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TheStreet Open House

Motorola Solutions Reports Third-Quarter 2013 Financial Results

Stocks in this article: MSI

Motorola Solutions, Inc. (NYSE: MSI):

  • Sales of $2.1 billion, down 2 percent from a year ago
  • GAAP earnings per share (EPS)* of $1.16, up 61 percent from a year ago
  • Non-GAAP** EPS of $1.32, up 57 percent from a year ago
  • Returned $494 million to shareholders through share repurchase, dividends
     
    Third Quarter
   

2013

 

2012

 

Change

Total sales ($M)   $2,112   $2,153   -2%
GAAP operating earnings ($M)   $320   $324   -1%
Non-GAAP operating earnings ($M)   $397   $387   3%
GAAP EPS   $1.16   $0.72   61%
Non-GAAP EPS   $1.32   $0.84   57%
     

Click here for printable press release and financial tables.

Motorola Solutions, Inc. (NYSE: MSI) announced today third-quarter 2013 sales of $2.1 billion, down 2 percent from the third quarter of 2012. Government sales were down 4 percent, while Enterprise sales grew 2 percent.

“In the third quarter, we expanded operating margins, reduced costs and delivered double-digit EPS growth,” said Greg Brown, chairman and CEO, Motorola Solutions. “In addition, we are on track to achieve 18 percent operating margin for the full year.”

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