Newspaper article The Florida Times Union

Morning Briefs

Newspaper article The Florida Times Union

Morning Briefs

Article excerpt

STORMS, VACCINES, TAXES

WILL AFFECT PSS EARNINGS

PSS World Medical Inc. said three events will affect earnings for the fiscal year ending in March 2005, but the net impact of the events does not affect its earnings forecast of 51 cents to 55 cents per diluted share for the year.

The medical supply said possible disruptions in the supply of flu vaccines could impact its plan to distribute 6 million doses to its customers. If PSS does not receive any of the 6 million doses, it would reduce revenue by about $44 million and earnings by 4 cents per share.

Secondly, PSS said the impact of recent hurricanes from revenue loss and disaster preparations will be about 3 cents per share.

Lastly, PSS said it reached a tentative settlement with the Internal Revenue Service over the divestiture of its European business. That settlement will result in a one-time income tax reduction that will increase fiscal 2005 earnings by about 7 cents per share.

AIRPORT AUTHORITY PICKS

NEW SPOKESMAN, LOBBYIST

The Jacksonville Airport Authority announced Wednesday that it has named Michael Stewart to fill its new job of director of external affairs. Stewart, who will oversee city, state and federal government relations and coordinate authority communications, starts Nov. 1. His salary will be $108,000.

Stewart has served as BellSouth's regional manager of corporate and external affairs since 1992. He was chosen over Brad Thoburn, Mayor John Peyton's director of state and federal affairs, because "his experience was really broad," said Maribel Hernandez, the authority's chief administrative officer, who made the final decision.

At BellSouth, Stewart reports to Jim McCollum, a member of the authority's board of directors. Hernandez said the relationship had no bearing on the hiring decision. …

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