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Tyco Reports First Quarter 2013 Earnings From Continuing Operations Before Special Items Of $0.40 Per Share And GAAP Earnings Of

  Tyco Reports First Quarter 2013 Earnings From Continuing Operations Before
    Special Items Of $0.40 Per Share And GAAP Earnings Of $0.34 Per Share

-- The Company reports first quarter revenue of $2.6 billion, with 5% revenue
growth and 1% organic growth

-- Diluted EPS from continuing operations before special items increases 11%
over normalized first quarter 2012 results*

-- Tyco's Board of Directors proposes for shareholder approval a 7% annual
dividend increase

-- The Board of Directors increases authorization for share repurchases to
$750 million

PR Newswire

SCHAFFHAUSEN, Switzerland, Jan. 29, 2013

SCHAFFHAUSEN, Switzerland, Jan. 29, 2013 /PRNewswire/ --

(Income and EPS amounts are attributable to Tyco common shareholders)
($ millions, except per-share amounts)

                                                   Q1 2013 Q1 2012 % Change
Revenue                                            $2,600  $2,478  5%

Segment Operating Income                           $296    $277    7%
Operating Income                                   $235    $186    26%

Income from Continuing Operations                  $159    $98     62%
Diluted EPS from Continuing Operations             $0.34   $0.21   62%
Special Items                                      $(0.06) $(0.05)
Segment Operating Income Before Special Items      $318    $310    3%

Income from Continuing Ops Before Special Items    $191    $123    55%
Diluted EPS from Continuing Ops Before Special     $0.40   $0.26   54%
Items

Tyco (NYSE: TYC) today reported $0.34 in GAAP diluted earnings per share (EPS)
from continuing operations for the fiscal first quarter of 2013 and diluted
EPS from continuing operations before special items of $0.40. Revenue in the
quarter increased 5% versus the prior year to $2.6 billion including a 3%
benefit from acquisitions. Organic revenue grew 1% in the quarter with 6%
growth in products, 2% growth in service and a 3% decline in installation
revenue.

* Normalized first quarter 2012 results reflect pro forma adjustments to
corporate and interest expense to reflect the impact of the separation, and
include dis-synergy costs associated with the separation of the Company's
North American security operations, also as a result of the separation. See
Non-GAAP reconciliations.

Tyco Chief Executive Officer George Oliver said, "We're off to a great start
as the new Tyco, integrating our fire and security businesses and executing on
our growth strategy. We had another very good quarter, with a 5% increase in
revenue, driven partly by our acquisition strategy, and an 11% increase in
earnings per share before special items on a normalized basis. I am especially
pleased with the traction we are getting from our productivity and sourcing
initiatives, and the positive impact we are seeing from our increased
investments in research anddevelopment. Overall, our performance in the first
quarter is a solid beginning to fiscal 2013."

Organic revenue, free cash flow, operating income, segment operating income,
and diluted and normalized EPS from continuing operations before special items
are non-GAAP financial measures and are described below. For a reconciliation
of these non-GAAP measures, see the attached tables. Additional schedules as
well as first quarter review slides can be found at www.tyco.com on the
Investor Relations portion of Tyco's website.

SEGMENT RESULTS
The financial results presented in the tables below are in accordance with
GAAP unless otherwise indicated. All dollar amounts are pre-tax and stated in
millions. All comparisons are to the fiscal first quarter of 2012 unless
otherwise indicated.

North America Systems Installation & Services

                                      Q1 2013 Q1 2012 % Change
Revenue                               $976    $962    1.5%
Operating Income                      $108    $86     26%
Operation Margin                      11.1%   8.9%
Special Items                         ($12)   ($22)
Operating Income Before Special Items $120    $108    11%
Operating Margin Before Special Items 12.3%   11.2%

Revenue of $976 million increased 1.5% in the quarter. Service revenue
increased 1% and installation revenue was flat with the prior year, for total
organic revenue growth of 1%. Backlog of $2.4 billion declined 3% on a quarter
sequential basis, excluding the impact of foreign currency, in line with
expectations and the previously announced project selectivity in commercial
security.

Operating income for the quarter was $108 million and the operating margin was
11.1%. Special items of $12 million consisted primarily of separation charges.
Operating income before special items was $120 million and the operating
margin was 12.3%. The 110 basis point improvement in operating margin before
special items was driven by a higher mix of service revenue, improved
execution in installation, and accelerated productivity benefits. These
benefits more than offset dis-synergy costs associated with the separation of
the ADT residential security business from our commercial security business,
Tyco Integrated Security.

