Motorola Solutions Reports Second-Quarter 2019 Financial Results

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%

 


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