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Esterline Updates Full-year Guidance - Quick Facts

Esterline Corporation (ESL) announced its expectation for full-year adjusted earnings from continuing operations, which exclude certain compliance and integration costs, was adjusted to a range of $4.50 to $4.70 per share, from the prior range of $4.50 to $4.90 per share. The company also updated its guidance for fiscal 2017 full-year EBITDA to a range of $300 million to $310 million. The company noted that its fiscal 2017 full-year expectation for sales is approximately $2.0 billion.

Third-quarter adjusted earnings from continuing operations were $32.5 million, or $1.08 per share. In the comparable period of the prior year, adjusted earnings from continuing operations were $40.9 million, or $1.38 per share. The company reported consolidated revenue of $503.8 million during the quarter compared with $517.1 million in the year-ago period.

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