Sign In
Search
Business/Financial

ATK Swings To Profit In Fourth Quarter Despite Slight Sales Decline

DDN
SHARE:

By Calvin Biesecker ATK [ATK] yesterday said it swung to a profit in the fourth quarter despite relatively flat sales due in part to hefty charges a year ago that caused a net loss and strong results in its ammunition business. Net income swung to a $58.4 million profit, $1.73 earnings per share (EPS), compared to a loss of $36.4 million ($1.12 EPS) a year ago. Both periods include non-cash impairment charges. Excluding those charges, ATK's operating profits increased 13…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

U.K. Defense Firm OpenWorks Expands Into U.S. Market

Business/Financial

EnduroSat and CACI to Build Vantor’s Pulse Smallsat Fleet

Business/Financial

DoD Makes $450 Million Equity Investment In Domestic Tungsten Supplier The Elmet Group

Trending

Lockheed Martin Vectis To Have ‘Almost F-35 Like Capabilities’
Pentagon Program Selects 17 Companies To Compete In Drone Bomber Qualifier
Northrop Expands B-21 Production Capacity With New Utah Facility
Space Force Looking to Future for RPO-Docking to Counter Space Threats
True Anomaly and Northrop Grumman Aiming to Build GHOST-R Prototypes to Reduce RG-XX Costs

Congress Updates

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume