Alliant Techsystems Inc. (NYSE:ATK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Alliant Techsystems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 19.35% to $2.22 in the quarter versus EPS of $1.86 in the year-earlier quarter.
Revenue: Decreased 12% to $1.15 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Alliant Techsystems Inc. reported adjusted EPS income of $2.22 per share. By that measure, the company beat the mean analyst estimate of $1.98. It beat the average revenue estimate of $1.09 billion.
Quoting Management: “The company recorded strong year-over-year performance for the fourth quarter,” said Mark DeYoung, ATK President and Chief Executive Officer. “During the period, the Sporting Group achieved strong orders, record sales volume and improved operating margins. Our Aerospace and Defense Groups reached significant milestones in our rocket motor, precision weapon, missile warning and special mission aircraft programs. These accomplishments confirm our ability to deliver highly engineered, mission-critical capabilities to our customers, whose requirements are changing and where affordability is paramount.”
Key Stats (on next page)…