Esterline Technologies 8-K Quarterly Reclassification of Fiscal Year 2014 for Discontinued Operations

EXHIBIT 99.1

ESTERLINE TECHNOLOGIES CORPORATION

Quarterly Reclassification of Fiscal Year 2014 for Discontinued Operations

Consolidated Statement of Operations

In Thousands, Except Per Share Amounts

Quarterly Data is unaudited

	First			Second			Third			Fourth			FY14
Net Sales	$	485,940		$	510,861		$	506,309		$	548,059		$	2,051,169
Cost of Sales		315,205			331,636			329,222			354,482			1,330,545
		170,735			179,225			177,087			193,577			720,624
Expenses
Selling, general & administrative		89,132			92,035			88,884			94,208			364,259
Research, development & engineering		25,646			25,536			24,259			23,460			98,901
Restructuring charges		4,796			2,078			3,405			3,363			13,642
Total Expenses		119,574			119,649			116,548			121,031			476,802
Operating Earnings from Continuing Operations		51,161			59,576			60,539			72,546			243,822
Interest Income		(119	)		(136	)		(145	)		(155	)		(555	)
Interest Expense		8,625			8,434			7,865			8,086			33,010
Loss on Extinguishment of Debt		—			—			533			—			533
Earnings from Continuing Operations Before Income Taxes		42,655			51,278			52,286			64,615			210,834
Income Tax Expense		8,626			10,386			12,403			12,859			44,274
Earnings from Continuing Operations Including Noncontrolling Interests		34,029			40,892			39,883			51,756			166,560
Earnings Attributable to Noncontrolling Interests		(86	)		(297	)		(46	)		(124	)		(553	)
Earnings from Continuing Operations Attributable to Esterline, Net of Tax		33,943			40,595			39,837			51,632			166,007
Loss from Discontinued Operations Attributable to Esterline, Net of Tax		(3,865	)		(3,691	)		(929	)		(55,104	)		(63,589	)
Net Earnings Attributable to Esterline	$	30,078		$	36,904		$	38,908		$	(3,472	)	$	102,418
Earnings (Loss) Per Share Attributable to Esterline – Basic:
Continuing Operations	$	1.07		$	1.28		$	1.25		$	1.62		$	5.22
Discontinued Operations		(0.12	)		(0.12	)		(0.03	)		(1.73	)		(2.00	)
Earnings (Loss) Per Share Attributable to Esterline – Basic	$	0.95		$	1.16		$	1.22		$	(0.11	)	$	3.22
Earnings (Loss) Per Share Attributable to Esterline – Diluted:
Continuing Operations(1)	$	1.05		$	1.25		$	1.22		$	1.62		$	5.12
Discontinued Operations(1)		(0.12	)		(0.11	)		(0.03	)		(1.73	)		(1.96	)
Earnings (Loss) Per Share Attributable to Esterline – Diluted(1)	$	0.93		$	1.14		$	1.19		$	(0.11	)	$	3.16
Segment Information
Sales
Avionics & Controls	$	193,890		$	184,616		$	192,860		$	217,170		$	788,536
Sensors & Systems		181,774			205,111			192,246			192,238			771,369
Advanced Materials		110,276			121,134			121,203			138,651			491,264
	$	485,940		$	510,861		$	506,309		$	548,059		$	2,051,169
Earnings from Continuing Operations
Avionics & Controls	$	27,740		$	23,310		$	30,902		$	39,233		$	121,185
Sensors & Systems		20,632			23,124			18,055			24,290			86,101
Advanced Materials		18,008			30,179			27,724			28,922			104,833
Segment Earnings		66,380			76,613			76,681			92,445			312,119
Corporate expense		(15,219	)		(17,037	)		(16,142	)		(19,899	)		(68,297	)
Interest income		119			136			145			155			555
Interest expense		(8,625	)		(8,434	)		(7,865	)		(8,086	)		(33,010	)
Loss on extinguishment of debt		—			—			(533	)		—			(533	)
	$	42,655		$	51,278		$	52,286		$	64,615		$	210,834

(1) The sum of the quarterly per share amounts may not equal per share amounts reported for year-to-date periods. This is due to changes in the number of weighted average shares outstanding and the effects of rounding for each period.