Exelis Reports Solid First-Quarter 2012 Financial Results Driven by Growth in Revenue and Operating Margin; Reaffirms 2012 Full-Year Outlook
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Exelis Inc.
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Reported v. Adjusted Segment Operating Income and Operating Margin
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First Quarter of 2012 and 2011
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(in $ millions)
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Q1 2012
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Q1 2011
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Sales
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1,421
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1,344
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C4ISR
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653
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685
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I&TS
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768
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663
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Eliminations
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-
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(4
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Segment Operating Income, As Reported
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138
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114
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C4ISR
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91
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79
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I&TS
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47
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35
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Separation Costs
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13
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3
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C4ISR
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8
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2
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I&TS
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5
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1
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Segment Operating Income, Adjusted
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151
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117
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C4ISR
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99
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81
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I&TS
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52
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36
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Segment Operating Margin, As Reported
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C4ISR
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13.9
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%
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11.5
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%
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I&TS
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6.1
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%
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5.3
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%
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Segment Operating Margin, Adjusted
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C4ISR
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15.2
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%
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11.8
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%
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I&TS
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6.8
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%
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5.4
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%
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Operating Margin, As Reported
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9.7
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%
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8.5
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%
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Operating Margin, Adjusted
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10.6
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%
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8.7
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%
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