Exelis reports third-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
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Nine Months Ended
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September 30,
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September 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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1,361
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1,529
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4,161
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4,359
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C4ISR
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611
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746
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1,884
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2,114
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I&TS
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750
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786
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2,277
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2,250
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Eliminations
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-
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(3
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-
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(5
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Segment Operating Income, As Reported
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143
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156
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426
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392
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C4ISR
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84
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107
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261
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278
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I&TS
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59
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49
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165
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114
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Separation Costs
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6
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9
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22
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23
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C4ISR
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3
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6
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13
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15
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I&TS
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3
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3
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9
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8
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Segment Operating Income, Adjusted
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149
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165
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448
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415
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C4ISR
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87
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113
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274
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293
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I&TS
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62
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52
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174
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122
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Segment Operating Margin, As Reported
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C4ISR
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13.7
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%
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14.3
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%
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13.9
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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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6.2
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%
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7.2
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%
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5.1
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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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15.1
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%
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14.5
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%
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13.9
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%
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I&TS
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8.3
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%
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6.6
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%
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7.6
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%
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5.4
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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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10.2
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%
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10.2
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%
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9.0
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%
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Operating Margin, Adjusted
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10.9
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%
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10.8
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%
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10.8
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%
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9.5
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%
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