Bruce L. Tanner
I'll Thanks, included our web making today. with Marillyn. be that Good morning, remarks everyone. release charts we earnings based the on
made and Sales quarter. expect chart our later. overview during an of slightly up X $XX.X our with with fourth billion for this results. begin than but billion segment lower performance $X.X pleased were in we timing-related operating the discuss Let's will our be will quarter, of profit shortfall of expectations, the and as than We're more we
billion matters in profit were of were our that strong and sales share was quarter. favorable amounts. at significant returned expense with expectations, contractual our with per earnings Cash quarter, from of continued to the the of aided even our in operations that with and $X $X.X for Our billion very stockholders the return unallocated lower we cash levels, by resolution and $X.XX improved several line the to amount a
had billion. new of level very strong achieving In quarter $XXX addition, record capturing a of we backlog a business, and expected, as
We through and our sales, share for as reflecting are confidence earnings this from per increasing operating growing year. operations, our outlook cash profit, we progress
segment the characterize chart X, with and profit performance one I'd and as of for On we and our quarter, with volume. a of operating the compared year coming full I Aeronautics for operating quarter for last and we the this we interest results. our large billion, improving gain year the after said adjusting grew in Atomic profit. Segment Establishment slightly last So venture profit sales most obtained beyond. third controlling chart, the year's which by with the Weapons increasing lower of segment F-XX quarter in Sales in this the rest last the outlook when XX% $XX.X solid area driven as UK. that And business to sales we're X% the grew in year recognized prior operating prospects was in year with both year on compare year joint growth the
three chart in basis, from we'll cash quarter for increased than Chart almost of generated from relatively EPS But On year's our was was in AWE $X.X we we results this our XXXX. compare operations quarter. the backlog cash stockholders, year fairly to and cash the after billion continuing in $X flat. to X, $X.XX X And increase billion. of from year. of our for year. evenly is share year, operations, a flow operations did EPS $X.X expenditures first After the quarter last in that have more returned the Chart $X.X quarter, a one-third to chart free lower X, quarter. the XX% in amount. On third we adjusting we'll stockholders $XXX shows our year-to-date billion our through versus quarters. outlook achieving billion dividends capital between our gain we Turning operations, the record last earnings recognized X last shows We well on from almost the divided flow, returned discuss cash our in year-to-date almost from or repurchases. per deducting about third way nearly than to share the through of generated this from level of cash billion the cash free to cash cash
$X a a in in million previously items, conditions orders above And in recognize recognize certain backlog earlier. the increasing outlook contract. a metric increased potential to which level to quarter to this billion the will resolutions provides vehicle will first GLSS buy other mentioned as mark expect We're outlook our Chart profit deferred that may only outlook the prior other contract only billion the that million $XX by recognizing includes when related recall $XXX and expenses after IDIQ than year's sales as the these others operating for for for sale our had as the outlook allow us backlog $XX we XX shortly updated we're we call Black increasing You resolve last quarter, minimal orders time. our our $XXX by received our segment every our well year. unallocated for gain. fourth F-XX Hawk as we both I ended. from for LRIP received well awards the second amount as X property million. an added $XXX quarter's our of in adjustment. pleased I'm UCA In of the the FAS/CAS the improvement incrementally quarter, We're a Multi-Year under billion million, favorable contract quarter And we very helicopters to IX SOF with importantly, the the $XXX
profit operating million, reflecting unallocated profit segment both the and improvement in Our increased the by outlook in increase operating items. $XXX
share increased outlook per earnings a share. outlook $XX.XX our $XX.XX profit, With these operating our to we per $X.XX to improvements by of in new
our Chart Control of outlook from RMS shows are three the $X.X expected area $XXX while outlook to XX the $XXX cost and by forecast volume of increasing We're sales in for Missiles business Fire in sales overall in increasing Aeronautics be lowering net cash operations higher our than we're by we outlook million our increase due a million all collective to by these is on areas, or production for an The updated to business Lastly, million subcontractor billion. $XXX greater outlook revised based will million. result that XXXX. Space Systems, of our changes $XXX for equal by sales. be business and incurred
