Aerojet Rocketdyne Holdings, Inc. Reports Third Quarter 2015 Results
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Aerojet Rocketdyne (AJRD) Posts Q3 GAAP Loss of 16c/Share
October 13, 2015 4:13 PM EDTAerojet Rocketdyne (NYSE: AJRD) reported Q3 EPS of ($0.16), which may not compare with the analyst estimate of $0.17. Revenue for the quarter came in at $440.5 million versus the consensus estimate of $443.4 million.
Net loss for the third quarter of fiscal 2015 included (i) a pre-tax expense of $50.0 million associated with a legal settlement and (ii) a pre-tax expense of $29.5 million associated with higher environmental remediation reserve requirements primarily at the Baldwin Park Operable Unit ("BPOU") site
Competitive Improvement Program
During the second quarter of fiscal 2015, the Company initiated a competitive... More
