Exelis Reports Solid Second-Quarter 2012 Financial Results; Maintains 2012 Full-Year Outlook

 
Exelis Inc.
2012 Guidance Midpoint
 
 
($ million, except per share)

Twelve Months Ending

December 31, 2012

Sales, Guidance Mid Point Estimate $ 5,450  
   
Operating Income, Guidance Mid Point Estimate   554  
   
Separation Costs   30  
   
Adjusted Operating Income, Guidance Mid Point Estimate   584  
   
Operating Margin, Guidance Mid Point Estimate 10.2 %
Adjusted Operating Margin, Guidance Mid Point Estimate   10.7 %
   
Net Income, Guidance Mid Point Estimate 322
Separation Costs, net of tax   23  
   
Adjusted Net Income, Guidance Mid Point Estimate   345  
   
Net Income per fully diluted share, Guidance Mid Point Estimate $ 1.71
Adjusted Net Income per fully diluted share, Guidance Mid Point Estimate $ 1.83  
 
Weighted Average number shares outstanding diluted 188.4

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