Monsanto Company Raises FY 2012 EPS Guidance; Issues Q3 2012 EPS Guidance; Comments On FY 2013 EPS Guidance

Monsanto Company announced that the Company is raising fiscal 2012 earnings per share (EPS) guidance to the range of $3.65 to $3.70 on an ongoing basis and $3.73 to $3.78 on an as-reported basis. Reflecting the increased full-year expectation and strong performance through the key selling seasons, the Company projects third-quarter 2012, EPS of $1.57 to $1.62 on an ongoing basis and $1.69 to $1.74 on an as-reported basis. As-reported EPS also reflects a discrete tax adjustment related to the resolution of a legacy tax matter. The Company expects continued growth in fiscal 2013 after greater than 20% ongoing earnings growth achieved in 2011 and expected for 2012, with mid-teens ongoing earnings growth for fiscal year 2013 projected from the higher base of $3.65 to $3.70 announced today. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $3.56 for fiscal 2012.