25 January 2017
DETAILS
- Q4 diluted EPS of
$0.64
was 14.3% higher than prior year of$0.56 .
- Q4 sales of
$483.5 million
were up 4.0% (4.6% in constant currency).
- FY2016 diluted EPS of
$2.65
was 8.6% higher than prior year of$2.44 .
Adjusted diluted EPS of$2.58
was 11.2% higher than prior year of$2.32 .
- FY2016 sales of
$2.0 billion
were 7.7% higher than FY2015
(7.9% in constant currency) driven by
11.1% increase in commercial aerospace sales.
- FY2016 free cash flow of
$73.5 million
exceeded initial guidance of$20-$60 million
reported strong results for
the fourth quarter of 2016 with
diluted EPS of
For the full year, the Company reported
record diluted EPS of
(adjusted diluted EPS of
on net sales of
to end the year with
record sales, operating income, net income
and EPS.
We are particularly pleased with
our strong double-digit adjusted EPS growth
as we generated
from operating activities in 2016,
which funded our investments and capital expenditures
for capacity expansion to support our organic growth.”
Full year adjusted diluted EPS
was at the high end of the Company’s
latest full year 2016 guidance,
with EPS for the quarter benefitting
from a lower than expected tax rate by
For the year, total sales increased 7.9%
in constant currency, with
adjusted operating income at 18.0% of sales
and adjusted EPS 11.2% higher than in 2015.
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