Tupperware Brands Corporation reported unaudited consolidated earnings results for the first quarter ended March 30, 2013. For the quarter, the company reported net sales of $662.9 million against $639.5 million a year ago. Operating income was $89.4 million against $86.1 million a year ago. Income before income taxes was $78.2 million against $77.3 million a year ago. Net income was $58.2 million or $1.06 per diluted share against $58.3 million or $1.02 per diluted share a year ago. Net cash provided by operating activities was $13.9 million against net cash used in operating activities of $24.8 million a year ago. Capital expenditures were $9.1 million against $18.8 million a year ago. For the second quarter of 2013, the company expects income before income taxes to be in the rage of $96.1 million to $99.7 million and net income (GAAP) to be in the range of $72.9 million to $75.6 million. Income tax effective rate expected to be in the range of 24% to 24%. Net income (adjusted) expected to be in the rage of $75.7 million to $78.4 million. The company expects net income (GAAP) per common share diluted to be in the range of $1.36 to $1.41 and net income (adjusted) per common share diluted to be in the range of $1.41 to $1.46. For the full year 2013, the company expects income before income taxes to be in the rage of $372.5 million to $383.1 million and net income (GAAP) to be in the range of $281.0 million to $288.9 million. Income tax effective rate expected to be in the range of 25% to 25%. Net income (adjusted) expected to be in the rage of $292.9 million to $300.8 million. The company expects net income (GAAP) per common share diluted to be in the range of $5.30 to $5.45 and net income (adjusted) per common share diluted to be in the range of $5.30 to $5.45. The company continues to include in this outlook a range for capital spending of $70 million to $80 million. Interest expense to be $39 million is not changed from what the company included in January. Previous full year outlook for cash flow by $5 million to $245 million to $255 million, in light of the inflow from the debt issuance that was not considered in previous outlook. This compares with $234 million actually achieved for full year 2012.

Tupperware Brands Corporation announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on Apr 24, 2013

Tupperware Brands Corporation, Q1 2013 Earnings Call, Apr 24, 2013