Tyco reported $0.34 in GAAP diluted earnings per share from continuing operations and diluted EPS from continuing operations before special items of $0.52 for the fiscal fourth quarter of 2013. Revenue in the quarter increased 1% versus the prior year to $2.8 billion. Organic revenue grew 1% in the quarter with 8% growth in products, 4% growth in service and a 6% decline in installation revenue. Acquisitions contributed 2 percentage points of growth which was offset by the impact of divestitures and changes in foreign currency exchange rates
Tyco reported $0.34 in GAAP diluted earnings per share from continuing operations and diluted EPS from continuing operations before special items of $0.52 for the fiscal fourth quarter of 2013. Revenue in the quarter increased 1% versus the prior year to $2.8 billion. Organic revenue grew 1% in the quarter with 8% growth in products, 4% growth in service and a 6% decline in installation revenue. Acquisitions contributed 2 percentage points of growth which was offset by the impact of divestitures and changes in foreign currency exchange rates.
For 2013, the company reported GAAP diluted earnings per share from continuing operations of $1.12 and diluted earnings per share from continuing operations before special items of $1.84. Revenue of $10.6 billion increased 2%. Organic revenue growth for the year was 1% with 6% growth in products, 3.5% growth in service and a 4% decline in installation. Acquisitions contributed two percentage points of growth, which was partially offset by divestitures and changes in foreign currency exchange rates.
Organic revenue, free cash flow and adjusted 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.
SEGMENT RESULTS
Effective in the fiscal second quarter of 2013, the company began reporting certain legacy environmental matters as special items. Operating income before special items in prior periods has been adjusted to reflect change.
North America Systems Installation & Services
Revenue of $996 million included service growth of 5% and an installation decline of 10%, due to continued pressure in the non-residential construction market coupled with project selectivity. In total, organic revenue declined 2% year-over-year. Backlog of $2.4 billion decreased 2% year-over-year and, due to normal seasonality, declined 1.5% on a quarter sequential basis, excluding the impact of foreign currency.
Operating income for the quarter was $113 million and the operating margin was 11.3%. Special items of $20 million consisted primarily of restructuring and separation charges. Before special items, operating income was $133 million and the operating margin was 13.4%, a 110 basis point improvement to prior year. Normalizing for the dis-synergy costs associated with the separation of North America commercial security business from ADT, the operating margin improved 200 basis points year-over-year due to a higher mix of service revenue, improved execution in installation and productivity benefits.
Revenue for the full year was $3.9 billion, decreasing 2% year-over-year due to a 1% organic revenue decline and a divestiture. Operating income was $388 million and included $86 million of special items. Before special items, operating income was $474 million and the operating margin increased 80 basis points to 12.2%. Normalizing for the dis-synergy costs associated with the separation described above, the operating margin before special items improved 170 basis points year-over-year.
Rest of World Systems Installation & Services
Revenue of $1.1 billion increased 1% in the quarter. Service revenue increased 3% and installation revenue declined 1.5% for total organic growth of 1%. Acquisitions contributed 2 percentage points to revenue growth, which was offset by the negative impact of foreign currency exchange rates. Backlog of $2.7 billion increased 11% year-over-year and, due to normal seasonality, declined 1% on a quarter sequential basis excluding the impact of foreign currency.
Operating income for the quarter was $110 million and the operating margin was 9.7%. Special items of $27 million consisted primarily of divestiture and restructuring charges. Before special items, operating income was $137 million and the operating margin was consistent with the prior year. Operating income includes $7 million of indirect tax charges primarily related to a joint venture which negatively impacted the operating margin by 70 basis points.
Revenue for the full year was $4.4 billion increasing 2% year-over-year with organic revenue growth of 1%. Acquisitions contributed two percentage points of growth, which was partially offset by changes in foreign currency exchange rates. Operating income was $433 million and included $83 million of special items. Before special items, operating income was $516 million and the operating margin was 11.7%.
Global Products
Revenue of $627 million increased 12% in the quarter, including a 2.5% benefit from acquisitions. Organic revenue grew 8% with growth across all three product platforms.
Operating income for the quarter was $119 million and the operating margin was 19.0%. Special items in the quarter of $3 million consisted primarily of restructuring charges. Before special items, operating income was $122 million and the operating margin increased 180 basis points year-over-year to 19.5%.
Revenue for the full year was $2.3 billion, increasing 11% year-over-year with organic revenue growth of 6%. Acquisitions contributed three percentage points to growth. Operating income was $307 million and included $114 million of special items. Before special items, operating income was $421 million and the operating margin was 18.0%.