Intermec, Inc. - FORM 8-K - EX-99.1 - EXHIBIT FOR Q4 ER

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8-K - INTERMEC Q4 EARNINGS RELEASE - Intermec, Inc.	q4-8ker.htm

Intermec, Inc.

6001 36PthP Avenue West

Everett, WA 98203-1264

HTUwww.intermec.comUTH

FOR IMMEDIATE RELEASE

Contact:

Kevin McCarty

Director, Investor Relations

Intermec, Inc.

425-265-2472

HTUkevin.mccarty@intermec.comUTH

INTERMEC REPORTS FOURTH QUARTER AND FULL YEAR 2009 RESULTS

§	Q4 Revenue of $179.1 Million, up 13% sequentially

§	Gross Margin of 39.7% up 1.1 Percentage Points sequentially

§	Earnings from Continuing Operations result in GAAP EPS of $0.10

§	Earnings from Continuing Operations result in Adjusted EPS of $0.12, excluding restructuring

EVERETT, Wash. – February 4, 2010 – Intermec, Inc. (NYSE: IN) today announced financial results for its fourth quarter, which ended December 31, 2009.

Fourth quarter 2009 revenues were $179.1 million and net earnings from continuing operations were $6.0 million, or $0.10 per diluted share, compared to 2008 fourth quarter revenues of $221.5 million and net earnings from continuing operations of $9.3 million, or $0.15 per diluted share.

“Intermec delivered sequential growth with fourth quarter revenue and earnings above our guidance,” said Patrick J. Byrne, Intermec President and CEO, “With our lowered break-even point, new products and expanded channel we are well positioned for the market recovery.”

The following table presents our GAAP earnings before taxes, net earnings, and diluted earnings per share all from continuing operations as reported for the fourth quarters of 2009 and 2008, and as adjusted by excluding the impact of restructuring charges.

	Quarter Ended December 31, 2009						Quarter Ended December 31, 2008
($ in millions, except per share amounts)	Earnings from continuing operations before taxes		Net earnings from continuing operations		Diluted earnings per share from continuing operations		Earnings from continuing operations before taxes		Net earnings from continuing operations		Diluted earnings per share from continuing operations
Earnings as reported	$	7.4	$	6.0	$	0.10	$	8.5	$	9.3	$	0.15
Restructuring charges		1.9		1.6		0.02		2.4		1.6		0.03
Earnings as adjusted	$	9.3	$	7.6	$	0.12	$	10.9	$	10.9	$	0.18

Excluding these charges the non-GAAP adjusted net earnings from continuing operations for the fourth quarter of 2009 were $7.6 million, or $0.12 per diluted share, as described in the Non-GAAP (Adjusted) Financial Measures section of this release.

Operating profits from continuing operations for the fourth quarter of 2009 were $7.3 million, or 4.1% of total revenue compared with $7.6 million, or 3.4% of total revenue, in the fourth quarter of 2008. Excluding the impact of restructuring charges the non-GAAP adjusted operating profits from continuing operations were $9.3 million, or 5.2% of total revenue compared with $10.0 million, or 4.5% of total revenue, in the fourth quarter of 2008.

Full year 2009 revenues were $658.2 million and net loss from continuing operations was ($10.9) million or ($0.17) per diluted share. Full year 2009 results included pre-tax restructuring charges of $20.6 million or $0.22 per diluted share.

Full year 2008 revenues were $890.9 million and net earnings from continuing operations were $35.7 million, or $0.58 per diluted share. Full year 2008 results included pre-tax restructuring charges of $5.7 million or $0.06 per diluted share.

The following table presents our GAAP earnings before taxes, net earnings, and diluted earnings per share all from continuing operations as reported for full years 2009 and 2008, and as adjusted by excluding the impact of restructuring charges.

	Year Ended December 31, 2009									Year Ended December 31, 2008
($ in millions, except per share amounts)	(Loss) earnings from continuing operations before taxes			Net (loss) earnings from continuing operations			Diluted (loss) earnings per share from continuing operations			Earnings from continuing operations before taxes		Net earnings from continuing operations		Diluted earnings per share from continuing operations
Earnings as reported	$	(19.1	)	$	(10.9	)	$	(0.17	)	$	49.3	$	35.7	$	0.58
Restructuring charges		20.6			13.5			0.22			5.7		3.7		0.06
Earnings as adjusted	$	1.5		$	2.6		$	0.05		$	55.0	$	39.4	$	0.64

Excluding these charges the non-GAAP adjusted net earnings from continuing operations for full year 2009 were $2.6 million, or $0.05 per diluted share, as described in the Non-GAAP (Adjusted) Financial Measures section of this release.

