• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Excelitas Qioptiq banner

BATTLESPACE Updates

   +44 (0)77689 54766
   

  • Home
  • Features
  • News Updates
  • Company Directory
  • About
  • Subscribe
  • Contact
  • Media Pack 2022

BUSINESS NEWS

September 6, 2012 by

30 Aug 12. Esterline Corporation (ESL) reported third quarter 2012 (ended July 27) earnings from continuing operations of $35.1m, or $1.12 per diluted share (EPS), on sales of $485.9m, prior to a previously announced $52.2m, or $1.69 per diluted share, non-cash charge against goodwill for its U.K.-based Racal Acoustics defense business. This compared with year-ago income from continuing operations of $37.7m, or $1.21 per diluted share, on sales of $409.5m. Including the goodwill charge, third quarter net loss from continuing operations was $17.1m, or $0.55 per diluted share. As stated in the company’s preliminary third quarter announcement, full-year revenue is anticipated to range between $1.95bn and $2.00bn, representing growth of approximately 15% over fiscal 2011. Including anticipated fourth quarter diluted EPS of $1.60 to $1.70, the company expects full-year EPS (excluding the goodwill charge) to be in the range of $4.90 to $5.00 per diluted share, compared with $4.27 a year ago. Gross margin as a percentage of sales was 35.4% in the third quarter compared with 35.1% in the prior-year period. Selling, general and administrative expenses were 18.9% of sales in the quarter compared with 18.7% last year. Research, development and engineering expense in the quarter was $27.2m, or 5.6% of sales, compared with $23.1m, or 5.6% of sales, a year ago. The company is continuing to hold R&D spending at a level that will support new programs as previously expensed programs begin to ramp into production. The company’s quarterly income tax rate before the goodwill charge was 16.5% compared with 6.9% for the third fiscal quarter of 2011, including a four percentage point tax benefit in the third quarter mainly due to a reduction in the U.K. corporate tax rates. For the first nine months of fiscal 2012, excluding the goodwill charge, net income was $103.0m, or $3.30 per diluted share, compared with $113.6m, or $3.65 per diluted share last year. Including the charge, net income for the first nine months of fiscal 2012 was $50.9m, or $1.63 per diluted share. Sales for the first nine months of fiscal 2012 were $1.46bn, compared with $1.22bn in the same period a year ago. New orders for the first nine months of fiscal 2012 were $1.45bn compared with $1.38bn for the same period in 2011, a 5% year-over-year increase. Backlog was $1.24bn at July 27, 2012, compared with $1.26bn at the end of the prior-year period. (Source: Yahoo!/Marketwire)

04 Sep 12. Sabre Industries, Inc. has been acquired by affiliates of Kohlberg & Company, L.L.C., a leading private equity firm based in Mount Kisco, New York. Sabre is a leading producer of highly-engineered products used for electric transmission and distribution, wireless communications, renewable energy, and government and defense infrastructure. The Company offers a complete customer solution with a full range of engineered towers, poles, and building systems. In addition, Sabre complements its best-in-class products with related service offerings including tower maintenance, repair, modification, decommissioning, antennae replacement and logistics services. The Company’s vast array of product offerings and extensive manufacturing capabilities has allowed Sabre to develop leading positions with a high-quality, diversified group of customers including the nation’s largest utilities and wireless communications firms. (Source: Yahoo!/BUSINESS WIRE)

03 Sep 12. Rheinmetall expands its global naval presence – RASP seeks
leading role in ship-mounted weapon platforms. Rheinmetall Defence’s takeover of the stabilised weapon platform activities of Britain’s EM Digital reinforces the Düsseldorf-based Group’s portfolio of advanced naval systems and equipment, making it a significant strategic acquisition. The new subsidiary, Rheinmetall Advanced Stabilised Platforms (RASP) of London, possesses cutting-edge expertise and an extensive range of stabilisation technology products. Rheinmetall holds a 51% stake in

Primary Sidebar

Advertisers

  • qioptiq.com
  • Exensor
  • TCI
  • Visit the Oxley website
  • Visit the Viasat website
  • Blighter
  • SPECTRA
  • InVeris
  • Britbots logo
  • Faun Trackway
  • Systematic
  • CISION logo
  • ProTEK logo
  • businesswire logo
  • ProTEK logo
  • ssafa logo
  • DSEi
  • Atkins
  • IEE
  • EXFOR logo
  • KME logo
Hilux DVD2022

Contact Us

BATTLESPACE Publications
Old Charlock
Abthorpe Road
Silverstone
Towcester NN12 8TW

+44 (0)77689 54766

BATTLESPACE Technologies

An international defence electronics news service providing our readers with up to date developments in the defence electronics industry.

Recent News

  • EXHIBITIONS AND CONFERENCES

    May 27, 2022
    Read more
  • VETERANS UPDATE

    May 27, 2022
    Read more
  • MANAGEMENT ON THE MOVE

    May 27, 2022
    Read more

Copyright BATTLESPACE Publications © 2002–2022.

This website uses cookies to improve your experience. If you continue to use the website, we'll assume you're ok with this.   Read More  Accept
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT