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