- Motorola Solutions (NYSE:MSI) is up 1.9% in postmarket trading following a Q4 report where solid results led to record full-year sales, backlog and cash flow.
- Revenues rose 6.4%; on an organic basis, it was up 2%. Backlog rose 15% to a record $9.6B.
- The company posted a loss in GAAP terms, after taking charges of $874M tied to tax reform. Non-GAAP effective tax rate was 32.8% vs. a year-ago 30.7%.
- "We are poised for continued growth in (land-mobile radio) and software and services," says CEO Greg Brown.
- Gross margin grew to $970M from a year-ago $928M.
- Net sales breakout: Products, $1.23B (up 0.6%); Services, $724M (up 10.2%).
- Operating cash is $761M (up $248M Y/Y), and free cash flow came to $740M (up $287M), from higher operating earnings and improved performance in working capital.
- For its Q1, it's guiding to revenue growth of 7% Y/Y and EPS of $0.83-$0.88 (above consensus for $0.82). For the full fiscal 2018, it sees revenue growth of about 5% and EPS of $6.50-$6.65 (well above expectations for $5.94).
- Conference call to come at 5 p.m. ET.
- Press release
- Now read: Motorola Solutions beats by
- Now read: Motorola Solutions beats by $0.06, beats on revenue
.06, beats on revenue
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