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Business/Financial

Earnings, Sales Surge At Orbital ATK In Third Quarter

By Cal Biesecker

Thursday, November 2nd, 2017

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Earnings, Sales Surge At Orbital ATK In Third Quarter

Orbital ATK's aerostructures business helped contribute to the company's strong third quarter results. The company makes composite structures for commercial and military aircraft. Photo: Orbital ATK

Orbital ATK [OA] on Thursday posted strong earnings and sales in its third quarter driven by top and bottom line gains in all three operating segments.Net income soared 57 percent to $94.8 million, $1.64 earnings per share (EPS), from $60.4 million ($1.04 EPS). Excluding expenses related to the pending acquisition of the company by Northrop Grumman [NOC] and for restating financial statements over a number of quarters, adjusted earnings were $1.75 EPS, 21 cents above consensus estimates.Operating margins were 11.7…

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