Rest of World Systems Installation & Services

                                      Q1 2013 Q1 2012 % Change
Revenue                               $1,090  $1,056  3%
Operating Income                      $114    $110    4%
Operation Margin                      10.5%   10.4%
Special Items                         ($7)    ($8)
Operating Income Before Special Items $121    $118    3%
Operating Margin Before Special Items 11.1%   11.2%

Revenue of $1.1 billion increased 3% in the quarter, primarily driven by
acquisitions. Organic revenue was flat with 3% growth in service and a 5%
decline in installation. Backlog of $2.6 billion increased 3% on a quarter
sequential basis, excluding the impact of foreign currency.

Operating income for the quarter was $114 million and the operating margin was
10.5%. Special items of $7 million consisted primarily of restructuring
charges. Operating income before special items was $121 million, and the
operating margin was 11.1%. The benefit of higher margin service revenue was
offset by growth investments.

Global Products

                                      Q1 2013 Q1 2012 % Change
Revenue                               $534    $460    16%
Operating Income                      $74     $81     (9)%
Operation Margin                      13.9%   17.6%
Special Items                         ($3)    ($3)
Operating Income Before Special Items $77     $84     (8)%
Operating Margin Before Special Items 14.4%   18.3%

Revenue of $534 million increased 16% in the quarter, including a 9% benefit
due to acquisitions. Organic revenue grew 6% with growth across all three
product platforms.

Operating income for the quarter was $74 million and the operating margin was
13.9%. Special items of $3 million consisted primarily of restructuring
charges. Operating income before special items was $77 million and the
operating margin was 14.4%. The year-over-year margin decrease was primarily
driven by a double digitincrease in research and development and sales and
marketing investments. Additionally, the operating margin was impacted by a $6
million environmental remediation charge and lower sales of higher margin
products due to the timing of shipments. We estimate that these two items
impacted operating margin by approximately 200 basis points.

OTHER ITEMS

  oCash from operating activities was negative $39 million and free cash flow
    was negative $133 million, which included a cash outflow of $103 million
    primarily related to separation and restructuring activities. Adjusted
    free cash outflow for the quarter was $30 million. The Company completed
    the quarter with $501 million in cash and cash equivalents.
  oCorporate expense before special items was $58 million for the quarter.
  oThe tax rate before special items was 17.4% for the quarter.
  oOn December 21, 2012 the Company announced that its Board of Directors
    recommended shareholders approve an annual dividend increase of
    approximately 7% from $0.60 to $0.64 per share at the Company's annual
    general meeting of shareholders, to be held on March 6, 2013.
  oThe Company purchased 1.8 million shares for $50 million during the
    quarter, and the Company's Board of Directors approved an additional $600
    million in repurchase authority to the existing $150 million.

ABOUT TYCO
Tyco (NYSE: TYC) is the world's largest pure-play fire protection and security
company. Tyco provides more than three million customers around the globe with
the latest fire protection and security products and services. A company with
$10+ billion in annual revenue, Tyco has over 70,000 employees in more than
1,000 locations across 50 countries serving various end markets, including
commercial, institutional, governmental, retail, industrial, energy,
residential and small business. For more information, visitthe new
www.tyco.com.

CONFERENCE CALL AND WEBCAST
Management will discuss the company's first quarter results for 2013 during a
conference call and webcast today beginning at 9:00 a.m. ET. Today's
conference call for investors can be accessed in the following ways:

  oAt Tyco's website: http://investors.tyco.com.
  oBy telephone: For both "listen-only" participants and those participants
    who wish to take part in the question-and-answer portion of the call, the
    telephone dial-in number in the United States is (800) 857-9797. The
    telephone dial-in number for participants outside the United States is
    (517) 308-9262, passcode "Tyco".
  oAn audio replay of the conference call will be available at 11:00 a.m. EST
    on January 29, 2013 and ending at 11:59 p.m. EST on February 5, 2013. The
    replay dial-in number for participants in the United States is (800)
    568-4850. For participants outside the United States, the replay dial-in
    number is (203) 369-3813, passcode 3151.
  oA webcast replay of the conference call will be available on the
    "Presentations & Webcasts" section of Tyco's website:
    http://investors.tyco.com.

