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ElkCorp Reduces Outlook for its Fourth Quarter and Fiscal Year 2005; Expects Record Earnings per Diluted Share for Fiscal 2005; Favorable Roofing Market Expected to Continue; Expects Double Digit Earnings Growth for Fiscal 2006.
DALLAS -- ElkCorp, (NYSE:ELK), announced today its revised outlook for its fourth quarter and fiscal year ending June 30, 2005. The company expects earnings per diluted share from continuing operations for the fourth quarter to be in the range of $0.31 to $0.33, and for fiscal 2005 to be in the range of $2.09 to $2.11, down approximately $0.37 per diluted share from the most recent guidance of $2.46 to $2.49 per diluted share. The projected earnings per diluted share from continuing operations for fiscal year 2005 are approximately a 40% improveme...
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