...$1.46 per diluted share compared to $1.37 per diluted share in the first quarter 2011(1), up 7 percent. The increase was driven by capital deployment actions and operational improvements. First quarter 2012 EPS from continuing operations was $1.33 compared to $1.06 in the first quarter 2011. First quarter 2012 included an unfavorable FAS/CAS Adjustment of $0.14, compared with an unfavorable FAS/CAS Adjustment of $0.16 in the first quarter 2011. First quarter 2011 EPS from continuing operations also included a $0.16 unfavorable impact associated with the UKBA Letters of Credit (LOC) Adjustment(2).
"Our focus on performance drove solid operating results in the first quarter," said William H. Swanson, Raytheon's Chairman and CEO. "These results reflect our ongoing commitment to providing best value in meeting our customers' evolving requirements for affordable, innovative solutions." To read the entire financial report, access this direct link.