EX-99.4 5 a2052289zex-99_4.htm REGISTRANT FISCAL YEAR 2002 Prepared by MERRILL CORPORATION
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Exhibit 99.4


Tab Products Co.
Fiscal First Quarter and Fiscal Year 2002 Projections
($ in millions except per share amounts)

 
  First Quarter FY2002
  Better than Fourth
Quarter FY2001

  Better/(Worse)
than First Quarter
FY2001

Revenue   $29.0   $(0.2)   $(1.2)
Operating income (loss)   $(1.3)-$(1.5)   $6.4-$6.2   $3.2-$3.0
Net income (loss)   $(0.9)-$(1.1)   $4.1-$3.9   $2.0-$1.8
Net income (loss) per diluted share   $(0.17)-$(0.20)   $0.78-$0.75   $0.43-$0.40
 
  Fiscal Year 2002
  Better than FY2001
Revenue   $ 124.0   $ 5.5
Operating income   $ -0-   $ 19.4
Net income   $ -0-   $ 12.1
Net income per diluted share   $ 0.00   $ 2.34


Principal Elements of FY2002 Turn-Around
($ in millions)

 
  Estimated
Operating Income Improvement

Gross margin improvement and expense reductions   $ 7.9
Revenue growth   $ 2.5
FY2001 One-time charges not repeated in FY2002   $ 9.0
   
    $ 19.4
   

FY2002 First Quarter and Full Year FY2002 Projections show substantial improvement leading to a pre-tax operating break-even for the full year with growing profit momentum in the third and fourth quarters.

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Tab Products Co. Fiscal First Quarter and Fiscal Year 2002 Projections ($ in millions except per share amounts)
Principal Elements of FY2002 Turn-Around ($ in millions)