Company on track with analysts' projections of earnings Increased focus on growth
TORONTO and STAMFORD, Conn.--March 19, 2002-- Robert G. Burton, President and Chief Executive Officer of Moore Corporation Limited today affirmed that he is comfortable with current analysts' expectations of $0.09 earnings per share for the first quarter ending March 31, 2002.
Robert G. Burton, President and Chief Executive Officer stated: "Our company has made significant progress in a very challenging economic environment. We continue to yield the results we have committed to because of our unwavering focus on growing quality revenue and continuing to reduce our costs and improve productivity. We remain focused on all fronts as we continue our drive to improve Moore for our customers, employees and investors. I will reserve detailed comments on our earnings until our release of first quarter results in April 2002.''
Mr. Burton concluded:
"Suffice it to say the company continues to execute the turnaround plan we began this time last year when our team arrived at Moore. As certain aspects of the turnaround are completed, we are increasing our focus on the growth of Moore. I personally feel very confident with our full year earnings per share guidance of $0.45.''
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