Exelis reports first-quarter 2014 financial results, confirms 2014 guidance and provides update on Vectrus spin-off
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Exelis Inc.
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Non-GAAP Financial Measures - Adjusted Segment Operating Income
&
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Operating Margin
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Three Months Ended
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March 31,
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($ million)
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2014
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2013
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Sales
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1,045
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1,185
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C4ISR
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480
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499
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I&TS
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565
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686
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Segment Operating Income, As Reported
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89
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74
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C4ISR
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43
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19
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I&TS
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46
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55
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Separation Costs
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7
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-
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C4ISR
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4
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-
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I&TS
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3
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-
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Segment Operating Income, Adjusted
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96
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74
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C4ISR
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47
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19
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I&TS
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49
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55
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Segment Operating Margin, As Reported
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C4ISR
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8.9
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%
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3.8
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%
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I&TS
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8.1
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%
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8.0
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%
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Segment Operating Margin, Adjusted
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C4ISR
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9.8
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%
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3.8
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%
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I&TS
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8.7
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%
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8.0
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%
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Operating Margin, As Reported
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8.5
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%
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6.2
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%
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Operating Margin, Adjusted
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9.2
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%
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6.2
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%
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