Motorola Solutions Reports First-Quarter 2020 Financial Results

  • Revenue of $1.7 billion, flat versus a year ago
  • GAAP earnings per share (EPS) of $1.12, up 30%
  • Non-GAAP EPS* of $1.49, up 16%
  • Backlog of $10.4 billion, up $48 million versus a year ago, inclusive of $462 million of unfavorable currency rates
  • Generated $308 million of operating cash flow, up 23%

CHICAGO — (BUSINESS WIRE) — May 7, 2020 — Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the first quarter of 2020. Click here for a printable news release and financial tables.

“In Q1, we generated strong earnings and cash flow with solid demand for video security and software & services," said Greg Brown, chairman and CEO of Motorola Solutions. "The mission critical nature of our solutions, coupled with our strong balance sheet provides us with a solid foundation to navigate this unprecedented and dynamic environment.”

KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)

 

 

Q1 2020

   

Q1 2019

   

% Change

Sales

 

$1,655

   

$1,657

   

—%

GAAP

 

 

   

 

   

 

Operating Earnings

 

$259

   

$229

   

13%

% of Sales

 

15.6%

   

13.8%

   

 

EPS

 

$1.12

   

$0.86

   

30%

Non-GAAP*

 

 

   

 

   

 

Operating Earnings

 

$347

   

$315

   

10%

% of Sales

 

21.0%

   

19.0%

   

 

EPS

 

$1.49

   

$1.28

   

16%

Products and Systems Integration Segment

 

 

   

 

   

 

Sales

 

$993

   

$1,069

   

(7)%

GAAP Operating Earnings

 

$92

   

$108

   

(15)%

% of Sales

 

9.3%

   

10.1%

   

 

Non-GAAP Operating Earnings*

 

$123

   

$147

   

(16)%

% of Sales

 

12.4%

   

13.8%

   

 

Software and Services Segment

 

 

   

 

   

 

Sales

 

$662

   

$588

   

13%

GAAP Operating Earnings

 

$167

   

$121

   

38%

% of Sales

 

25.2%

   

20.6%

   

 

Non-GAAP Operating Earnings*

 

$224

   

$168

   

33%

% of Sales

 

33.8%

   

28.6%

   

 


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