Courtesy of Benzinga.
Q1 Revenue increased year over year to $179.7 million
Preliminary GAAP EPS ($0.27) per fully diluted share; Non-GAAP EPS of ($0.21)
Adjusted EBITDA of ($6.9) million
Final results subject to impairment analysis and deferred tax asset balances
Intermec, Inc. (NYSE: IN) today announced preliminary financial results for its first quarter ended April 1, 2012.
First quarter 2012 revenues were $179.7 million, with preliminary net (loss) on a GAAP basis of ($16.4) million or ($0.27) per diluted share. That compares to 2011 first quarter revenues of $178.5 million and net loss on a GAAP basis of ($6.1) million or ($0.10) per diluted share. Excluding acquisition-related costs and other adjustments totaling $3.7 million (detailed below), the Adjusted Non-GAAP operating loss for the quarter was $($12.7) million or ($0.21) per diluted share, as compared with Non-GAAP operating loss of ($0.1) million or ($0.01) per diluted share, for the 2011 quarter.
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