Motorola Solutions Reports Fourth-Quarter and Full-Year 2014 Financial Results

FOURTH-QUARTER HIGHLIGHTS

  • Fourth-quarter sales flat from a year ago, including $27 million of unfavorable foreign currency impact
  • North America sales grew 4 percent from a year ago, driven by record Product sales
  • Completed $4.2 billion U.S. pension de-risking transaction, including a $1.9 billion non-recurring charge, resulting in fourth-quarter GAAP loss per share from continuing operations* of $4.02
  • Non-GAAP** earnings per share (EPS) from continuing operations of $1.25 driven by North America sales growth and lower overall operating expenses
  • Returned $1.5 billion to shareholders in share repurchases and dividends in the quarter; $2.9 billion for the full year

SCHAUMBURG, Ill. — (BUSINESS WIRE) — February 4, 2015Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the fourth quarter and full year of 2014. Click here for a printable news release and financial tables.

SUPPORTING QUOTE

“Our fourth-quarter results demonstrate a solid finish to a transformational year,” said Greg Brown, chairman and CEO of Motorola Solutions. “The business continues to show signs of improvement, driven by growth in North America and significantly higher backlog. Our ongoing progress to simplify our organization and rationalize our cost structure will further position us for long-term success.”

KEY FINANCIAL RESULTS

         
  Fourth Quarter   Full Year
    2014   2013   Change   2014   2013   Change
Motorola Solutions, Inc.                        
    Sales ($M)   $1,823   $1,817   0%   $5,881   $6,227   -6%
GAAP                        
    Operating earnings (loss) ($M)   -$1,459   $325   -549%   -$1,006   $947   -206%
    Percent of sales   -80.0%   17.9%       -17.1%   15.2%    
    EPS from continuing operations   -$4.02   $1.12   -459%   -$2.84   $3.45   -182%
Non-GAAP                        
    Operating earnings ($M)   $483   $396   22%   $1,069   $1,156   -8%
    Percent of sales   26.5%   21.8%       18.2%   18.6%    
    EPS from continuing operations   $1.25   $1.37   -9%   $2.58   $3.86   -33%
                             

Segments

                       
Products                        
    Sales ($M)   $1,246   $1,212   3%   $3,807   $4,109   -7%
    GAAP operating earnings (loss) ($M)   -$944   $237   -498%   -$667   $639   -204%
    Percent of sales   -75.8%   19.6%       -17.5%   15.6%    
    Non-GAAP operating earnings ($M)   $394   $283   39%   $754   $775   -3%
    Percent of sales   31.6%   23.3%       19.8%   18.9%    
                         
Services                        
    Sales ($M)   $577   $605   -5%   $2,074   $2,118   -2%
    GAAP operating earnings (loss) ($M)   -$515   $88   -685%   -$339   $308   -210%
    Percent of sales   -89.3%   14.5%       -16.3%   14.5%    
    Non-GAAP operating earnings ($M)   $89   $113   -21%   $315   $381   -17%
    Percent of sales   15.4%   18.7%       15.2%   18.0%    
           

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



Review Article Be the first to review this article
 True Circuits: Ultra PLL

Featured Video
Jobs
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
Methodics User Group Meeting at Maxim Integrated 160 Rio Robles San Jose CA - Jun 5 - 6, 2018
2018 FLEX Korea at Room 402/ 403, COEX Seoul Korea (South) - Jun 20 - 21, 2018
DAC 2018 at Moscone Center West San Francisco CA - Jun 24 - 28, 2018
IEEE 5G World FOrum at 5101 Great America Parkway Santa Clara CA - Jul 9 - 11, 2018
DownStream: Solutions for Post Processing PCB Designs
TrueCircuits: UltraPLL
DAC2018



Internet Business Systems © 2018 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