News Releases
The closing followed the Federal Trade Commission’s (“FTC”) approval of
the acquisition and was finalized pursuant to the terms of the purchase
agreement announced on
About
The Company markets and distributes brand name over-the-counter and
household cleaning products throughout the U.S.,
Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the
meaning of the federal securities laws that are intended to qualify for
the Safe Harbor from liability established by the Private Securities
Litigation Reform Act of 1995. "Forward-looking statements" generally
can be identified by the use of forward-looking terminology such as
"project," "will," "expect," "goal," "positioned," or "continue" (or the
negative or other derivatives of each of these terms) or similar
terminology. The "forward-looking statements" include, without
limitation, statements regarding the acquisition’s expected impact on
earnings per share and free cash flow per share for fiscal 2015 and the
Company’s expectations that the acquisition will be immediately
accretive to earnings per share and cash flow, exclusive of transaction,
integration and purchase accounting items. These statements are based on
management's estimates and assumptions with respect to future events and
financial performance and are believed to be reasonable, though are
inherently uncertain and difficult to predict. Actual results could
differ materially from those in the forward-looking statements as a
result of a variety of factors, including the impact of foreign
exchange, general economic and business conditions, our ability to
successfully integrate the Insight brands into our business, competitive
pressures, unexpected costs, liabilities and disruptions resulting from
the integration, or adverse changes in the laws or regulations where
Insight products are sold. A discussion of other factors that could
cause results to vary is included in the Company's Annual Report on Form
10-K for the year ended
Non-GAAP Pro Forma Projected Full Fiscal Year 2015 Financial Measures
Pro forma adjusted EBITDA is a non-GAAP financial measure and is arrived
at by taking pro forma net income of
Source:
Prestige Brands Holdings, Inc.
Dean Siegal, 914-524-6819