More on Exelis' Q2

Net income for Q2 of $61M ($0.32 per share) decreased 22% Y/Y from $78M ($0.41 per share) in second quarter of 2013.

Segment revenue: C4ISR Electronics and Systems +1%; Information and Technical Services -19%.

Free cash flow of $174M.

The company returned $49M to shareholders via dividends and share buybacks.

Updated FY 2014 guidance: Sales $4.45B; Adjusted operating margin 10.5%; Adjusted EPS $1.44-$1.50; Free Cash Flow $200M.

Q2 results

This was corrected on 08/01/2014 at 11:18 AM.
Comments (2)
  • PalmDesertRat
    , contributor
    Comments (3839) | Send Message
    Total revenue down, operating income down, net income down, eps down, diluted share count up.


    Where is Jana Partners when we need them?
    1 Aug 2014, 09:05 AM Reply Like
  • 4 Iron
    , contributor
    Comments (106) | Send Message
    The spin is probably what Jana Partners would recommend.
    2 Aug 2014, 09:00 AM Reply Like
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