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Motorola Solutions Reports Third-Quarter 2013 Financial Results

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.”

Stock quotes in this article: MSI 

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