Company raises full-year earnings outlook
- Sales of $1.9 billion, up 13 percent
- Backlog of $9.5 billion, up $572 million or 6 percent from a year ago
- Generated $338 million of operating cash flow, up 25 percent
- GAAP earnings per share (EPS) of $1.43, up 14 percent
- Non-GAAP EPS* of $1.94, up 27 percent
CHICAGO — (BUSINESS WIRE) — November 1, 2018 — Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the third quarter of 2018. Click here for a printable news release and financial tables.
"Q3 was another strong quarter of revenue and earnings growth,” said Greg Brown, chairman and CEO of Motorola Solutions. “Our overall business performance, along with our record Q3 backlog, provides solid momentum moving forward.”
KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)
| Q3 2018 | Q3 2017 | % Change | |||||||
| Sales | $1,862 | $1,645 | 13 | % | |||||
| GAAP | |||||||||
| Operating Earnings | $294 | $347 | (15 | )% | |||||
| % of Sales | 15.8 | % | 21.1 | % | |||||
| EPS | $1.43 | $1.25 | 14 | % | |||||
| Non-GAAP | |||||||||
| Operating Earnings | $452 | $412 | 10 | % | |||||
| % of Sales | 24.3 | % | 25.0 | % | |||||
| EPS | $1.94 | $1.53 | 27 | % | |||||
| Products and Systems Integration Segment | |||||||||
| Sales | $1,288 | $1,174 | 10 | % | |||||
| GAAP Operating Earnings | $183 | $266 | (31 | )% | |||||
| % of Sales | 14.2 | % | 22.7 | % | |||||
| Non-GAAP Operating Earnings | $276 | $285 | (3 | )% | |||||
| % of Sales | 21.4 | % | 24.3 | % | |||||
| Services and Software Segment | |||||||||
| Sales | $574 | $471 | 22 | % | |||||
| GAAP Operating Earnings | $111 | $81 | 37 | % | |||||
| % of Sales | 19.3 | % | 17.2 | % | |||||
| Non-GAAP Operating Earnings | $176 | $127 | 39 | % | |||||
| % of Sales | 30.7 | % | 27.0 | % | |||||
