Exelis Reports Solid Second-Quarter 2012 Financial Results; Maintains 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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Three Months Ended June 30,
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Six Months Ended June 30,
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($ million)
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2012
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2011
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2012
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2011
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Sales
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1,379
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1,485
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2,800
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2,829
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C4ISR
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620
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683
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1,273
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1,368
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I&TS
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759
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811
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1,527
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1,474
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Eliminations
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-
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(9
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-
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(13
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Segment Operating Income, As Reported
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145
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121
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283
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235
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C4ISR
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86
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92
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177
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171
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I&TS
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59
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29
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106
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64
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Separation Costs
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3
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11
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16
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14
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C4ISR
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2
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7
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10
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9
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I&TS
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1
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4
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6
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5
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Segment Operating Income, Adjusted
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148
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132
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299
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249
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C4ISR
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88
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99
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187
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180
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I&TS
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60
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33
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112
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69
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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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13.5
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%
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13.9
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%
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12.5
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%
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I&TS
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7.8
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%
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3.6
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%
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6.9
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%
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4.3
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%
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Segment Operating Margin, Adjusted
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C4ISR
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14.2
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%
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14.5
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%
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14.7
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%
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13.2
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%
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I&TS
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7.9
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%
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4.1
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%
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7.3
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%
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4.7
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%
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Operating Margin, As Reported
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10.5
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%
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8.1
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%
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10.1
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%
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8.3
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%
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Operating Margin, Adjusted
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10.7
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%
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8.9
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%
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10.7
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%
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8.8
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%
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