said Wednesday that its fiscal fourth-quarter profits climbed 25%, helped by strong growth in its systems for commercial airlines.
The company, a maker of communications systems and electronics for aircraft, said earnings rose to $138 million, or 79 cents a share, from $110 million, or 62 cents a share, a year earlier. The latest quarter's EPS included a 7-cent gain on the sale of an affiliate and a 5-cent restructuring charge.
Analysts polled by Thomson First Call had an average estimate for earnings of 77 cents a share. First Call estimates typically exclude one-time items.
Sales for the September quarter rose to $1.06 billion from $963 million. Wall Street predicted sales of $1.07 billion.
Rockwell Collins' commercial systems business, which provides electronic systems for air transport companies and airlines, recorded a 17% increase in fourth-quarter sales to $503 million. The company said that sales from its acquired Evans & Sutherland simulation business added $7 million to sales, while strong demand for new business and air transport aircraft drove a 15% increase in organic revenue.
"The 2006 fourth quarter and forecasted 2007 financial results reflect a shift in our revenue growth profile toward our Commercial Systems business," said Clay Jones, president, chairman and CEO, in a statement.
The company's government systems business, which sells products to the U.S. government and foreign militaries, saw revenue rose 5% to $558 million.
Rockwell Collins backed its September guidance for fiscal 2007 earnings of $3.10 to $3.20 a share, with total sales of $4.2 billion to $4.3 billion. Analysts project earnings of $3.15 a share and revenue of $4.28 billion.
Shares of Rockwell Collins were trading up 74 cents, or 1.3%, to $58.82.