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Rockwell Collins Q2 EPS $1.27

Rockwell Collins
Rockwell Collins   The company raises FY17 Sales, free cash flow guidance

Rockwell Collins announced its financial guidance for continuing operations for fiscal 2017 has been updated to include the impact of the B/E Aerospace acquisition completed on April 13, 2017.


Total sales are now projected to be in a range of $6.7 billion to $6.8 billion, compared to prior guidance range of $5.3 billion to $5.4 billion.

Free cash flow is now projected to be $650 million to $750 million, updated from previous guidance range of $600 million to $700 million. Adjusted earnings per share is expected to be in a range of $5.95 to $6.15.

Second-quarter earnings per share from continuing operations was $1.27 compared to $1.30 in the prior year.

Earnings per share for the second quarter of fiscal year 2017 included 7 cents of B/E Aerospace acquisition-related expenses.

Reported sales for the second quarter was $1.34 billion, a 2% increase from the same period prior year.


 

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