|
Quotes & Info
|
| MHP > SEC Filings for MHP > Form 8-K on 28-Jul-2009 | All Recent SEC Filings |
28-Jul-2009
Regulation FD Disclosure
On July 28, 2009 Registrant issued an earnings release (the "Earnings Release") containing a discussion of Registrant's results of operations and financial condition for the second quarter ending June 30, 2009.
The Earnings Release contains financial results presented in accordance with U.S. generally accepted accounting principles that the Registrant reported second quarter 2009 earnings per diluted share of $0.52.
The Earnings Release contains two statements on the Registrant's financial results that would not be presented in a GAAP statement of earnings to the effect that:
· The Outlook: "In view of weakening market conditions in advertising and school education, we now expect revenue to decline 5.5% to 6.5% in 2009. Previously, we had anticipated a decrease of 4.0% to 5.0%. We are also refining our guidance for earnings per diluted share. Previously, the range was $2.20 to $2.30. With continued tight cost controls, the new forecast is $2.20 to $2.25, excluding the second quarter restructuring charge and the divestiture of Vista Research, although it appears we will come in at the low end of the range."
· Exhibit 3: Exhibit 3 presents adjusted operating results by segment, excluding the impact of the 2009 and 2008 restructuring charges and the 2009 loss on the sale of Vista Research, Inc.
The Registrant believes that the disclosure of this data provides useful supplemental information for meaningful comparisons of the Company's results.
Item 9.01. Exhibits.
(99) Earnings Release of the Registrant, dated July 28, 2009, containing a discussion of Registrant's results of operations and financial condition for the second quarter ending June 30, 2009.
|
|