{"id":83149,"date":"2012-05-07T18:39:49","date_gmt":"2012-05-07T10:39:49","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/atk-space-systems-sales-slip-impacts-full-year-earnings\/"},"modified":"2012-05-07T18:39:49","modified_gmt":"2012-05-07T10:39:49","slug":"atk-space-systems-sales-slip-impacts-full-year-earnings","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/atk-space-systems-sales-slip-impacts-full-year-earnings\/","title":{"rendered":"ATK Space Systems Sales Slip Impacts Full-Year Earnings"},"content":{"rendered":"<p>[05-05-12] <b>ATK<\/b> reported a five percent, year-over-year decline in its 2012 full-year sales at $4.6 billion, which was in line with its 2012 full year guidance, according to its latest financial results issued May 4.<\/p>\n<p>&nbsp; &nbsp;The company\u2019s full-year net income dropped 16 percent from $313 million in 2011 to $263 million in 2012. ATK\u2019s adjusted earnings-per-share, however, increased to $8.78 from $8.65, driven by updated profitability expectations on energetics and other programs, though partially offset by reductions in sales volume from its Armament and Systems and Aerospace Systems groups.&nbsp;<br \/>\n&nbsp; &nbsp;ATK\u2019s space business has been impacted recently by NASA\u2019s increasing reliance on the private sector for its rocket technology. ATK CEO Mark DeYoung said the company\u2019s realignment of its business groups and continued expansion of its accessories business should help alleviate its $320 million in debt and strengthen its balance sheet.<br \/>\n&nbsp; &nbsp;\u201cATK is committed to generating long-term shareholder value. The company operates under a management model that is focused on improving operating efficiencies and delivering innovative, cost-effective products that meet the needs of our customers. We believe this strategy will serve us well in this budget constrained environment,\u201d DeYoung said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[05-05-12] ATK reported a five percent, year-over-year decline in its 2012 full-year sales at $4.6 billion, which was in line with its 2012 full year guidance, according to its latest financial results issued May 4. &nbsp; &nbsp;The company\u2019s full-year net income dropped 16 percent from $313 million in 2011 to $263 million in 2012. ATK\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-83149","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/83149"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=83149"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/83149\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=83149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=83149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=83149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}