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FOR IMMEDIATE RELEASE
|Contact:||Brian D. Keogh|
ESTERLINE REPORTS FOURTH QUARTER AND FULL FISCAL YEAR RESULTS;
Q4 NET EARNINGS OF $61.7 MILLION, OR $1.97 PER SHARE; $531 MILLION SALES
Company Issues Full-Year 2013 Guidance of $5.45 to $5.80 Per Diluted Share
BELLEVUE, Wash., December 6, 2012 Esterline Corporation (NYSE: ESL) (www.esterline.com), a leading specialty manufacturer serving the global aerospace and defense markets, today reported fiscal 2012 fourth quarter (ended October 26) income from continuing operations of $61.7 million, or $1.97 per diluted share, on sales of $530.7 million.
Brad Lawrence, Esterlines Chief Executive Officer, said, Esterline ended the year on a strong note. Even without the benefit of several discrete items, our core underlying business was strong in the quarter. The quarters performance included the items detailed in Table 1 below.
Table 1: Effects of Discrete Items on 4th Quarter 2012 EPS
(Estimated tax rate 20%; 31.3 million shares)
Earnings Per Share GAAP
Foreign Exchange Benefit Avionics & Controls
Change Orders; R&D Tax Credits
Income Tax Benefit
Urgent Customer Requirements
Total Discrete Items
The following information was filed by Esterline Technologies Corp (ESL) on Thursday, December 6, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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