Motorola Solutions Reports Second-Quarter 2014 Financial Results

  • Sales of $1.4 billion, down 7 percent from a year ago
  • GAAP earnings per share (EPS) from continuing operations* of $0.30
  • Non-GAAP** EPS from continuing operations of $0.47
  • Generated $118 million in operating cash flow
  • Repurchased $416 million in shares; recently announced 10 percent increase to quarterly cash dividend
  • Cost-reduction target increased from $200 million to approximately $300 million by end of 2015

SCHAUMBURG, Ill. — (BUSINESS WIRE) — August 5, 2014Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the second quarter of 2014. Click here for a printable news release and financial tables.

Motorola Solutions’ Enterprise business now is reflected in discontinued operations for both the current quarter and prior periods due to its planned divestiture by the end of 2014. All financials cited reflect the company’s ongoing operations, including iDEN, with its new reporting segments: Products and Services.


Sales declined 7 percent to $1.4 billion primarily reflecting lower sales in North America state and local markets as well as in Asia Pacific & the Middle East. Europe & Africa and Latin America sales grew double-digits. Product sales declined 10 percent driven primarily by lower subscriber and systems revenues, while Services declined 1 percent.


“Second quarter results were in line with our expectations. Additionally, we made significant progress toward simplifying our operations and accelerating our cost reduction efforts,” said Greg Brown, chairman and CEO, Motorola Solutions. “We believe our continued focus on execution, targeted investments and capital return positions us well to grow and create long-term value for our shareholders.”


    Second Quarter     Change
      2014     2013    
Motorola Solutions, Inc.                  
Sales ($M)     $1,393     $1,497     -7%
Operating earnings ($M)     $138     $203     -32%
Percent of sales     9.9%     13.6%      
EPS from continuing operations     $0.30     $0.81     -63%
Operating earnings ($M)     $201     $248     -19%
Percent of sales     14.4%     16.6%      
EPS from continuing operations     $0.47     $0.94     -50%


Sales ($M)     $887     $986     -10%
GAAP operating earnings ($M)     $95     $125     -24%
Percent of sales     10.7%     12.7%      
Non-GAAP operating earnings ($M)     $133     $154     -14%
Percent of sales     15.0%     15.6%      
Sales ($M)     $506     $511     -1%
GAAP operating earnings ($M)     $43     $78     -45%
Percent of sales     8.5%     15.3%      
Non-GAAP operating earnings ($M)     $68     $94     -28%
Percent of sales     13.4%     18.4%      

1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »

Review Article Be the first to review this article
Downstream : Solutuions for Post processing PCB Designs


Featured Video
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Diversity: Really, who cares
More Editorial  
Senior Methodology Automation Engineer for EDA Careers at San Jose, CA
DDR 3-4-5 Developer with VIP for EDA Careers at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
11th International Conference on Verification and Evaluation of Computer and Communication Systems at 1455 DeMaisonneuve W. EV05.139 Montreal Quebec Canada - Aug 24 - 25, 2017
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
S2C: FPGA Base prototyping- Download white paper

Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy