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

HII Turns In Strong Second Quarter On Carrier Work, Assault Ships, JVs

Business/Financial

Leonardo DRS To Acquire Data Fusion Company Raft For $450 Million

Business/Financial

HII And HD Hyundai Pilot Welding Automation For Shipbuilding

Business/Financial

HII Adds Outsourcing To Amphib Construction; Australian Official Visits

Trending

Army Launches Effort To Speed Up Industry’s Access To Test Ranges
First Battleship Could Cost Over $23 Billion And Start Later Than Planned, CBO Says
Lockheed Martin Reports Successful Burst Test Of NGI’s Second-Stage Motor
AE Industrial Partners Completes Acquisition Of Rocketdyne From L3Harris
APG-85 Radar in LRIP, Northrop Grumman Says; F-35 Program Declines Comment

Congress Updates

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

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