Motorola Solutions Reports Third-Quarter 2018 Financial Results

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 %    
 

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