ATK reported operating results for the fourth quarter and Fiscal Year 2014 (FY14), which ended on March 31, 2014.
ATK reported operating results for the fourth quarter and Fiscal Year 2014 (FY14), which ended on March 31, 2014.Highlights:-Full-year #
Highlights:
-Full-year fully diluted EPS was $10.42, up 25 percent year over year
-Full-year sales were $4.8 billion, up 9 percent year over year
-cash provided by operating activities was $388 million, up 42 percent year over year
-Atk establishes FY15 financial guidance
ATK reported operating results for the fourth quarter and Fiscal Year 2014 (FY14), which ended on March 31, 2014.Highlights:-Full-year #
Fourth Quarter
ATK reported operating profit in the fourth quarter of $170 million, an approximately $49 million increase from the prior-year period. Excluding the Radford Army Ammunition Plant (RFAAP) pension segment close out, an environmental settlement, and acquisition inventory step-up, FY14 fourth quarter operating profit as adjusted was approximately $153 million compared to $122 million in the fourth quarter of FY13.
ATK reported operating results for the fourth quarter and Fiscal Year 2014 (FY14), which ended on March 31, 2014.Highlights:-Full-year #
Fourth quarter sales of $1.3 billion were up 17 percent from the prior-year quarter. Excluding the RFAAP pension segment close out, as adjusted sales for the quarter were $1.3 billion, due to increased sales in the Sporting Group, partially offset by a decline in the Aerospace and Defense Groups.
ATK reported operating results for the fourth quarter and Fiscal Year 2014 (FY14), which ended on March 31, 2014.Highlights:-Full-year #
The increase was driven primarily by higher sales and profit in the Sporting Group and lower pension expense. Fully diluted earnings per share (EPS) in the quarter were $2.90 compared to $2.23 in the prior-year period. As adjusted fourth quarter fully diluted EPS was $2.59. Fourth quarter EPS increased due to higher Sporting Group results and lower pension expense.
ATK reported operating results for the fourth quarter and Fiscal Year 2014 (FY14), which ended on March 31, 2014.Highlights:-Full-year #
Fourth quarter orders were $1.6 billion, down from $2.5 billion, mostly driven by lower orders in ATK's Sporting Group, partially offset by an increase in the Defense Group. The decline in Sporting Group orders is due to unusually high orders in the prior year, which ATK previously noted might not have been indicative of future sales. ATK's book-to-bill ratio for the quarter was 1.2. Please see segment and corporate results below.
ATK reported operating results for the fourth quarter and Fiscal Year 2014 (FY14), which ended on March 31, 2014.Highlights:-Full-year #
Fiscal Year 2014
Full-year operating profit was $590 million compared to $470 million in the prior year. Excluding the RFAAP pension segment close out, transaction costs associated with acquisitions, an environmental settlement, and inventory step-up, as adjusted operating profit was $598 million driven by higher sales and profit in the Sporting Group and lower pension expense, partially offset by a decrease in sales and profit in the Defense Group.
ATK reported operating results for the fourth quarter and Fiscal Year 2014 (FY14), which ended on March 31, 2014.Highlights:-Full-year #
For the full year, net income was up 25 percent to $341 million, compared to $272 million in the prior year. As adjusted net income was $346 million compared to $231 million in the prior year. Full-year EPS was $10.42, compared to $8.34 in the prior year. As adjusted EPS increased from $7.10 to $10.59, driven by higher Sporting Group results and lower pension expense compared to the prior year, partially offset by increased interest expense and a higher tax rate.
ATK reported operating results for the fourth quarter and Fiscal Year 2014 (FY14), which ended on March 31, 2014.Highlights:-Full-year #
ATK reported operating results for the fourth quarter and Fiscal Year 2014 (FY14), which ended on March 31, 2014.Highlights:-Full-year #
ATK