{"id":20205,"date":"2012-02-03T13:16:00","date_gmt":"2012-02-03T13:16:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/intermec-grew-internationally-by-over-30\/20204\/"},"modified":"2012-02-03T13:16:00","modified_gmt":"2012-02-03T13:16:00","slug":"intermec-grew-internationally-by-over-30","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/intermec-grew-internationally-by-over-30\/20205\/","title":{"rendered":"Intermec &#8211; Grew internationally by over 30%"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2012\/02\/Intermec.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-20206\" title=\"Intermec\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2012\/02\/Intermec.png\" alt=\"\" width=\"133\" height=\"45\"><\/a>Intermec, Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=IN\">NYSE:IN<\/a>)<\/strong> today announced financial results for its fourth quarter and full year ended December 31, 2011.<\/p>\n<ul>\n<li>Q4 revenue increases 18% to $236.8 million and 25% for full year to $848.2 million<\/li>\n<li>Q4 Adjusted Operating Income $16.8 million; Adjusted EBITDA $24.5 million<\/li>\n<li>Full year 2011 Adjusted Operating Income $32 million; Adjusted EBITDA $60 million<\/li>\n<li>Q4 GAAP results impacted by non-cash charges totaling $25.4 million of net earnings<\/li>\n<\/ul>\n<p>Fourth quarter 2011 net revenues were $236.8 million, with net loss on a GAAP basis of $21.6 million or $0.36 per diluted share compared to 2010 fourth quarter revenues of $200.0 million and GAAP net earnings of $7.9 million or $0.13 per diluted share. Earnings per share for the quarter were significantly impacted by two significant non-cash charges, including $5.6 million to write off certain previously capitalized legal costs, and a $21.4 million of deferred tax valuation allowances. Excluding restructuring, acquisition-related costs, non-cash charges and other adjustments totaling $12.4 million (detailed in the table below), the Adjusted Operating Income for the quarter was $16.8 million and Adjusted Earnings were $0.13 per diluted share.<\/p>\n<p>\u201cOur fourth quarter delivered solid operating results and concluded a transformational year for Intermec,\u201d said Patrick J. Byrne, Intermec President and CEO. \u201cIn 2011, we grew internationally by over 30%, leveraged our two strategic acquisitions, updated and broadened our product portfolio and expanded our sales channels quarter after quarter. For 2012, we will accelerate our momentum by offering customers new solutions that improve their business results.\u201d<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>Full year 2011 revenue was $848.2 million an increase of 25% compared to full-year 2010. Adjusted Operating Income for the year $32.0 million and Adjusted Earnings were $0.29 per share. Latin America revenue was $102.6 million, an increase of 35%; EMEA revenue grew 29% to $275.4 million; Asia Pacific revenue also rose 35% to $61.9 million and North America revenue increased 19% to $408.3 million.<\/p>\n<p>Adjusted Operating Income for 2011 of $32 million compares to $6.1 million for 2010. Adjusted Gross Margins for 2011 increased to 42.5% from 37.9%. Adjusted EBITDA for the full year increased to $60 million compared to the prior year of approximately $29 million.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-drop-on-jobs-report\/20224\"><br \/>\nGold Prices Drop on Jobs Report<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-rally-on-strong-jobs-report\/20223\"><br \/>\nStocks Rally on Strong Jobs Report<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-and-silver-prices-sharply-lower-in-mid-day-trading\/20220\"><br \/>\nGold and Silver Prices Sharply Lower in Mid-Day Trading<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/estee-lauder-companies-shares-slip-on-earnings-outlook-el\/20218\"><br \/>\nEstee Lauder Companies Shares Slip on Earnings Outlook (EL)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-headed-for-a-strong-finish-16\/20216\"><br \/>\nStocks Headed for a Strong Finish<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-extend-gains-in-mid-day-trading-as-jobs-report-lifts-sentiment\/20209\"><br \/>\nStocks Extend Gains in Mid-Day Trading as Jobs Report Lifts Sentiment<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/bebe-stores-announces-fiscal-second-quarter-2012-retail-sales\/20207\"><br \/>\nbebe stores &#8211; Announces Fiscal Second Quarter 2012 Retail Sales<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Intermec, Inc. (NYSE:IN) today announced financial results for its fourth quarter and full year ended December 31, 2011. Q4 revenue [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[3],"tags":[2132],"class_list":["post-20205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-200-day-moving-average"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/20205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=20205"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/20205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=20205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=20205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=20205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}