Fourth Quarter 2009 Operating Performance

§	Total revenues of $179.1 million were down 19% from the prior-year quarter, down 22% when adjusting for currency translation. Sequentially, total revenues increased by 13%.

§	Geographically, compared to the prior-year quarter, revenues in North America declined 33%. In Europe, Middle East and Africa (EMEA) revenues declined 8%, down 16% when adjusting for currency translation. Latin America increased 43%, while Asia Pacific (APAC) was virtually flat.

Sequentially, revenues in North America increased 4%, EMEA increased 17%, Latin American increased 78%, and APAC decreased 12%.

§	From a product line perspective, compared to the prior-year quarter, Systems and Solutions revenue decreased 28%, Printer and Media revenue declined 5% and Service revenue was down 4%.

Sequentially, Systems and Solutions revenue increased 14%, Printer and Media revenue increased 9% and Service revenue improved by 13%.

§	Gross profit margins of 39.7% increased 0.5 percentage points over the prior-year period. Product gross margins of 38.3% decreased 0.2 percentage points compared to the fourth quarter of 2008. Service gross margins of 45.3% increased 2.6 percentage points over the fourth quarter of 2008.

Sequentially, total gross profit margins increased 1.1 percentage points, product gross margins increased 1.3 percentage points and service gross margins increased 0.6 percentage points.

Operating expenses excluding restructuring charges of $1.9 million were $61.9 million in the quarter, lower by 19% compared to $76.8 million in the fourth quarter 2008 excluding comparable restructuring charges of $2.4 million. Total operating expenses for these same periods were $63.8 million and $79.2 million, respectively.

During the quarter, the company recorded a favorable resolution of a federal tax audit. This adjustment was the primary factor which reduced our normalized tax provision to $1.4 million for the quarter. In the fourth quarter of 2008, the company recorded favorable tax adjustments of approximately $4.0 million as a result of the company’s new manufacturing structure and future foreign income expectations. This adjustment more than offset our normalized tax provision which resulted in a tax benefit of $0.8 million for the prior year quarter.

§	Operating cash flow was $3.3 million for the quarter and $21.4 million for the full year, including restructuring payment impacts of $19.0 million. The Company’s cash, cash equivalents, and short-term investments remained essentially flat at $238.2 million for the quarter. The Company has no debt.

Outlook – First Quarter 2010

Intermec announced its financial guidance for the first quarter of 2010.

§	Q1’10 Revenues are expected to be within a range of $155 to $165 million, compared to Q1’09 Revenues of $163 million.

§	Q1’10 Earnings per share are expected to be within a range of ($0.01) to $0.03 per diluted share from continuing operations on a GAAP basis, compared to Q1’09 GAAP EPS loss of ($0.17).

§	Excluding restructuring charges of approximately $2 million, Q1’10 earnings per share on a Non-GAAP basis are expected to be $0.01 to $0.05, compared to Q1’09 Non-GAAP basis an EPS loss of ($0.08).

Conference Call Information

Intermec will hold its conference call on February 4, 2010 at 5 p.m. ET (2 p.m. PT). The dial-in number for participants is (517) 308-9381 (US and International); Passcode: (“Intermec”). The call will be broadcast on the Internet via a link from the investor’s Web page at HTUwww.intermec.com/InvestorRelationsUTH

###

Non-GAAP (Adjusted) Financial Measures

This press release includes non-GAAP (adjusted) financial measures for earnings (loss) from continuing operations before taxes, net (loss) earnings, and earnings (loss) per diluted share. It also includes an outlook for the first quarter 2010 non-GAAP (adjusted) earnings from continuing operations per diluted share. Reconciliations of each of these non-GAAP financial measures to the most directly comparable GAAP financial measures are detailed in the Reconciliation of GAAP to Non-GAAP Net Earnings attached to this press release.

