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
Synopsys: Custom Compiler

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Qualcomm’s Lu Dai: Energetic leadership for Accellera
More Editorial  
Jobs
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Upcoming Events
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
10th Anniversary of Cyber-Physical Systems Week at Pittsburgh, PA, USA PA - Apr 18 - 21, 2017
S2C: FPGA Base prototyping- Download white paper
TrueCircuits: IoTPLL



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