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Article: EMS Technologies Announces Third Quarter 2009 Earnings.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA -- EMS Technologies, Inc. (NASDAQ: ELMG) today announced financial results for the third quarter of 2009. EMS reported third-quarter revenues of $85.7 million and earnings from continuing operations of $5.8 million, or $0.38 per share, on a non-GAAP reporting basis, excluding acquisition-related items. These earnings included substantial income tax benefits arising from both additional R&D tax credits and the effect of pre-tax losses in certain jurisdictions. EBITDA, excluding acquisition-related items, ("Adjusted EBITDA") was $7.1 million for the third quarter.
Third quarter earnings from continuing operations on a GAAP basis were $6.0 million or $0.39 ...