NON-GAAP MEASURES
Organic revenue, free cash flow (outflow) (FCF), and income from continuing
operations, earnings per share (EPS) from continuing operations, operating
income and segment operating income, and normalized EPS, in each case "before
special items," are non-GAAP measures and should not be considered
replacements for GAAP results.

Organic revenue is a useful measure used by the company to measure the
underlying results and trends in the business. The difference between reported
net revenue (the most comparable GAAP measure) and organic revenue (the
non-GAAP measure) consists of the impact from foreign currency, acquisitions
and divestitures, and other changes that either do not reflect the underlying
results and trends of the Company's businesses or are not completely under
management's control. There are limitations associated with organic revenue,
such as the fact that, as presented herein, the metric may not be comparable
to similarly titled measures reported by other companies. These limitations
are best addressed by using organic revenue in combination with the GAAP
numbers. Organic revenue may be used as a component in the company's incentive
compensation plans.

FCF is a useful measure of the company's cash that permits management and
investors to gain insight into the number that management employs to measure
cash that is free from any significant existing obligation and is available to
service debt and make investments. The difference between Cash Flows from
Operating Activities (the most comparable GAAP measure) and FCF (the non-GAAP
measure) consists mainly of significant cash flows that the company believes
are useful to identify. It, or a measure that is based on it, may be used as a
component in the company's incentive compensation plans. The difference
reflects the impact from:

  onet capital expenditures,
  odealer generated accounts and bulk accounts purchased,
  ocash paid for purchase accounting and holdback liabilities, and
  ovoluntary pension contributions.

Capital expenditures and dealer generated and bulk accounts purchased are
subtracted because they represent long-term investments that are required for
normal business activities. Cash paid for purchase accounting and holdback
liabilities is subtracted because these cash outflows are not available for
general corporate uses. Voluntary pension contributions are added because this
activity is driven by economic financing decisions rather than operating
activity. In addition, from time to time the company may present adjusted free
cash flow, which is free cash flow, adjusted to exclude the cash impact of the
special items highlighted below. This number provides information to investors
regarding the cash impact of certain items management believes are useful to
identify, as described below.

The limitation associated with using these cash flow metrics is that they
adjust for cash items that are ultimately within management's and the Board of
Directors' discretion to direct and therefore may imply that there is less or
more cash that is available for the company's programs than the most
comparable GAAP measure. Furthermore, these non-GAAP metrics may not be
comparable to similarly titled measures reported by other companies. These
limitations are best addressed by using FCF in combination with the GAAP cash
flow numbers.

The company has presented its income and EPS from continuing operations,
operating income and segment operating income before special items. Special
items include charges and gains related to divestitures, acquisitions,
restructurings, impairments, certain changes to accounting methodologies,
legacy legal and tax charges and other income or charges that may mask the
underlying operating results and/or business trends of the company or business
segment, as applicable. The company utilizes these measures to assess overall
operating performance and segment level core operating performance, as well as
to provide insight to management in evaluating overall and segment operating
plan execution and underlying market conditions. The Company also presents its
effective tax rate as adjusted for special items for consistency, and from
time to time presents corporate expense excluding special items. One or more
of these measures may be used as components in the company's incentive
compensation plans. These measures are useful for investors because they may
permit more meaningful comparisons of the company's underlying operating
results and business trends between periods. The difference between income and
EPS from continuing operations before special items and income and EPS from
continuing operations (the most comparable GAAP measures) consists of the
impact of the special items noted above on the applicable GAAP measure. The
limitation of these measures is that they exclude the impact (which may be
material) of items that increase or decrease the company's reported GAAP
metrics, and these non-GAAP metrics may not be comparable to similarly titled
measures reported by other companies. These limitations are best addressed by
using the non-GAAP measures in combination with the most comparable GAAP
measures in order to better understand the amounts, character and impact of
any increase or decrease on reported results.

The company provides general corporate services to its segments and those
costs are reported in the "Corporate and Other" segment. This segment's
operating income (loss) is presented as "Corporate Expense." Segment Operating
Income represents Tyco's operating income excluding the Corporate and Other
segment, and reflects the results of Tyco's three operating segments. Segment
Operating Income before special items reflects GAAP operating income adjusted
for the special items noted in the paragraph above.

