Nicor Inc. Announces Sale of EN Engineering Joint Venture

Nicor Inc. announced the sale of its EN Engineering joint venture, which was not considered in its February 2009 earnings guidance. The transaction is expected to have a positive earnings impact of approximately $4 million for 2009, net of the loss of estimated earnings for the remainder of the year.

“Finally, our outlook did not consider the after-tax gain in 2009 from the sale (announced this week) of EN Engineering. We currently estimate that the gain on the transaction, net of the loss of estimated earnings for the remainder of the year from this joint venture, will have a positive earnings impact for Nicor Inc. of approximately $4 million for 2009.”

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