Alliant Techsystems Inc. (ATK, Financial) filed Quarterly Report for the period ended 2012-07-01.
Alliant Techsystems Inc. has a market cap of $1.52 billion; its shares were traded at around $52.1 with a P/E ratio of 5.6 and P/S ratio of 0.3. The dividend yield of Alliant Techsystems Inc. stocks is 1.7%. Alliant Techsystems Inc. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Alliant Techsystems Inc. the business predictability rank of 4-star.
Although the timing and outcome of audit settlements are uncertain, it is reasonably possible that a $15,000 reduction of the unrecognized tax benefits will occur in the next 12 months. The settlement of these unrecognized tax benefits could result in earnings from $0 to $12,400, which includes the expected second quarter benefit of $11,000 discussed above.
The military small-caliber ammunition contract, which is reported within Defense Group, contributed approximately 16% and 15% of total external sales during the quarters ended July 1, 2012 and July 3, 2011, respectively.
Although the timing and outcome of audit settlements are uncertain, it is reasonably possible that a $15,000 reduction of the unrecognized tax benefits will occur in the next 12 months. The settlement of these unrecognized tax benefits could result in earnings from $0 to $12,400, which includes the expected second quarter benefit of $11,000 discussed above.
Net income for the quarter ended July 1, 2012 was $70,941, a decrease of $753 compared to $71,694 in the first quarter of fiscal 2012. This decrease was driven by a $7,451 increase in income tax expense, and an increase of $4,250 in operating expenses. These increases were partially offset by an increase in gross profit of $4,398 and a decrease in net interest expense of $6,550.
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Alliant Techsystems Inc. has a market cap of $1.52 billion; its shares were traded at around $52.1 with a P/E ratio of 5.6 and P/S ratio of 0.3. The dividend yield of Alliant Techsystems Inc. stocks is 1.7%. Alliant Techsystems Inc. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Alliant Techsystems Inc. the business predictability rank of 4-star.
Highlight of Business Operations:
Billed Receivable balances are shown net of customer progress payments of $427,050 as of July 1, 2012 and $461,743 as of March 31, 2012, and net of the allowance for doubtful accounts of $13,129 and $11,648 respectively. Unbilled receivables represent the balance of recoverable costs and accrued profit, comprised principally of revenue recognized on contracts for which billings have not been presented to the customer because the amounts were earned but not contractually billable as of the balance sheet date. These amounts include expected additional billable general overhead costs and fees on flexibly priced contracts awaiting final rate negotiations, and are expected to be billable and collectible within one year.Although the timing and outcome of audit settlements are uncertain, it is reasonably possible that a $15,000 reduction of the unrecognized tax benefits will occur in the next 12 months. The settlement of these unrecognized tax benefits could result in earnings from $0 to $12,400, which includes the expected second quarter benefit of $11,000 discussed above.
The military small-caliber ammunition contract, which is reported within Defense Group, contributed approximately 16% and 15% of total external sales during the quarters ended July 1, 2012 and July 3, 2011, respectively.
Although the timing and outcome of audit settlements are uncertain, it is reasonably possible that a $15,000 reduction of the unrecognized tax benefits will occur in the next 12 months. The settlement of these unrecognized tax benefits could result in earnings from $0 to $12,400, which includes the expected second quarter benefit of $11,000 discussed above.
Net income for the quarter ended July 1, 2012 was $70,941, a decrease of $753 compared to $71,694 in the first quarter of fiscal 2012. This decrease was driven by a $7,451 increase in income tax expense, and an increase of $4,250 in operating expenses. These increases were partially offset by an increase in gross profit of $4,398 and a decrease in net interest expense of $6,550.
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