In order to provide more meaningful comparison of fiscal 2013 results to
fiscal 2012 results, normalized EPS before special items is presented.
Normalized EPS adjusts fiscal 2012 GAAP results by replacing the GAAP interest
and corporate expenses reported for fiscal 2012 (on a pre-separation basis)
with the interest and corporate expenses estimated to be incurred in fiscal
2013 (on a post-separation basis), and adding estimated dis-synergy costs
related to the separation of the Company's North American security business to
fiscal 2012 results. Normalized EPS before special items further adjusts
normalized EPS for the special items described above.

FORWARD-LOOKING STATEMENTS
This press release contains a number of forward-looking statements. Words, and
variations of words, such as "expect", "intend", "will", "anticipate",
"believe", "propose", "potential", "continue", "opportunity", "estimate",
"project" and similar expressions are intended to identify forward-looking
statements. Examples of forward-looking statements include, but are not
limited to, revenue, operating income and other financial projections,
statements regarding the health and growth prospects of the industries and end
markets in which Tyco operates, the leadership, resources, potential,
priorities, and opportunities for Tyco in the future, statements regarding
Tyco's credit profile, capital allocation priorities and other capital market
related activities, and statements regarding Tyco's acquisition, divestiture,
restructuring and other productivity initiatives. The forward-looking
statements in this press release are based on current expectations and
assumptions that are subject to risks and uncertainties, many of which are
outside of our control, and could cause results to materially differ from
expectations. Such risks and uncertainties include, but are not limited to:
economic, business, competitive, technological or regulatory factors that
adversely impact Tyco or the markets and industries in which it competes;
unanticipated expenses such as litigation or legal settlement expenses; tax
law changes; and industry specific events or conditions that may adversely
impact revenue or other financial projections. Actual results could differ
materially from anticipated results. Tyco is under no obligation (and
expressly disclaims any obligation) to update its forward-looking statements.
More detailed information about these and other factors is set forth in Tyco's
Annual Report on Form 10-K for the fiscal year ended Sept. 28, 2012 and in
subsequent filings with the Securities and Exchange Commission.



TYCO INTERNATIONAL LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
(Unaudited)
                                          Quarters Ended
                                          December 28,       December 30,
                                          2012               2011
Revenue from product sales                $          $        
                                          1,443             1,369
Service revenue                           1,157              1,109
 Net revenue                           2,600              2,478
Cost of product sales                    1,004              769
Cost of services                          664                810
Selling, general and administrative       682                677
expenses
Separation costs                          5                  -
Restructuring and asset impairment        10                 36
charges, net
 Operating income                      235                186
Interest income                           4                  5
Interest expense                          (24)               (58)
Other (expense) income, net               (9)                2
Income from continuing operations before  206                135
income taxes
Income tax expense                        (39)               (27)
Equity loss in earnings of                (6)                (10)
unconsolidated subsidiaries
 Income from continuing operations      161                98
Income from discontinued operations, net  4                  224
of income taxes
 Net income                             165                322
Less: noncontrolling interest in          2                  -
subsidiaries net income
 Net income attributable to Tyco        $          $        
common shareholders                         163              322
Amounts attributable to Tyco common
shareholders:
Income from continuing operations         $          $        
                                            159               98
Income from discontinued operations       4                  224
Net income attributable to Tyco common    $          $        
shareholders                                163              322
Basic earnings per share attributable to
Tyco common shareholders:
Income from continuing operations         $          $        
                                           0.34             0.21
Income from discontinued operations       0.01               0.48
Net income attributable to Tyco common    $          $        
shareholders                               0.35             0.69
Diluted earnings per share attributable
to Tyco common shareholders:
Income from continuing operations         $          $        
                                           0.34             0.21
Income from discontinued operations       -                  0.48
Net income attributable to Tyco common    $          $        
shareholders                               0.34             0.69
Weighted-average number of shares
outstanding:
 Basic                                   466                464
 Diluted                                473                469



      These financial statements should be read in conjunction with the
NOTE: Consolidated Financial Statements and accompanying notes contained in
      the Company's Annual Report on Form 10-K for the fiscal year ended
      September 28, 2012.



