Exelis Reports Solid First-Quarter 2012 Financial Results Driven by Growth in Revenue and Operating Margin; Reaffirms 2012 Full-Year Outlook

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

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