Tyco International Reports Fourth Quarter Earnings From Continuing Operations Before Special Items of $0.61 Per Share and GAAP Earnings of $0.44...( SCHAFFHAUSEN Switzerland Nov. 10 /- ...),Health

SCHAFFHAUSEN, Switzerland, Nov. 10 /PRNewswire-FirstCall/ --

($ millions, except per-share amounts)

                        Q4 2009  Q4 2008  % Change  FY 2009 FY 2008 % Change
                        -------  -------  --------  ------- ------- --------
    Revenue              $4,421   $5,284      (16)% $17,237  $20,199    (15)%
     Income (Loss) from
      Continuing
      Operations           $207     $264      (22)% ($1,833)  $1,095      -
     Diluted EPS from
      Continuing
      Operations          $0.44    $0.55      (20)%  ($3.87)   $2.25      -
     Special Items       ($0.17)  ($0.26)            ($6.23)  ($0.81)
     Income from
      Continuing Ops
      Before Special
      Items                $291     $387      (25)%  $1,122   $1,493    (25)%
     Diluted EPS from
      Continuing Ops
      Before Special
      Items               $0.61    $0.81      (25)%   $2.36    $3.06    (23)%

Tyco International Ltd. (NYSE: TYC) today reported $0.44 in diluted earnings per share (EPS) from continuing operations for the fiscal fourth quarter of 2009 and diluted EPS from continuing operations before special items of $0.61 per share. Revenue in the quarter of $4.4 billion declined 16% versus the prior year with an organic revenue decline of 12%. Cash from operating activities was $985 million in the quarter. The company had free cash flow of $614 million, which included cash payments of $84 million for restructuring and legacy legal matters.

For the full year, revenue of $17.2 billion declined 15%. Organic revenue declined 8%, with half of the decline coming from the Electrical and Metal Products business. Cash from operating activities was $2.43 billion. Free cash flow of $1.22 billion included cash payments of $261 million for restructuring and legacy legal matters.

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