NAPERVILLE, Ill., Aug. 28, 2007 (PRIME NEWSWIRE) -- Nalco Holding Company (NYSE:NLC) reaffirmed its full-year guidance in advance of Investor Day presentations today at the Sugar Land, Texas headquarters of its Energy Services Division. A Webcast of the presentations will be available through the investor portion of the company's Web site at www.nalco.com beginning at 11 a.m. EDT.
"We remain committed to our 2007 targets of 5 percent organic sales growth, 10 percent Adjusted EBITDA improvement, 30 percent improvement in Free Cash Flow and a 50 percent increase in reported earnings per share," said Dr. William H. Joyce, Chairman and Chief Executive Officer.
Presentations will include: business and financial overviews, reviews of Nalco's three primary segments, focuses on Nalco's Asia/Pacific and European businesses, a progress report on developing Nalco's small-customer alternate channel model and an update on the company's productivity improvement initiatives. Presentations are expected to conclude at 5 p.m. EDT.
About Nalco
Nalco is the leading global provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications. The company currently serves more than 70,000 customer locations representing a broad range of end markets. It has established a global presence with more than 11,000 employees operating in 130 countries, supported by a comprehensive network of manufacturing facilities, sales offices and research centers. In 2006, Nalco achieved sales of more than $3.6 billion. For more information visit www.nalco.com.
The Nalco Company logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1135.
Several non-GAAP measures are mentioned in today's press release. Management believes that these measures provide investors with additional insight into the ongoing operations of Nalco Holding Company. Non-GAAP measures are reconciled to the closest GAAP measure in schedules attached to our latest sales and earnings press release, which may be found at www.nalco.com. Adjusted EBITDA is a non-GAAP measure used to determine compliance with the Company's debt covenants. Free Cash Flow is defined as Cash from Operations less Capital Expenditures and Minority Interest charges. In addition, Nalco discusses sales growth in organic terms (actual less foreign currency and acquisition/divestiture/merger/joint venture impacts). The non-GAAP measures should not be viewed as alternatives to GAAP measures of performance. Furthermore, these measures may not be consistent with similar measures provided by other companies.
This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ability to execute price increases, business climate, business performance, economic and competitive uncertainties, higher manufacturing costs, reduced level of customer orders, changes in strategies, risks in developing new products and technologies, environmental and safety regulations and clean-up costs, foreign exchange rates, the impact of changes in the regulation or value of pension fund assets and liabilities, changes in generally accepted accounting principles, adverse legal and regulatory developments, including increases in the number or financial exposures of claims, lawsuits, settlements or judgments, or the inability to eliminate or reduce such financial exposures by collecting indemnity payments from insurers, the impact of increased accruals and reserves for such exposures, weather-related factors, and adverse changes in economic and political climates around the world, including terrorism and international hostilities, and other risk factors identified by the Company. Accordingly, there can be no assurance that the Company will meet future results, performance or achievements expressed or implied by such forward-looking statements. This paragraph is included to provide safe harbor for forward-looking statements, which are not generally required to be publicly revised as circumstances change, and which the Company does not intend to update.