Esterline Acquires Software Engineering Firm Specializing In Aerospace Applications 12/9/2003 By Administrator Account on
BELLEVUE, Wash., December 9, 2003--Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/ defense markets, today announced that it has agreed to acquire the outstanding stock of Avista Inc., a $10 million Wisconsin-based developer of embedded software for mission critical applications.
Esterline Reports 4Q EPS of $.44; Earnings of $9.4 Million on $160.3 Million Sales 12/4/2003 By Administrator Account on
BELLEVUE, Wash., Dec. 4, 2003 — Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported strong fourth quarter performance, exceeding forecasted results for the quarter and fiscal year ended October 31. Fourth quarter income from continuing operations was $9.4 million, or $.44 per diluted share, on sales of $160.3 million. In the same period last year, income from continuing operations was $10.5 million, or $.50 per diluted share including $.14 per share from the favorable resolution of income tax audits, on sales of $124.9 million. Net income for the fourth quarter was $9.4 million, or $.44 per diluted share, compared with $7.6 million, or $.36 per share.