Intermec Reports Prelim Q1 Revs $179.7M vs $179.8M Est; EPS $(0.21) vs $(0.23) Est

Q1 Revenue increased year over year to $179.7 million Preliminary GAAP EPS ($0.27) per fully diluted share; Non-GAAP EPS of ($0.21) Adjusted EBITDA of ($6.9) million Final results subject to impairment analysis and deferred tax asset balances Intermec, Inc. IN today announced preliminary financial results for its first quarter ended April 1, 2012. First quarter 2012 revenues were $179.7 million, with preliminary net (loss) on a GAAP basis of ($16.4) million or ($0.27) per diluted share. That compares to 2011 first quarter revenues of $178.5 million and net loss on a GAAP basis of ($6.1) million or ($0.10) per diluted share. Excluding acquisition-related costs and other adjustments totaling $3.7 million (detailed below), the Adjusted Non-GAAP operating loss for the quarter was $($12.7) million or ($0.21) per diluted share, as compared with Non-GAAP operating loss of ($0.1) million or ($0.01) per diluted share, for the 2011 quarter.