 TYCO INTERNATIONAL LTD.
 RESULTS OF SEGMENTS
 (in millions)
 (Unaudited)
                             Quarters Ended
                             December 28,            December 30,
                             2012                    2011
 Net Revenue
 NA Installation & Services  $               $        
                             976                     962
 ROW Installation & Services 1,090                   1,056
 Global Products             534                     460
  Total Net Revenue        $                 $      
                             2,600                  2,478
 Operating Income and Margin
 NA Installation & Services  $         11.1% $          8.9%
                             108                     86
 ROW Installation & Services 114               10.5% 110                 10.4%
 Global Products             74                13.9% 81                  17.6%
 Corporate and Other        (61)              N/M   (91)                N/M
  Operating Income and    $         9.0%  $           7.5%
 Margin                      235                     186





                         TYCO INTERNATIONALLTD.
                         CONSOLIDATED BALANCE SHEETS
                         (in millions)
                         (Unaudited)
                                            December 28,     September 28,
                                            2012              2012
   Assets
    Cash and cash equivalents            $          $       
                                             501             844
    Accounts receivable, net             1,709             1,711
    Inventories                          664               634
    Prepaid expenses and other           912               850
   current assets
    Deferred income taxes                295               295
    Total current assets               4,081             4,334
   Property, plant and equipment, net       1,682             1,670
   Goodwill                                 4,406             4,377
   Intangible assets, net                   765               780
   Other assets                             1,191             1,204
    Total Assets                       $           $      
                                            12,125            12,365
   Liabilities and Equity
    Loans payable and current            $10               $10
   maturities of long-term debt
    Accounts payable                     839               897
    Accrued and other current            1,522             1,788
   liabilities
    Deferred revenue                     364               402
    Total current liabilities          2,735             3,097
   Long-term debt                           1,481             1,481
   Deferredrevenue                          416               424
   Other liabilities                        2,337             2,341
    Total Liabilities                  6,969             7,343
   Redeemable noncontrolling interest       12                12
   Total Tyco shareholders' equity          5,126             4,994
   Nonredeemable noncontrolling interest    18                16
    Total Equity                       5,144             5,010
   Total Liabilities, Redeemable            $           $      
   Noncontrolling Interest and Equity       12,125            12,365
Note: These financial statements should be read in conjunction with the
Consolidated Financial Statements and accompanying notes contained in the
Company's Annual Report on Form 10-K for the fiscal year ended September 28,
2012.





 TYCO INTERNATIONAL LTD.
 CONSOLIDATED STATEMENTS OF CASH FLOWS
 (in millions)
 (Unaudited)
                                              For the Quarters Ended
                                              December 28,  December 30,
                                              2012           2011
 Cash Flows From Operating Activities:
 Net income attributable to Tyco common       $163           $322
 shareholders
    Noncontrolling interest in subsidiaries   2              —
    net income
    Income from discontinued operations, net  (4)            (224)
    of income taxes
 Income from continuing operations            161            98
 Adjustments to reconcile net cash provided
 by operating activities:
    Depreciation and amortization             105            101
    Non-cash compensation expense             14             21
    Deferred income taxes                     10             2
    Provision for losses on accounts          18             11
    receivable and inventory
    Other non-cash items                      6              40
    Changes in assets and liabilities, net of
    the effects of acquisitions and
    divestitures:
         Accounts receivable, net             (9)            43
         Contracts in progress                (2)            (14)
         Inventories                          (29)           (33)
         Prepaid expenses and other current   31             (52)
         assets
         Accounts payable                     (61)           (34)
         Accrued and other liabilities        (228)          (159)
         Deferred revenue                     (47)           (28)
         Other                                (8)            (72)
              Net cash used in operating      (39)           (76)
              activities
              Net cash provided by
              discontinued operating          4              414
              activities
 Cash Flows From Investing Activities:
 Capital expenditures                         (90)           (90)
 Proceeds from disposal of assets             3              1
 Acquisition of businesses, net of cash       (23)           (95)
 acquired
 Acquisition of dealer generated customer     (6)            (6)
 accounts and bulk account purchases
 Sales and maturities of investments          11             32
 Purchases of investments                     (91)           (23)
 Other                                        8              19
              Net cash used in investing      (188)          (162)
              activities
              Net cash used in discontinued   —              (279)
              investing activities
 Cash Flows From Financing Activities:
 Proceeds from issuance of short-term debt    —              411
 Repayment of short-term debt                 —              (376)
 Proceeds from exercise of share options      46             29
 Dividends paid                               (70)           (116)
 Repurchase of common shares by treasury      (50)           (200)
 Transfer (to) from discontinued operations   (29)           82
 Other                                        (16)           (19)
              Net cash used in financing      (119)          (189)
              activities
              Net cash provided by (used in)
              discontinued financing          29             (82)
              activities
 Effect of currency translation on cash       3              (3)
 Net decrease in cash and cash equivalents    (310)          (377)
 Less: net increase in cash and cash
 equivalents related to discontinued          (33)           (53)
 operations
 Cash and cash equivalents at beginning of    844            1,229
 period
 Cash and cash equivalents at end of period   $        $      
                                               501          799
 Reconciliation to "Free Cash Flow":
 Net cash used in operating activities        ($39)          ($76)
 Capital expenditures, net                    (87)           (89)
 Acquisition of dealer generated customer     (6)            (6)
 accounts and bulk account purchases
 Purchase accounting and holdback liabilities (1)            —
 Free Cash Flow                               ($133)         ($171)
 Reconciliation to "Adjusted Free Cash Flow":
 Free Cash Flow                               ($133)         ($171)
 Cash restructuring costs                     19             23
 Cash (receipt)/payment from Covidien/TE      (5)            —
 Connectivity
 Separation costs                             73             —
 Separation costs-capital expenditures        3              —
 Legal settlement                             13             —
 Adjusted Free Cash Flow                      ($30)          ($148)
 NOTE: Free cash flow is a non-GAAP measure. See description of non-GAAP
 measures contained in this release.





Tyco International Ltd.
Organic Growth Reconciliation - Revenue
(in millions)
(Unaudited)
                       Quarter Ended December 28, 2012
                       Base Year
                       Adjustments
             Net                                                                           Net
             Revenue                   Adjusted                                            Revenue
             for the                   2012      Foreign                 Other   Organic   for the
             Quarter   (Divestitures)  Base      Currency  Acquisitions  (2)     Revenue   Quarter
             Ended                     Revenue                                   (1)       Ended
             December                                                                      December
             30, 2011                                                                      28, 2012
                                                                         $
             $                                $                             $        $   
NA                 $                              $                             
Installation            0.0%   $        0.4%      0.2%    0.0%    0.8%       1.5%
& Services          -                962            2                           
             962                                  4                                    976
                                                                                8
                                                                         -
ROW
Installation 1,056     -        0.0%   1,056     3   0.3%  35     3.3%   - 0.0%  (4) 0.4%  1,090    3.2%
& Services
Global       460       -        0.0%   460       2   0.4%  39     8.5%   7 1.5%  26  5.7%  534      16.1%
Products
                                                                         $
                                                 $                             $ 
             $                                        $                          $   
Total Net          $     0.0%   $        0.4%      3.1%    0.3%    1.2%       4.9%
Revenue             -            2,478            76                             
              2,478                             9                                      2,600
                                                                                30
                                                                         7
(1)          Organic revenue growth percentage based on adjusted 2012
             base revenue.
(2)          Amount represents contractual revenue from ADT under the 2012 Separation and Distribution
             Agreement which is excluded from the organic revenue calculation.





 Earnings Per Share Summary
 (Unaudited)
                                                  Quarter Ended  Quarter Ended
                                                  Dec. 28, 2012  Dec. 30, 2011
 Diluted EPS from Continuing Operations           $0.34          $0.21
 Attributable to Tyco Shareholders (GAAP)
 expense / (benefit)
 Restructuring, net                               0.01           0.02
 Separation costs included in SG&A                0.01           -
 Asset impairment charges                         -              0.03
 Separation costs                                 0.01           -
 Tax items                                        0.01           -
 2012 Tax Sharing Agreement                       0.02           -
 Total Before Special Items                       $0.40          $0.26
 Represents forecast amounts for fiscal 2013
 Anticipated dis-synergies in NA I&S segment                     (0.01)
 Corporate expense from $86M to expected $56M                    0.05
 Net interest expense from $53M to expected $25M                 0.04
 Effective tax rate from 23.1% to expected 19.5%                 0.02
 Q1 FY12 "Normalized" EPS                                        $0.36





Tyco International Ltd.
For the Quarter Ended December 28,
2012
(in millions, except per
share data)
(Unaudited)
expense / (benefit)
Segments
                NA                   ROW                  Global           Segment           Corporate         Total
                Installation         Installation
                & Service            & Service            Products         Revenue           and Other          Revenue
Revenue (GAAP)  $976                 $1,090               $534             $2,600            -                  $2,600
                                                                                                                                                                                                     Income       Diluted
                                                                                                                                                                                                     from         EPS from
                Operating Income                                                                                                                                                                     Continuing   Continuing
                                                                                                                                                                                                     Operations   Operations
                                                                           Segment                              Total                                                Equity in       Noncontrolling  Attributable Attributable
                                                                                                                                                                     earnings
                NA                   ROW                  Global           Operating         Corporate         Operating         Interest    Other       Income     of              Interest        to Tyco     to Tyco
                Installation         Installation                                                                                                                    unconsolidated
                & Service    Margin  & Service    Margin  Products Margin  Income    Margin  and Other  Margin  Income    Margin  (Expense),  (Expense),  Tax        subsidiaries    (Expense)       Shareholders Shareholders
                                                                                                                                  net         net         (Expense)
Operating       $108         11.1%   $114         10.5%   $74      13.9%   $296      11.4%   ($61)      N/M     $235      9.0%    ($20)       ($9)        ($39)      ($6)            ($2)            $159         $0.34
Income (GAAP)
Restructuring,                       7                    2                9                 1                  10                                        (2)                                        8            0.01
net
Separation
costs included  12                                                         12                1                  13                                        (5)                                        8            0.01
in SG&A
(Gains) /
losses on
divestitures,                                                                                (3)                (3)                                                                                  (3)          -
net included in
SG&A
Acquisition /
integration                                               1                1                                    1                                                                                    1            -
costs
Asbestos                                                                                     (1)                (1)                                                                                  (1)          -
Separation                                                                                   5                  5                                                                                    5            0.01
costs
Tax items                                                                                                                                                 4                                          4            0.01
2012 Tax
Sharing                                                                                                                                       10                                                     10           0.02
Agreement
Total Before    $120         12.3%   $121         11.1%   $77      14.4%   $318      12.2%   ($58)      N/M     $260      10.0%   ($20)       $1          ($42)      ($6)            ($2)            $191         $0.40
Special Items
                                                                                                                                 Diluted Shares                                                                  473
                                                                                                                                 Outstanding
                                                                                                                                 Diluted Shares Outstanding -                                                    473
                                                                                                                                 Before Special Items





Tyco International Ltd.
For the Quarter Ended December 30,
2011
(in millions, except per
share data)
(Unaudited)
expense / (benefit)
Segments
                NA                   ROW                  Global           Segment           Corporate         Total
                Installation         Installation
                & Service            & Service            Products         Revenue           and Other          Revenue
Revenue (GAAP)  $962                 $1,056               $460             $2,478            -                  $2,478
                                                                                                                                                                                      Income       Diluted
                                                                                                                                                                                      from         EPS from
                Operating Income                                                                                                                                                      Continuing   Continuing
                                                                                                                                                                                      Operations   Operations
                                                                           Segment                              Total                                                Equity (loss)    Attributable Attributable
                                                                                                                                                                     in earnings
                NA                   ROW                  Global           Operating         Corporate         Operating         Interest    Other       Income     of               to Tyco     to Tyco
                Installation         Installation                                                                                                                    unconsolidated
                & Service    Margin  & Service    Margin  Products Margin  Income    Margin  and Other  Margin  Income    Margin  (Expense),  (Expense),  Tax        subsidiary       Shareholders Shareholders
                                                                                                                                  net         net         (Expense)
Operating       $86          8.9%    $110         10.4%   $81      17.6%   $277      11.2%   ($91)      N/M     $186      7.5%    ($53)       $2          ($27)      ($10)            $98          $0.21
Income (GAAP)
Restructuring,  1                    6                    1                8                 5                  13                                        (4)                         9            0.02
net
Acquisition /
integration     1                    1                                     2                                    2                                         (1)                         1            -
costs
Asset
impairment      20                   1                    2                23                                   23                                        (8)                         15           0.03
charges
Total Before    $108         11.2%   $118         11.2%   $84      18.3%   $310      12.5%   ($86)      N/M     $224      9.0%    ($53)       $2          ($40)      ($10)            $123         $0.26
Special Items
                                                                                                                                              Diluted Shares                                      469
                                                                                                                                              Outstanding
                                                                                                                                              Diluted Shares Outstanding - Before                 469
                                                                                                                                              Special Items



SOURCE Tyco

Website: http://www.tyco.com
Contact: Investor Relations Contacts, Antonella Franzen, +1-609-720-4665,
afranzen@tyco.com, or Joe Longo, +1-609-720-4545, jlongo@tyco.com, or Media
Contacts, Ira Gottlieb, +1-609-610-1999, igottlieb@tycoint.com, or Brett
Ludwig, +1-609-216-3255, bludwig@tyco.com
 
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