Motorola Solutions Reports First-Quarter 2015 Financial Results

  • Sales of $1.2 billion, flat from a year ago, including $40 million of unfavorable foreign currency impact
  • North America sales grew 6 percent, driven by Product segment sales
  • GAAP earnings per share (EPS) from continuing operations1 of $0.40
  • Non-GAAP2 earnings per share (EPS) from continuing operations of $0.38 driven by lower overall operating expenses
  • Generated $151 million in operating cash flow
  • Returned $728 million to shareholders through share repurchases and cash dividends, including the repurchase of $653 million of stock in the quarter

SCHAUMBURG, Ill. — (BUSINESS WIRE) — May 6, 2015Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the first quarter of 2015. Click here for a printable news release and financial tables.

SUPPORTING QUOTE

“The company delivered strong double-digit profitability growth in the first quarter, driven primarily by strength in our North America business and a leaner cost structure,” said Greg Brown, chairman and CEO of Motorola Solutions. “We remain committed to driving growth through innovation as well as improving operating leverage and cash flow generation.”

KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)

    Q1 2015   Q1 2014   % Change
Sales   $1,223   $1,228   0%
             
GAAP
Operating Earnings $119 $107 11%
% of Sales 9.7% 8.7%
EPS from continuing operations   $0.40   $0.33   21%
Non-GAAP
Operating Earnings $156 $126 24%
% of Sales 12.8% 10.3%
EPS from continuing operations   $0.38   $0.28   36%
Product Segment
Sales $758 $752 1%
GAAP Operating Earnings $64 $39 64%
% of Sales 8.4% 5.2%
Non-GAAP Operating Earnings $90 $52 73%
% of Sales   11.9%   6.9%    
Services Segment
Sales $465 $476 -2%
GAAP Operating Earnings $55 $68 -19%
% of Sales 11.8% 14.3%
Non-GAAP Operating Earnings $66 $74 -11%
% of Sales   14.2%   15.5%    
 

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



Review Article Be the first to review this article
Featured Video
Editorial
More Editorial  
Upcoming Events
MPSoc Forum 2017 - July 2 - 7, 2017, Les Tresoms Hotel, Annecy, France at Les Tresoms Hotel Annecy France - Jul 2 - 7, 2017
SEMICON West 2017 at Moscone Center San Francisco CA - Jul 11 - 13, 2017
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
DVCon India 2017, Sept 14 - 15, 2017 at The Leela Palace Bengalore India - Sep 14 - 15, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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