Record Fourth-Quarter and Full-Year Sales and Operating Earnings
SCHAUMBURG, Ill. — (BUSINESS WIRE) — January 25, 2012 — Motorola Solutions, Inc. (NYSE: MSI):
- Fourth-quarter sales of $2.3 billion, up 5 percent from a year ago
- Fourth-quarter Government sales of $1.5 billion, up 6 percent from a year ago
- Fourth-quarter Enterprise sales of $753 million, up 3 percent from a year ago
- Repurchased $366 million of shares in the quarter; $1.1 billion for the full year
- Contributed an incremental $250 million to the U.S. pension plan in the quarter, with U.S. contributions for the full year totaling $480 million
- Ended the quarter with total cash* of $5.1 billion
| Fourth Quarter | Full Year | |||||||||||
|
(In millions, except earnings per share) |
2011 |
2010 |
Change |
2011 |
2010 |
Change |
||||||
| Total sales | $2,300 | $2,185 | 5% | $8,203 | $7,617 | 8% | ||||||
| GAAP operating earnings | $276 | $272 | 1% | $858 | $751 | 14% | ||||||
| Non-GAAP operating earnings | $444 | $346 | 28% | $1,373 | $1,064 | 29% | ||||||
| GAAP EPS from continuing operations** | $0.54 | $0.49 | 10% | $2.20 | $0.72 | 206% | ||||||
| Non-GAAP*** EPS from continuing operations** | $0.87 | $0.64 | 36% | $2.61 | $1.84 | 42% | ||||||
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