Our non-GAAP measures should be read in conjunction with the corresponding GAAP measures. The non-GAAP measures should be considered in addition to and not as an alternative or substitute for the measures prepared in accordance with generally accepted accounting principles.

We believe that excluding restructuring charges (principally related to severance costs in connection with distinct organizational initiatives to reduce costs and improve operational efficiency) provides supplemental information useful to investors’ and management’s understanding of the company’s core operating results, especially when comparing those results on a consistent basis to results for previous periods and anticipated results for future periods.

About Intermec, Inc.

Intermec Inc. (NYSE:IN) develops and integrates products, services and technologies that identify, track and manage supply chain assets and information. Core technologies include rugged mobile computing and data collection systems, bar code printers, label media, and RFID. The company’s products and services are used by customers in many industries worldwide to improve the productivity, quality and responsiveness of business operations. For more information about Intermec, visit HTUwww.intermec.comUTH or call 800-347-2636.

(Forward-looking Statements)

Statements made in this release and related statements that express Intermec’s or our management’s intentions, indications, beliefs, expectations, guidance, estimates, forecasts or predictions of the future constitute forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, and relate to matters that are not historical facts. They include, without limitation, statements regarding: our cost reduction plans; our view of general economic and market conditions; and our revenue, expense, earnings or financial outlook for the first quarter of 2010 or any current or future period. They also include statements about our ability to develop, produce, market or sell our products, either directly or through third parties, reduce or control expenses, improve efficiency, realign resources, continue operational improvement and year-over-year or sequential growth, and about the applicability of accounting policies used in our financial reporting. These statements represent beliefs and expectations only as of the date they were made. We may elect to update forward-looking statements but we expressly disclaim any obligation to do so, even if our beliefs and expectations change. Actual results may differ from those expressed or implied in our forward-looking statements. Such forward-looking statements involve and are subject to certain risks and uncertainties which may cause our actual results to differ materially from the discussed in a forward looking statement. These include, but are not limited to, risks and uncertainties described more fully in our reports filed or to be filed with the Securities and Exchange Commission including, but not limited to, our annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on our website at www.intermec.com.

INTERMEC, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, amounts in thousands except per share amounts)

	Three Months Ended						Twelve Months Ended
	December			December			December			December
		31, 2009			31, 2008			31, 2009			31, 2008
Revenues
Product	$	141,778		$	182,670		$	519,603		$	738,426
Service		37,348			38,790			138,602			152,457
Total revenues		179,126			221,460			658,205			890,883

Costs and expenses
Cost of product revenues		87,545			112,374			331,128			448,216
Cost of service revenues		20,430			22,239			78,519			87,881
Research and development		14,213			17,212			59,566			67,899
Selling, general and administrative		47,687			59,590			187,867			232,983
Restructuring		1,947			2,411			20,577			5,748
Flood related charge		-			-			-			1,122
Total costs and expenses		171,822			213,826			677,657			843,849

Operating profit (loss) from continuing operations		7,304			7,634			(19,452	)		47,034
Interest income		385			1,067			1,312			4,787
Interest expense		(282	)		(229	)		(995	)		(2,520	)
Earnings (loss) from continuing operations before income taxes		7,407			8,472			(19,135	)		49,301
Income tax expense (benefit)		1,400			(808	)		(8,263	)		13,615
Earnings (loss) from continuing operations		6,007			9,280			(10,872	)		35,686
Loss from discontinued operations, net of tax		(971	)		-			(971	)		-
Net earnings (loss)	$	5,036		$	9,280		$	(11,843	)	$	35,686

Basic earnings (loss) per share
Continuing operation	$	0.10		$	0.15		$	(0.17	)	$	0.58
Discontinued operation		(0.02	)		-			(0.02	)		-
Net earnings (loss) per share	$	0.08		$	0.15		$	(0.19	)	$	0.58

Diluted earnings (loss) per share
Continuing operation	$	0.10		$	0.15		$	(0.17	)	$	0.58
Discontinued operation		(0.02	)		-			(0.02	)		-
Net earnings (loss) per share	$	0.08		$	0.15		$	(0.19	)	$	0.58


Shares used in computing basic earnings (loss) per share		61,788			61,374			61,644			61,183
Shares used in computing diluted earnings (loss) per share		61,954			61,652			61,644			61,658

