Guides Q1 underlying sales down 10%, excluding foreign exchange - conf call slides
- industrial units are experiencing recession
- Orders expected at -10 to-12% pace
- Cost structure alignment and strategic portfolio repositioning will remain a key focus for fiscal 2016
- Restructuring expenses expected to be $50 to $70M in 2016, with most in the 1st half
- Estimated expenses of approximately $300 to $400M related to spinoff of Network Power and potential divestitures of the Motors and Drives and Power Generation businesses