Chattem Announces Preliminary Results for 2002 Second Quarter to Exceed Earlier Earnings Guidance.Business Editors CHATTANOOGA, Tenn.--(BUSINESS WIRE)--June 11, 2002 Chattem, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CHTT), a leading marketer and manufacturer of branded consumer products, announced today that, based upon preliminary results, it currently expects earnings per share for its fiscal second quarter ended May 31, 2002 will exceed the Company's earlier guidance of $.48-.50. The Company now expects its fiscal second quarter earnings per share to be in a range of $.56-.58. Chattem will release its complete fiscal second quarter 2002 financial results after the market closes on Monday, June 17, 2002. Chattem, Inc. is a leading marketer and manufacturer of branded consumer products including health, beauty and skin care products. The Company's products target niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. segments and are among the U.S. market leaders in their respective categories across food, drug and mass merchandisers. Chattem conducts a portion of its global business through subsidiaries in the United Kingdom and Canada. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which contains a safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements. The Company relies on this safe harbor in making such disclosures. |
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