Question-and-Answer Session
Operator
Certainly. [Operator Instructions].
William C. Hartman - Vice President of Investor Relations
Okay. The first name that's popped on the screen is David Raso. Good morning, David.
David Raso - Smith Barney Citigroup
Hi, good morning.
Alexander M. Cutler - Chairman, Chief Executive Officer and President
Hey David.
David Raso - Smith Barney Citigroup
A question on the guidance. Just trying to think of the moving parts here, the $0.06 operational results. Can you give us some feel for the net savings from Excel 07 that we have seen so far and how much more will be in the second half than first half? Because if there is going to be more in the second half and you believe Trucks may get better later in the year, you cite the Electrical end market might have better growth in the second half than first half, I am trying to understand why the operational results are up only $0.06 on the guidance.
Alexander M. Cutler - Chairman, Chief Executive Officer and President
Let me address the first part of your question David. Our view on Excel 07 is that it's consistent with the original guidance that we laid out. It's not a change from that. And so just slightly more in the second half than in the first half. I think as we cite the fact that we think the electrical markets will be slightly stronger in the second half than the first half, that generally is the pattern that you see seasonally in a year for our Electrical business. On the other side, you'll recall you see significantly weaker markets in the second half for our Automotive business because of the third quarter shutdown and we are continuing to see some weakness in the hydraulics business. So while we are hopeful that we'll see some improvement really driven by the ag business, but again, that's a fairly small segment of our overall hydraulics business. That business in the U.S. is remaining flatter than we had anticipated this year. So that's our best view at this point is that we think we could see roughly $0.03 in each of those quarters better than we had originally anticipated.
David Raso - Smith Barney Citigroup
And you've mentioned in the past '08 end markets up 5%. Just trying to think for '07 and '08, obviously, today the Truck margins were powerful. So if people are going to leave today, try and figure out how much of that Truck margin was very one-time in nature with the Excel 07 savings, obviously ready for the truck downturn that's obvious in '07. How do we extrapolate that Truck margin into '08? Are we still thinking end markets up 5% as you've said before? And of course the tax rate, if it's 15, 16 this year, how should we think about that going into '08?
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