The financial results for the fourth quarter of Intermec, Inc. (NYSE: IN), ending on 31st December 2009, was announced today.
The income for the 2009 end of Quarter, Fourth Quarter, was $179.1 million. Net earnings for the same quarter resulting from ongoing operations were $6.0 million; this translates to a diluted share amount of $0.10. When compared to the end of Quarter results for 2008, Fourth Quarter, the total income fell over the 2009 business year by $42.9 million. Also the ongoing operations net earnings fell approximately 3.3 million which amounted to a $0.05 loss in value per diluted share. As Patrick J. Byrne, President and CEO of Intermec, puts it, with fourth quarter revenue and income, Intermec witnessed sequential growth; Intermec is suitably positioned to recover in the market, thanks to its innovative product line, expanded channel and lower ceiling for breaking even. The company’s pre- tax GAAP income, net income and diluted income per share from a total of the continuing operations are represented below, based on the reports for the fourth quarters of both 2008 and 2009, after adjusting by taking out the effect of restructuring changes. EQ Dec. 31, 2009
| Total Earnings | Net Earnings | Diluted Earnings Per Share | |
| Reported Earnings | 7.4 | 6.0 | 0.10 |
| Restructure Charges | 1.9 | 1.6 | 0.02 |
| Adjusted Earnings | 9.3 | 7.6 | 0.12 |
| EQ Dec. 31, 2008 | |||
| Reported Earnings | 8.5 | 9.3 | 0.15 |
| Restructure Charges | 2.4 | 1.6 | 0.03 |
| Adjusted Earnings | 10.9 | 10.9 | 0.18 |
