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ADC Reports Fourth Quarter 2009 Financial Results.
* Completes transition to new fiscal year with solid performance for two-month quarter
* Generates positive cash flow from continuing operations of $86.0 million for the 11-month fiscal year * Previously announced restructuring actions continue; positions the company for long-term operating leverage MINNEAPOLIS -- ADC (NASDAQ: ADCT), today announced unaudited results for its two-month fourth quarter ended September 30, 2009. As previously announced, ADC changed its fiscal year end to September 30 from October 31. The company reported fourth quarter revenue of $183.9 million and GAAP loss from continuing operations of $19.2 million, or $0.20 per share. The GAAP loss includes certain after-tax charges of $25.5 million. Excluding these charges, the non-GAAP (adjusted) net earnings for the quarter were $6.3 million, or $0.06 per share. The company generated cash from continuing operations of $27.3 million for the two-month quarter and $86.0 million for the 1...See the full content of this document
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