This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Rockwell Collins Reports 2012 Earnings Per Share Increased To $4.15

Stocks in this article: COL

Rockwell Collins, Inc. (NYSE: COL) today reported fiscal year 2012 earnings per share of $4.15, an increase of 5% from earnings per share from continuing operations of $3.94 in 2011. Earnings per share for 2012 include net restructuring and asset impairment charges of $0.26 per share, compared to an $0.11 per share restructuring charge recorded last year. Excluding the impact of the net restructuring and asset impairment charges in both years, 2012 earnings per share increased 9% to $4.41 per share. The increase in earnings per share resulted from improved total segment operating earnings and the favorable impact from share repurchases.

Total company sales for fiscal year 2012 decreased $80 million, or 2%, to $4.73 billion. The lower sales was driven by an 8% decrease in Government Systems, partially offset by a 7% increase in Commercial Systems sales. Cash provided by operating activities for fiscal year 2012 totaled $534 million compared to $657 million last year. The lower cash flow was a result of higher payments this year for prior year employee incentive compensation costs and higher income tax payments.

Fourth quarter 2012 earnings per share increased to $1.06, or 4%, compared to earnings per share from continuing operations of $1.02 in the fourth quarter of 2011. Included in the fourth quarter 2012 earnings per share are restructuring and asset impairment charges of $0.26 per share. The previous year included an $0.11 per share restructuring charge. Excluding the fourth quarter restructuring and asset impairment charge in each year, earnings per share from continuing operations would have increased 17% to $1.32 per share from $1.13. The company reported sales of $1.27 billion for the fourth quarter of 2012, a decrease of 2%, compared to sales of $1.30 billion for the same period a year ago. Net income decreased 4% to $152 million from $158 million in the same period last year. Total segment operating earnings increased 10% to $297 million, or 23.5% of sales, for the fourth quarter of 2012 versus $271 million, or 20.9% of sales, for the fourth quarter of 2011.

1 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs