Raytheon Co. said its fourth-quarter normalized net income amounted to $507.4 million.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin was 8.1%.
Total revenue came to $6.24 billion, and total operating expenses came to $5.38 billion.
Reported net income totaled $535.4 million, or $1.82 per share.
For the year, the company's normalized net income totaled $6.59 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $7.46.
EPS rose from $5.51 in the prior year.
Normalized net income was $1.93 billion, an increase from $1.66 billion in the prior year.
Full-year total revenue increased from the prior-year period to $24.07 billion from $23.25 billion, and total operating expenses increased on an annual basis to $20.83 billion from $20.38 billion.
The company said reported net income grew on an annual basis to $2.18 billion, or $7.44 per share, in the full year, from $2.03 billion, or $6.75 per share.
