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
CST: Webinar September 14, 2017

Synopsys: Custom Compiler

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Real Intent: Leveraging on Investments
More Editorial  
Jobs
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Field Application Engineer for Teradyne Inc at San Jose, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
FPGA Engineer for Teradyne Inc at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Analog Hardware Engineer for Teradyne Inc at San Jose, CA
Upcoming Events
CODES+ISSS 2017, Oct 15-20, 2017, Lotte Hotel, Seoul, South Korea at Lotte Hotel Seoul Korea (North) - Oct 15 - 20, 2017
DVCon 2017 Europe, Oct 16 - 17, 2017, Munich, Germany at Holiday Inn Munich City Centre Munich Germany - Oct 16 - 17, 2017
11th International Symposium on Networks-on-Chip (NOCS 2017) at Seoul Korea (South) - Oct 19 - 20, 2017



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 PolicyAdvertise