- Expanded Public Safety LTE portfolio with LEX L10 mission-critical handheld device, which comes equipped with Motorola Solutions’ new Public Safety Experience that provides first responders with the right information at their fingertips
- Introduced ASTRO 25 Cloud Core Managed Service offering, which enables public safety agencies to access the latest Project 25 land mobile radio technology as well as provide a communications platform for long-term growth and new capabilities
- Expanded MOTOTRBO™ digital portable radio portfolio with slim, lightweight SL300 and SL1600 models ideal for everyday use in industries such as education, retail, hospitality, event management and private security
BUSINESS OUTLOOK***
- First quarter 2015 – Motorola Solutions expects a revenue decline of 2 to 4 percent compared with the first quarter of 2014. This assumes a $40 million**** unfavorable currency impact, which translates to revenue growth of -1 to 1 percent in constant currency. The company’s outlook assumes growth in North America, contraction in Europe and a decline in iDEN revenues. The company expects non-GAAP earnings per share from continuing operations in the range of $0.22 to $0.27 per share.
- Full-year 2015 – The company expects revenue to be flat to down 2 percent compared to 2014. This assumes a $160 million**** unfavorable currency impact, which translates to revenue growth of 1 to 3 percent in constant currency. The company’s outlook assumes growth in North America, contraction in Europe and a decline in iDEN revenues. The company expects non-GAAP earnings per share from continuing operations in the range of $3.15 to $3.35 per share.
****Based on currency rates as of Feb. 2, 2015.
CONFERENCE CALL AND WEBCAST
Motorola Solutions will host its quarterly conference call beginning at 7 a.m. U.S. Central Standard Time (8 a.m. U.S. Eastern Standard Time) Wednesday, Feb. 4. The conference call will be webcast live with audio and slides at www.motorolasolutions.com/investor.
CONSOLIDATED GAAP RESULTS
A comparison of results from operations is as follows:
|
Fourth Quarter |
Full Year |
|||||||
|
2014 |
2013 |
2014 |
2013 |
|||||
| Net sales ($M) | $1,823 | $1,817 | $5,881 | $6,227 | ||||
| Gross margin ($M) | 912 | 901 | 2,831 | 3,109 | ||||
| Operating earnings (loss) ($M) | -1,459 | 325 | -1,006 | 947 | ||||
| Earnings (loss) from continuing operations ($M) | -926 | 293 | -696 | 939 | ||||
| Net earnings ($M) | 201 | 343 | 1,299 | 1,099 | ||||
| Diluted EPS from continuing operations | -$4.02 | $1.12 | -$2.84 | $3.45 | ||||
| Weighted average diluted common shares outstanding | 230.5 | 261.2 | 245.6 | 270.5 | ||||
