Exelis reports third-quarter 2014 financial results; revises full-year guidance
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Exelis Inc.
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Non-GAAP Financial Measures - Adjusted Net Income & Adjusted EPS
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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($ million, except per share)
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2014
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2013
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2014
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2013
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Net Income
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52
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80
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165
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202
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Separation Costs for the Vectrus Spin-off, net of tax
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9
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-
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19
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-
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Adjusted Net Income
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61
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80
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184
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202
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Net Income per fully diluted share
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$0.27
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$0.41
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$0.85
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$1.06
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Adjusted Net Income per fully diluted share
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$0.32
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$0.41
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$0.95
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$1.06
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Weighted Average Shares Outstanding, Diluted
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193.2
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192.8
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193.9
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191.0
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