Exelis reports fourth-quarter and full-year 2013 financial results; provides financial guidance for 2014
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Exelis Inc.
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Non-GAAP Financial Measures - Adjusted Segment Operating Income &
Operating Margin
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Three Months Ended
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Twelve Months Ended
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December 31,
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December 31,
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($ million)
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2013
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2012
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2013
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2012
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Sales
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1,239
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1,361
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4,816
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5,522
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C4ISR
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621
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603
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2,136
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2,487
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I&TS
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618
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758
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2,680
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3,035
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Segment Operating Income, As Reported
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142
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135
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476
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561
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C4ISR
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90
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89
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218
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350
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I&TS
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52
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46
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258
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211
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Separation Costs & Other Special Items
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8
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7
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8
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29
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C4ISR
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4
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4
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4
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16
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I&TS
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4
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3
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4
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13
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Segment Operating Income, Adjusted
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150
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142
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484
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590
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C4ISR
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94
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93
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222
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366
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I&TS
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56
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49
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262
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224
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Segment Operating Margin, As Reported
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C4ISR
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14.5
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%
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14.8
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%
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10.2
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%
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14.1
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%
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I&TS
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8.4
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%
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6.1
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%
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9.6
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%
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7.0
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%
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Segment Operating Margin, Adjusted
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C4ISR
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15.1
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%
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15.4
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%
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10.4
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%
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14.7
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%
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I&TS
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9.1
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%
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6.5
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%
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9.8
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%
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7.4
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%
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Operating Margin, As Reported
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11.5
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%
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9.9
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%
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9.9
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%
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10.2
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%
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Operating Margin, Adjusted
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12.1
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%
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10.4
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%
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10.0
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%
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10.7
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%
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