believes the non-GAAP financial measures provide more useful information to investors due to the unusual nature of the excluded items