Company raises full-year revenue and earnings outlook
- Revenue of $1.9 billion, up 6% from a year ago
- GAAP earnings per share (EPS) of $1.18, up 12%
- Non-GAAP EPS* of $1.69, up 16%
- Backlog of $10.9 billion, up $1.5 billion or 16% from a year ago
- Generated $251 million of operating cash flow
CHICAGO — (BUSINESS WIRE) — August 1, 2019 — Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the second quarter of 2019. Click here for a printable news release and financial tables.
"Our outstanding Q2 results highlight the strength of our business and the value of our unique public safety ecosystem," said Greg Brown, chairman and CEO of Motorola Solutions. “Our strong revenue and earnings growth in the quarter, combined with our record ending backlog, position us well for continued growth in the second half of 2019 and beyond.”
KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)
|
Q2 2019 |
Q2 2018 |
% Change |
Sales |
$1,860 |
$1,760 |
6% |
GAAP |
|
|
|
Operating Earnings |
$349 |
$273 |
28% |
% of Sales |
18.8% |
15.5% |
|
EPS |
$1.18 |
$1.05 |
12% |
Non-GAAP |
|
|
|
Operating Earnings |
$444 |
$378 |
17% |
% of Sales |
23.9% |
21.5% |
|
EPS |
$1.69 |
$1.46 |
16% |
Products and Systems Integration Segment |
|
|
|
Sales |
$1,238 |
$1,189 |
4% |
GAAP Operating Earnings |
$201 |
$175 |
15% |
% of Sales |
16.2% |
14.7% |
|
Non-GAAP Operating Earnings |
$242 |
$226 |
7% |
% of Sales |
19.5% |
19.0% |
|
Services and Software Segment |
|
|
|
Sales |
$622 |
$571 |
9% |
GAAP Operating Earnings |
$148 |
$98 |
51% |
% of Sales |
23.8% |
17.2% |
|
| Non-GAAP Operating Earnings |
$202 |
$152 |
33% |
| % of Sales |
32.5% |
26.6% |
|
