Alliant Techsystems Notes 17% Jump in Quarterly Profit

Summary


Alliant Techsystems Inc., which has Utah operations in Magna, Clearfield and Promontory, said Thursday that its fiscal third- quarter profit rose 17 percent because of tax-related gains.

Net income climbed to $41.9 million, or $1.06 a share, from $35.7 million, or 91 cents, a year earlier. Sales in the quarter ended Dec. 28 increased 8.5 percent to $563.8 million, the company, based in Edina, Minn., said in a statement.

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Alliant Techsystems Notes 17% Jump in Quarterly Profit

Alliant, the largest supplier of ammunition and rocket motors to the U.S. military, said its earnings were helped by a gain of 18 cents a ...

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