Orbital ATK Records 16% Profit Bump for 2015 as Full-Year, 4Q EPS Exceed Street Outlook

Orbital ATK (NYSE: OA) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a profit increase of 16.28 percent for the full 2015 calendar year compared to 2014 and a 15.33-percent hike for the fourth quarter.

Full-year profit was stated as $289.9 million, or $5.02 per share, for 2015 with fourth quarter net income at $86.5 million, or $1.45 EPS to exceed the consensus Wall Street estimate by 14 cents for the year and 34 cents for the October-December period.

The company reported 2015 results as adjusted to show figures as if the company was created on Jan. 1 through the merger of the former Orbital Sciences with ATK‘s aerospace and defense groups that closed Feb. 9.

Revenue was stated as $4.51 billion for the year, up 1.57 percent from 2014 figures, and $1.14 billion for the quarter to register a 2.7 percent year-over-year increase on increases in launch vehicle and satellite sales.

Wall Street analysts expected the company to report $4.47 billion in full-year revenue and $1.11 billion in sales for the October-December period.

Orbital ATK’s guidance for 2016 forecasts earnings of between $5.25 and $5.50 per share, revenue in the $4.57 billion-to-$4.65 billion range and an operating margin at 11-to-11.5 percent.

The company has also set a 2017 target to achieve an compound annual growth rate of 3-to-4 percent in revenue with earnings up by between 12 and 15 percent on a CAGR basis.

As of Monday’s close, shares in Orbital ATK have declined 6.25 percent from the year’s start and are up 26.37 percent over 12 months.

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