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ATK Expects Earnings, Sales To Decline In FY ‘13

Defense Daily Staff Defense Daily Staff
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ATK [ATK] this week initiated financial guidance for its FY ’13, saying that earnings per share (EPS), sales and operating cash flow are expected to decline versus FY ’12 results amid a constrained federal spending environment. Earnings are forecast to be between $6 and $6.30 EPS, down between 22 percent and 19 percent respectively from the low and high end projections of $7.65 to $7.75 EPS for FY ’12. Sales are expected to be between $4 billion and $4.1 billion,…

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