Rockwell Collins, Inc. (COL) announced its financial guidance for continuing operations for fiscal 2017 has been updated to include the impact of the B/E Aerospace acquisition completed on April 13, 2017. Total sales are now projected to be in a range of $6.7 billion to $6.8 billion, compared to prior guidance range of $5.3 billion to $5.4 billion. Free cash flow is now projected to be $650 million to $750 million, updated from previous guidance range of $600 million to $700 million. Adjusted earnings per share is expected to be in a range of $5.95 to $6.15.
Second-quarter earnings per share from continuing operations was $1.27 compared to $1.30 in the prior year. Earnings per share for the second quarter of fiscal year 2017 included 7 cents of B/E Aerospace acquisition-related expenses. Reported sales for the second quarter was $1.34 billion, a 2% increase from the same period prior year.
by RTT Staff Writer
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