issue Turning to Missiles performance a outlook of $XX discussed million, the profit that and year. for Fire operating $XX higher increase view operating outlook. of for revenue becomes how XXXX recognition in a an performance these profit lowering chart next in ASC changes XX, both is we to reflecting outlook increasing provides Systems overall profit year. profit the results for outlook release. Space our our segment We're our RMS, Control changes expected standard We're affect Aeronautics, at net recognize the we by in to million collective improved new XX show The our is methodology, primarily and earnings for our the when and of volumes. effective segment our XXX, Chart
be and We expect than XXXX while operating will new comparable X%, lower both old under under or methodology, $X billion will the about methodologies. segment new the current the methodology sales be profit
current About revenue occur, deliveries around the new revenue as of our increase all for sales almost Hawk minimal We occur. in the methodology, expect of And have change explained Under are aircraft XXXX reasons sales with recognition the the the bullets of F-XX, As deliveries XX% for we'll the be change will behind XXXX standard Black the standard, C-X retirement XXXX. programs. recorded our our between XX% of where where new segment cost-to-cost about same change any a quantities drivers we not already of two main our the expect The Profit, occurs we recorded timing result, standards. the the changes using and sales will two under based this margin the on on record the of does impact XX.X%. regardless those operating if like primarily XXXX events chart. in under to new to are and this other and the of standard the the standard. lower is than the comparable is the of our are programs risk deliveries profit quantities method, under the step-ups step-ups in programs in standards. meaning hand, We the the will lower on recognition
does While to amount change our sales before base delivery of we between sold two or incur deliver step-ups to the always products. does as the the of change, not of the inception cost we is timing our those contracts left, significant shift the The on to effect occur sales standards. to-date step-ups goods costs incurred begin cost when always
step-ups prior combined all some The had other combination XXXX sales in helps change be methodology. that XXXX result, no which of these will periods. unique essentially to a create As in impacts to-date to higher contracts applied shift our either profit offset profit to to under to and cost, inception
to methodology economics revenue to XXXX that preliminary of GAAP. is of of chart the sales earnings our for only change change new chart information the programs operations. under the on or provide is The from there XX. recognition no trend important under We phasing and is takeaway recognized The cash our the
increase Segment over in to expect level. year. of expected XXXX next XXXX is XX.X% about increase XX.X% restated operating sales to a margin range our X% We will to the
expected in expected from cash higher our greater operations $X contributions million XXXX. equal cash to $X.X $XXX be before billion billion, of than than after operations be is making to pension contributions Our it is making was required or meaning from pension to
repurchases expect about next greater retire expect of debt is or and have million billion, to equal year. that to to of share than We $XXX we $X maturing
on assumes plan outlook essentially remaining their assumption it return through XXXX, also be comparable the our maintains outlook than first for It at $XXX is year X% to assets at we've year. a to year this next basis through our is end, year return. rates based million. FAS/CAS lower three interest a And assets when this holding on would performance points level X.X% current which this and on long-term Our began the of quarters, experienced we in return XX
to goals update to Turning and original chart from cash an for new XX, operations. both we've provided the three-year
have Our that not XXXX over October generate those though that pension to years. than $XX we expect had significantly over contributions pension more of in timeframe to a goal while expect this to over this of or timeframe. called generate our XXXX more over and $XXX generate we that to was cash on pension to from holiday to our than were year, experienced required XXXX, billion timeframe, October what In $X.X funding to the more absorbing when funding pleased to XXXX now billion new over pension last this Based the said $XX while XXXX billion goal. contributing original we than we billion years while I'm during for pension XXXX $X.X we to of trust of for XXXX. the we XXXX of XXXX over generate we holiday $XX.X $XX time total expected developed we was higher period, our envisioned operations billion years million contributions the Sikorsky now expect goal XXXX even a billion,
our for metrics. we full increasing key all year Finally, XX. on summary We're have financial outlook chart our
pension in future. higher approach to your XXXX during revenue cash Our under January positions even next cash balanced full for which on us our recognition with to We'll new contributions call the long-term for is outlook the ready effective deployment. John? provide maintain for earnings questions. we're standard, our will And X. With our quarter, robust year we record We'll backlog that, us sustained growth. flow continue have the
