Intermec, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2012
For the year, total revenues were $790,093,000 and net loss was $282,503,000 or $4.68 per diluted and basic share compared to total revenues of $848,181,000 and net loss of $30,757,000, or $0.51 per diluted and basic share a year ago. Operating loss was $63,685,000 against $6,245,000 a year ago. Loss before income taxes was $66,464,000 against $8,489,000 a year ago. Non-GAAP operating profit was $12,312,000 against $33,504,000 a year ago. Net used in operating activities was $2,390,000 against net cash provided by operating activities of $14,335,000 a year ago. Additions to property, plant and equipment was $9,510,000 against $19,559,000 a year ago. Non-GAAP earnings were $2.3 million or $0.03 per share against $19.4 million or $0.33 per share a year ago. Adjusted EBITDA was $39.0 million against $62.3 million a year ago.
For the quarter, the company reported impairment of goodwill of $4,549,000.