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Booz Allen Hamilton Holding Corporation (NYSE:BAH), the US public consultancy firm focusing on defense and homeland security matters, on June 7 announced preliminary results for the fourth quarter and full year of its fiscal 2011 with significant revenue and earnings growth over the prior year.

Full Fiscal Year 2011 -- Net income increased to $84.7 million from $25.4 million in fiscal 2010 and Adjusted Net Income increased to $157.5 million from $97.0 million in fiscal 2010. Diluted EPS increased to $0.66 per share from $0.22 per share in fiscal 2010. federal government.

Fourth Quarter 2011 -- In the fourth quarter of fiscal 2011, net income increased to $18.1 million from $4.9 million in the prior year period and Adjusted Net Income increased to $50.5 million from $20.1 million in the prior year period.

Ralph W. Shrader, Booz Allen Chairman, Chief Executive Officer, and President, said, grew revenue in all of our major markets defense, intelligence, and civil for the full fiscal year and the fourth quarter. Additionally, we saw profitability gains due in part to a larger percentage of higher-margin, fixed-price work. Our ability to grow even in a challenging and uncertain budget environment is testament to our unique management consulting heritage, collaborative culture, and continued ability to deliver value and enduring results to our clients.

Financial Outlook -- Booz Allen currently forecasts revenue growth and margin improvements to continue, with top-line revenue in fiscal 2012 expected to be in the range of mid-single digits for the first half of the fiscal year, with higher growth rates expected in the second half of the year, similar to the pattern we experienced in our fiscal 2011. Actual results could differ materially.

EnerSys the global manufacturer of stored energy solutions for industrial applications, announced on May 31 results for its fourth quarter of fiscal 2011, which ended on March 31, 2011.

Net earnings for the twelve months of fiscal 2011 were $113.4 million, or $2.27 per diluted share, and included the unfavorable impact from highlighted charges of $0.25 per share. Highlighted charges include $5.4 million, $6.8 million pre-tax, for restructuring plans, $5.3 million, $8.2 million pre-tax, for charges from the refinancing activities. Net earnings for the twelve months of fiscal 2010 were $62.3 million, or $1.28 per diluted share.

Net sales for the twelve months of fiscal 2011 were $1,964.4 million, an increase of 24% from the net sales of $1,579.4 million in the comparable period of fiscal 2010. The 24% increase was the result of an 18% increase in organic volume, 4% increase due to pricing, 4% increase from acquisitions, partially offset by a 2% decrease from foreign currency translation impact.

"We are pleased with our previously reported full year earnings of $2.52 per diluted share on an as adjusted basis," stated John D. Craig, chairman, president and chief executive officer of EnerSys. "Our adjusted operating earnings as a percent of sales met our 10% target for the third consecutive quarter in spite of increases in commodity costs and our ongoing Asian market development expenses. Orders and backlog continue to trend positively and we expect continued strong operating results in our first quarter of fiscal 2012."

Mr. Actual results could differ materially.

ENS, Energy

Esterline Corporation, a leading specialty manufacturer serving aerospace/defense markets, on June 1 reported fiscal 2011 second quarter (ended April 29) income from continuing operations of $46.0 million, or $1.47 per diluted share, on sales of $435.3 million. Representing 13.8% growth in sales over last year $382.5 million, and a 57.9% growth in income over last year $29.1 million. Diluted earnings per share of $1.47 were up 50% over the prior year level of $0.96 per diluted share.

Brad Lawrence, Esterline Chief Executive Officer, said three of our business segments continued to post solid performance improvement over last year due primarily to commercial aircraft market strength including spare parts, retrofit programs and growing OEM positions. Lawrence said, spare parts business was particularly strong in the first half of the year due to pent-up demand from airlines recovering from the downturn. He said, spare parts business is difficult to forecast, we are expecting demand to moderate somewhat over the remainder of our fiscal year. He added that Esterline second quarter also benefitted from a retroactive price settlement regarding scope changes to the 787 program and two ongoing retrofit programs of Boeing 737s.

On the defense side of Esterline business, Lawrence said federal budget deliberations, which took place during the quarter, have affected several programs, particularly those not related to aircraft, namely international countermeasure flares and military headset businesses. He said the company expects this trend to continue as these program delivery schedules clearly being stretched and moved to the right. He emphasized confidence, however, in Esterline strong overall defense sales funnel and solid order book for both new and retrofit aircraft. sol republic headphones new production F-35 Joint Strike Fighter and T-6B trainer programs should continue to be solid contributors to Esterline performance, Lawrence said, the need to extend the life of older aircraft through avionic retrofits plays right to our strengths.

In addition to Esterline principal aerospace and defense business, Lawrence cited the relatively broad-based strength from applications of its core technology into such diverse end-markets as medical capital equipment and high-speed rail networks.

Lawrence said, markets improve and new growth opportunities emerge, Esterline is in a very good position to benefit. He added that the company expects significantly improved performance this year over last year record levels, and raised full-year earnings guidance to the range of $4.80 to $4.95 per share compared to $4.27 in 2010. Actual results could differ materially.

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