Esterline Provides Third Quarter Earnings Expectations
ESTERLINE TECHNOLOGIES (ESL)
Last esterline technologies earnings: 1/31 04:05 pm
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US:NYSE Investor Relations:
esterline.com/investorrelations.aspx
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Source: GlobeNewswire
Company Notes Q3 Impact of Labor Strike; Reaffirms Full-Year 2018 Guidance BELLEVUE, Wash., June 11, 2018 (GLOBE NEWSWIRE) -- Esterline Corporation (NYSE:ESL) (www.esterline.com), a leading specialty manufacturer serving global aerospace and defense markets, today announced that it expects to report third fiscal quarter earnings per share in the range of $0.80 to $0.90 per diluted share. This range is lower than the company’s previous expectations principally due to the operational impact of a recently concluded strike at its Canadian avionics facility. An agreement reached with the labor union will not have a material impact on the unit’s future operating results. The company is reaffirming its expectations for fiscal 2018 full-year results. The company has recovery plans in place and anticipates that during the fourth fiscal quarter it will mitigate much of the impact from the 13-day strike. The company will continue to work with customers and suppliers to ensure that productio
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