Esterline Reports 2Q Results; Income From Continuing Operations $6.0 Million, on $135.3 Million Sales 5/22/2003 By Administrator Account on
BELLEVUE, Wash., May 22, 2003--Esterline Technologies (NYSE/ESL www.esterline.com)a leading specialty manufacturer serving aerospace/defense markets, today reported second quarter (ended May 2) income from continuing operations of $6.0 million, or $.29 per share on a diluted basis, on sales of $135.3 million. This performance compared with the prior year period’s income from continuing operations of $7.2 million, or $.34 per share, on sales of $100.7 million. Backlog at the end of the period was $314.3 million compared with $232.8 million a year ago.
Esterline To Acquire Weston Aerospace 5/22/2003 By Administrator Account on
BELLEVUE, Wash., May 22, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced an agreement to acquire the outstanding stock of UK-based Weston Group from The Roxboro Group Plc. The transaction significantly enhances Esterline’s position in high-end aerospace sensors, making it the market leader to the world’s jet engine manufacturers, and boosting its Sensors & Systems segment sales by nearly 50%.
Esterline Launches Private Placement of Senior Subordinated Notes 5/22/2003 By Administrator Account on
BELLEVUE, Wash., May 22, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced that it is launching a private placement of $150 million aggregate principal amount of its senior subordinated notes. Esterline anticipates using a portion of the net proceeds from the private placement to fund the recently announced acquisition of Weston Aerospace, to repay outstanding debt under its existing credit facility and for general corporate purposes.
Esterline Adjusts 2Q Expectations For Recent Air Traffic Declines and Acquisition Integration 5/5/2003 By Administrator Account on
BELLEVUE, Wash., May 5, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced that second quarter, ended May 2, earnings per share from continuing operations would likely be about $.25.
Esterline Receives Largest Order Ever -- Five-Year Contract for Combustible Ordnance 3/31/2003 By Administrator Account on
BELLEVUE, Wash., March 31, 2003--Esterline Technologies (NYSE/ESL http://www.esterline.com) today announced that it has secured a $103 million dollar contract – the largest in company history – from the U.S. Army to manufacture and deliver state-of-the-art 155mm Modular Artillery Charge System (MACS) Combustible Cases over the next five years. In addition to the base amount, the Army could exercise options bringing the total award to $270 million. As anticipated, the first year of the contract is fully-funded at $28 million; production will begin immediately at Esterline’s Armtec Defense Products subsidiary in Coachella, Calif.
Esterline Reports First Quarter Earnings of $5.8 Million, or $.28 EPS, on $126.3 Million Sales 2/27/2003 By Administrator Account on
BELLEVUE, Wash., February 27, 2003--Esterline Technologies (NYSE/ESL http://www.esterline.com) a leading specialty manufacturer serving aerospace/defense markets,today reported fiscal 2003 first quarter (ended January 31) earnings from continuing operations of $5.8 million, or $.28 per diluted share, on sales of $126.3 million. The prior year’s first quarter earnings from continuing operations were $6.6 million, or $.32 per diluted share, on sales of $96.8 million.
Esterline Technologies Adds Another Aerospace Company To Its Growing Family 1/6/2003 By Administrator Account on
BELLEVUE, Wash., January 6, 2003--Esterline Technologies (NYSE/ESL http://www.esterline.com) a leading specialty manufacturer serving aerospace/ defense markets, today announced that it has acquired the assets of BVR Aero Precision, a maker of precision gear assemblies and electronic data concentrators based in Rockford, Ill. The operation currently generates annual revenues of about $7 million.