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Esterline posts USD 39.2m of Q3 earnings

Washington USA-based aerospace components manufacturer Esterline Corp. (NYSE: ESL) reported Q3 ´13 earnings from continuing operations of USD 39.2m or USD 1.23 per diluted share on sales of USD 478.1m.

Excluding certain discrete charges detailed below, earnings from continuing operations in Q3 ´13 were USD 52.7m or USD 1.65 per diluted share.

This compares with adjusted earnings from continuing operations in Q3 ´12 of USD 35.1m or USD 1.14 per diluted share, which excluded a USD 1.69 per diluted share charge. Sales in the year-ago Q3 were USD 485.9m, the firm said.

The company said its Q3 ´13 gross margin of 37.4% was up significantly compared with the Q3 ´2 level of 35.4%.

Esterline is a specialised manufacturing company serving principally aerospace and defense markets.

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