VF revenues flies in Q4 2007, to pay dividend on March 20
06 Feb '08
3 min read
For the full year 2007, revenues increased 16% to $7,219.4 million from $6,215.8 million in 2006, with healthy growth across most of our businesses. Organic growth in 2007 was 10%, with 6% growth from acquisitions.
Income from continuing operations rose 15%, to $613.2 million from $535.1 million, while earnings per share from continuing operations increased 14% to $5.41 from $4.73. Reflecting the net effect of discontinued operations, net income was $591.6 million, equal to $5.22 per share.
"2007 marked our fifth consecutive year of record results, with revenues topping the $7 billion mark for the first time in our company's history. Our coalitions' performance, particularly given the economic difficulties faced in the last quarter of the year, is an extraordinary achievement," said Eric Wiseman, President and Chief Executive Officer.
"These results point clearly to the strength and diversity of our business model and give us confidence that we can continue the momentum and deliver another record year in 2008."
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