EYE » Topics » Revised Financial Guidance

This excerpt taken from the EYE 8-K filed Jan 10, 2007.

Revised Financial Guidance

AMO expects the transaction to be dilutive to 2007 adjusted earnings per share (EPS) and slightly accretive to 2008 adjusted EPS. As a result of this transaction, AMO expects amortization to increase by approximately $30 million on an annualized basis, which would bring the company’s total annual amortization to approximately $70 million or about $0.70 per share on an after-tax basis. For more information, see the “Use of Non-GAAP Measures” section later in this release.  Assuming successful close of the transaction early in the second quarter of 2007, AMO’s financial guidance is as follows:

 

2007

 

2008

 

 

 

Previous

 

With Acquisition

 

 

 

 

 

 

 

 

 

 

 

Revenue (in millions)

 

$1,060 - $1,080

 

$1,150 - $1,175

 

$1,350 - $1,370

 

 

 

 

 

 

 

 

 

Adjusted EPS

 

$1.85 - $2.00

 

$1.40 - $1.55

 

$2.25 - $2.40

 

 

UBS Investment Bank is acting as lead financial advisor and Goldman Sachs is acting as co-financial advisor to AMO.  UBS Investment Bank is acting as lead arranger of a $900 million acquisition facility for AMO.  Bank of America and Goldman Sachs are acting as joint-arrangers of the acquisition facility.  Bank of America is acting as lead financial advisor and JPMorgan is acting as co-financial advisor to IntraLase.  Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to AMO.  Stradling Yocca Carlson & Rauth is acting as legal advisor to IntraLase.

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