* How do firms arrive at pro forma
* Net sales of $5.7 billion increased 25 percent from pro forma
net sales of $4.6 billion in the year-ago period, driven by sales recovered from weather-related delays to the Northern Hemisphere planting season, local price gains and double-digit growth in insecticides.
Following is additional detail on second quarter 2019 pro forma
results for each segment.
The Unaudited Pro Forma
Financial Information reflects adjustments to historical financial information to give pro forma
effect to events that are directly attributable to the Merger and which are factually supportable.
This study extends the rounding phenomenon literature to pro forma
Most Pro Formas
are created by a CFO and tweaked by the senior management team.
Turning to the parent company, pro forma
income from continuing operations soared 19.2%, or 17.8% at constant exchange rates, to 378 million euros (approximately $416 million).
Further, such judgments become especially problematic when companies are filing IPOs, given that IPO prospectus filings contain pro forma
earnings to evaluate their potential investments.
The pro forma
financial information was compiled based on the accounting policies of FGB being the accounting acquirer.
For the year pro forma
, income was up 8.4% to $355M and EBITDA was up 3.5% to $98.1M.
Instead of talking about how to make basic budgets, we now turn our attention to how you can use them to create a set of Pro Forma
Sartorius AG's 2007 pro forma
sales rose 3.3%, 5.9% on a currency-adjusted basis, to 622.7 million [euro] ($853.0 million) (see IBO 2/29/08).