INTERMEC, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited, amounts in thousands)

	December 31,			December 31,
		2009			2008
ASSETS

Current assets:
Cash and cash equivalents	$	201,884		$	221,335
Short-term investments		36,301			156
Accounts receivable, net of allowance for doubtful accounts
and sales returns of $10,333 and $10,789		106,890			138,549
Inventories, net		102,637			116,949
Current deferred tax assets		51,140			56,295
Other current assets		16,826			14,405
Total current assets		515,678			547,689

Property, plant and equipment, net		37,383			41,348
Other acquired intangibles, net		2,587			3,521
Deferred tax assets		182,457			167,834
Other assets		34,404			29,503
Total assets	$	772,509		$	789,895

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	103,707		$	112,772
Payroll and related expenses		20,683			24,799
Deferred revenue		39,038			38,712
Total current liabilities		163,428			176,283

Long-term deferred revenue		22,010			25,980
Pension and other postretirement benefits liability		81,897			92,129
Other long-term liabilities		14,891			13,747

Commitments

Shareholders' equity
Common stock (250,000 shares authorized, 62,203 and 61,766 shares issued and outstanding)		622			618
Additional paid-in-capital		703,590			694,296
Accumulated deficit		(174,245	)		(162,402	)
Accumulated other comprehensive loss		(39,684	)		(50,756	)
Total shareholders' equity		490,283			481,756
Total liabilities and shareholders' equity	$	772,509		$	789,895

INTERMEC, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
	Twelve months ended
	December 31,			December 31,
	2009			2008
Cash and cash equivalents at beginning of the year	$	221,335		$	237,247

Cash flows from operating activities of continuing operations:
Net (loss) earnings		(11,843	)		35,686
Loss from discontinued operations		971			-
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities
Depreciation and amortization		15,913			16,493
Deferred taxes		(12,169	)		9,759
Stock-based compensation and other		7,875			7,027
Excess tax benefit from stock-based payment arrangements		-			(937	)
Changes in operating assets and liabilities:
Accounts receivable		31,211			52,938
Inventories		13,972			(7,781	)
Accounts payable and accrued expenses		(8,959	)		(25,853	)
Payroll and related expenses		(4,116	)		(7,371	)
Deferred revenue		(4,160	)		(3,740	)
Other operating activities		(7,332	)		(5,733	)
Net cash provided by operating activities of continuing operations		21,363			70,488

Cash flows from investing activities:
Additions to property, plant and equipment		(11,038	)		(13,766	)
Purchases of investments		(35,790	)		(760	)
Sale of investments		-			28,515
Proceeds from sale of property, plant and equipment		1,867			5,497
Capitalized patent legal fees		(4,704	)		(3,637	)
Other investing activities		(100	)		600
Net cash (used in) provided by investing activities		(49,765	)		16,449

Cash flows from financing activities:
Repayment of debt		-			(100,000	)
Excess tax benefit from stock-based payment arrangements		-			937
Other financing activities		2,150			7,097
Net cash provided by (used in) financing activities		2,150			(91,966	)

Effect of exchange rate changes on cash and cash equivalents		6,801			(10,883	)

Resulting decrease in cash and cash equivalents		(19,451	)		(15,912	)

Cash and cash equivalents at end of the year	$	201,884		$	221,335

INTERMEC, INC.
RECONCILIATION OF GAAP TO NON-GAAP NET EARNINGS
(Unaudited, amounts in thousands except per share amounts)

