Exelis reports third-quarter 2014 financial results; revises full-year guidance

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

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