{"id":84430,"date":"2011-08-06T01:18:08","date_gmt":"2011-08-05T17:18:08","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/atks-dependence-on-government-market-takes-toll-on-sales-earnings\/"},"modified":"2011-08-06T01:18:08","modified_gmt":"2011-08-05T17:18:08","slug":"atks-dependence-on-government-market-takes-toll-on-sales-earnings","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/atks-dependence-on-government-market-takes-toll-on-sales-earnings\/","title":{"rendered":"ATK\u2019s Dependence on Government Market Takes Toll on Sales, Earnings"},"content":{"rendered":"<p>[08-05-11] Lower sales across its businesses caused <b>Alliant Techsystems\u2019<\/b> (<b>ATK<\/b>) 2011 fiscal first-quarter earnings to fall 4.2 percent from $74.6 million in the same period last year to $71.5 million, the rocket manufacturer reported in its latest financial results issued Aug. 4.<\/p>\n<p>&nbsp;&nbsp; The company said its second quarter revenues decreased 11 percent year-over-year to $1.08 billion due to lower sales on <b>NASA\u2019s<\/b> human-flight programs and the company\u2019s efforts to diversify its business and reduce its reliance on U.S. government contracts.<br \/>\n&nbsp;&nbsp; ATK\u2019s aerospace business, the company\u2019s largest revenue contributor, posted a 4.3 percent sales drop in its first fiscal quarter. The company\u2019s armament systems and missile products segments reported a 21 percent and 7 percent sales decline, respectively.<br \/>\n&nbsp;&nbsp; Despite the sales dip, ATK President and CEO Mark DeYoung said he is raising his company\u2019s full-year earnings-per-share guidance based on sustainable margin improvements and a lower share count resulting from a $50 million share repurchase.<br \/>\n&nbsp;&nbsp; \u201cOur aggressive focus on efficiency improvements and cost management contributed to the strength of our bottom-line results, even in the face of a challenging sales environment. We are meeting key production and delivery milestones, executing on our programs of record and winning new business,\u201d said DeYoung.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[08-05-11] Lower sales across its businesses caused Alliant Techsystems\u2019 (ATK) 2011 fiscal first-quarter earnings to fall 4.2 percent from $74.6 million in the same period last year to $71.5 million, the rocket manufacturer reported in its latest financial results issued Aug. 4. &nbsp;&nbsp; The company said its second quarter revenues decreased 11 percent year-over-year to [&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-84430","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84430"}],"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=84430"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84430\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}