	Three Months Ended																		Three Months Ended
	December			Non-GAAP			Adjusted December			December			Non-GAAP			Adjusted December			September			Non-GAAP			Adjusted September
		31, 2009		Adjustments				31, 2009			31, 2008		Adjustments				31, 2008			27, 2009		Adjustments				27, 2009
Revenues
Product	$	141,778					$	141,778		$	182,670					$	182,670		$	125,822					$	125,822
Service		37,348						37,348			38,790						38,790			32,969						32,969
Total revenues		179,126						179,126			221,460						221,460			158,791						158,791
Costs and expenses
Cost of product revenues		87,545						87,545			112,374						112,374			79,289						79,289
Cost of service revenues		20,430						20,430			22,239						22,239			18,239						18,239
Research and development		14,213						14,213			17,212						17,212			14,065						14,065
Selling, general and administrative		47,687						47,687			59,590						59,590			44,460						44,460
Restructuring		1,947		$	(1,947	)		-			2,411		$	(2,411	)		-			2,703		$	(2,703	)		-
Total costs and expenses		171,822			(1,947	)		169,875			213,826			(2,411	)		211,415			158,756			(2,703	)		156,053
Operating profit from continuing operations		7,304			1,947			9,251			7,634			2,411			10,045			35			2,703			2,738
Interest income		385						385			1,067						1,067			325						325
Interest expense		(282	)					(282	)		(229	)					(229	)		(261	)					(261	)
Earnings from continuing operations before income taxes		7,407			1,947			9,354			8,472			2,411			10,883			99			2,703			2,802
Income tax expense (benefit)		1,400			319			1,719			(808	)		782			(26	)		35			963			998
Earnings from continuing operations		6,007			1,628			7,635			9,280			1,629			10,909			64			1,740			1,804
Loss from discontinued operations, net of tax		(971	)		-			(971	)		-			-			-			-			-			-
Net earnings	$	5,036		$	1,628		$	6,664		$	9,280		$	1,629		$	10,909		$	64		$	1,740		$	1,804

Basic earnings (loss) per share
Continuing operation	$	0.10		$	0.02		$	0.12		$	0.15		$	0.03		$	0.18		$	0.00		$	0.03		$	0.03
Discontinued operation		(0.02	)		-			(0.02	)		-			-			-			-			-			-
Net earnings per share	$	0.08		$	0.02		$	0.10		$	0.15		$	0.03		$	0.18		$	0.00		$	0.03		$	0.03

Diluted earnings (loss) per share
Continuing operation	$	0.10		$	0.02		$	0.12		$	0.15		$	0.03		$	0.18		$	0.00		$	0.03		$	0.03
Discontinued operation		(0.02	)		-			(0.02	)		-			-			-			-			-			-
Net earnings per share	$	0.08		$	0.02		$	0.10		$	0.15		$	0.03		$	0.18		$	0.00		$	0.03		$	0.03
Shares used in computing basic earnings (loss) per share		61,788			61,788			61,788			61,374			61,374			61,374			61,714			61,714			61,714
Shares used in computing diluted earnings (loss) per share		61,954			61,954			61,954			61,652			61,652			61,652			62,062			62,062			62,062

INTERMEC, INC.

RECONCILIATION OF GAAP TO NON-GAAP NET EARNINGS

(Unaudited, amounts in thousands except per share amounts)

	Twelve Months Ended
	December			Non-GAAP			Adjusted December			December			Non-GAAP			Adjusted December
		31, 2009		Adjustments				31, 2009			31, 2008		Adjustments				31, 2008
Revenues
Product	$	519,603					$	519,603		$	738,426					$	738,426
Service		138,602						138,602			152,457						152,457
Total revenues		658,205						658,205			890,883						890,883

Costs and expenses
Cost of product revenues		331,128						331,128			448,216						448,216
Cost of service revenues		78,519						78,519			87,881						87,881
Research and development		59,566						59,566			67,899						67,899
Selling, general and administrative		187,867						187,867			232,983						232,983
Restructuring		20,577		$	(20,577	)		-			5,748		$	(5,748	)		-
Flood related charge		-						-			1,122						1,122
Total costs and expenses		677,657			(20,577	)		657,080			843,849			(5,748	)		838,101

Operating (loss) profit from continuing operations		(19,452	)		20,577			1,125			47,034			5,748			52,782
Interest income		1,312						1,312			4,787						4,787
Interest expense		(995	)					(995	)		(2,520	)					(2,520	)
(Loss) earnings from continuing operations before income taxes		(19,135	)		20,577			1,442			49,301			5,748			55,049
Income tax (benefit) expense		(8,263	)		7,052			(1,211	)		13,615			2,004			15,619
(Loss) earnings from continuing operations		(10,872	)		13,525			2,653			35,686			3,744			39,430
Loss from discontinued operations, net of tax		(971	)		-			(971	)		-			-			-
Net (loss) earnings	$	(11,843	)	$	13,525		$	1,682		$	35,686		$	3,744		$	39,430

