Anticipating 10-to-12 cents dilution in 2005
Impact of 2004 acquisitions on EPS
- FY 2004 EPS: $0.02 dilution
- FY 2005 EPS: $0.05-0.06 dilution
Changes in 2005 pension plan assumptions will create dilution of 5-to-6 cents in 2005
- Lowered discount rate to 5.75% in 2005 from 6.25% in 2004
- Reduced expected return on plan assets to 8.00% in 2005 from 8.75% in 2004