Wolverine World Wide Inc. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported revenue of $406,466,000 against $385,025,000 for the same period of last year. Operating profit was $30,943,000 against $31,166,000 for the same period of last year. Earnings before income taxes were $30,418,000 against $32,207,000 for the same period of last year. Net earnings were $23,011,000 against $25,647,000 for the same period of last year. Diluted earnings per share were $0.47 against $0.52 for the same period of last year. For the year, the company reported revenue of $1,409,068,000 against $1,248,517,000 for the same period of last year. Operating profit was $170,218,000 against $142,247,000 for the same period of last year. Earnings before income taxes were $168,910,000 against $143,226,000 for the same period of last year. Net earnings were $123,287,000 against $104,470,000 for the same period of last year. Diluted earnings per share were $2.48 against $2.11 for the same period of last year. Net cash provided by operating activities was $78,814,000 against $67,866,000 for the same period of last year. Additions to property, plant and equipment was $19,397,000 against $16,370,000 for the same period of last year. Revenue rose 12.9% for the year, driven by double-digit growth from each of the company's branded operating groups: the outdoor group, Lifestyle Group and Heritage Group. EBITDA was $185 million. For the year 2012, the company expects revenue to be in the range of $1.485 billion to $1.525 billion, representing growth of 5.4% to 8.2% versus the prior year; moderate gross margin expansion; full-year effective tax rate of approximately 28%; fully diluted earnings per share expected to be in the range of $2.60 to $2.70, representing growth of approximately 4.8% to 8.9% versus the prior year. Adjusted for the estimated incremental non-cash pension expense, earnings per share are expected to grow in the range of 10.9% to 14.9% to $2.75 to $2.85. Capital expenditures including those related to kicking off the distribution expansion initiative will be in a range of $25 million to $30 million, and depreciation and amortization will be approximately $20 million.