Basic (loss) earnings per share
Continuing operation	$	(0.17	)	$	0.22		$	0.05		$	0.58		$	0.06		$	0.64
Discontinued operation		(0.02	)		-			(0.02	)		-			-			-
Net (loss) earnings per share	$	(0.19	)	$	0.22		$	0.03		$	0.58		$	0.06		$	0.64

Diluted (loss) earnings per share
Continuing operation	$	(0.17	)	$	0.22		$	0.05		$	0.58		$	0.06		$	0.64
Discontinued operation		(0.02	)		-			(0.02	)		-			-			-
Net (loss) earnings per share	$	(0.19	)	$	0.22		$	0.03		$	0.58		$	0.06		$	0.64

Shares used in computing basic (loss) earnings per share		61,644			61,644			61,644			61,183			61,183			61,183
Shares used in computing diluted (loss) earnings per share		61,644			61,884			61,884			61,658			61,658			61,658

INTERMEC, INC.
RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK FOR THE QUARTER ENDED MARCH 28, 2010
(Unaudited)

	Diluted (loss) earnings per share

As reported	$	(0.01) to 0.03
Restructuring charge		0.02
As adjusted	$	0.01 to 0.05

INTERMEC, INC.
SUPPLEMENTAL SALES INFORMATION
(Unaudited, amounts in thousands)

	Three Months Ended													Three Months Ended
	December 31, 2009		Percent of Revenues			December 31, 2008		Percent of Revenues			Percent Change in Revenues			September 27, 2009		Percent of Revenues			Percent Change in Revenues
Revenues by category:
Systems and solutions	$	100.7		56.2	%	$	139.5		63.0	%		-27.8	%	$	88.1		55.5	%		14.3	%
Printer and media		41.1		23.0	%		43.2		19.5	%		-4.9	%		37.7		23.7	%		9.0	%
Total product		141.8		79.2	%		182.7		82.5	%		-22.4	%		125.8		79.2	%		12.7	%
Service		37.3		20.8	%		38.8		17.5	%		-3.9	%		33.0		20.8	%		13.0	%
Total revenues	$	179.1		100.0	%	$	221.5		100.0	%		-19.1	%	$	158.8		100.0	%		12.8	%

	Twelve Months Ended
	December 31, 2009		Percent of Revenues			December 31, 2008		Percent of Revenues			Percent Change in Revenues
Revenues by category:
Systems and solutions	$	368.2		55.9	%	$	542.1		60.8	%		-32.1	%
Printer and media		151.4		23.0	%		196.3		22.0	%		-22.9	%
Total product		519.6		78.9	%		738.4		82.8	%		-29.6	%
Service		138.6		21.1	%		152.5		17.2	%		-9.1	%
Total revenues	$	658.2		100.0	%	$	890.9		100.0	%		-26.1	%

	Three Months Ended													Three Months Ended
	December 31, 2009		Percent of Revenues			December 31, 2008		Percent of Revenues			Percent Change in Revenues			September 27, 2009		Percent of Revenues			Percent Change in Revenues
Revenues by geographic region:
North America	$	92.3		51.5	%	$	137.0		61.9	%		-32.6	%	$	89.0		56.0	%		3.7	%
Europe, Middle East and Africa		53.4		29.8	%		58.3		26.3	%		-8.4	%		45.9		28.9	%		16.3	%
All others		33.4		18.7	%		26.2		11.8	%		27.5	%		23.9		15.1	%		39.7	%
Total revenues	$	179.1		100.0	%	$	221.5		100.0	%		-19.1	%	$	158.8		100.0	%		12.8	%

	Twelve Months Ended
	December 31, 2009		Percent of Revenues			December 31, 2008		Percent of Revenues			Percent Change in Revenues
Revenues by geographic region:
North America	$	373.2		56.7	%	$	492.8		55.3	%		-24.3	%
Europe, Middle East and Africa		186.8		28.4	%		290.4		32.6	%		-35.7	%
All others		98.2		14.9	%		107.7		12.1	%		-8.8	%
Total revenues	$	658.2		100.0	%	$	890.9		100.0	%		-26.1	%

Attached files

Intermec, Inc. Reports

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