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Dec 31, 2019
Motorola Q4 2019 Earnings Report
Reported record sales, cash flow, and backlog, bolstered by strong fourth-quarter results.
Key Takeaways
Motorola Solutions reported a 5% increase in revenue to $2.4 billion, driven by strength in the Americas. GAAP EPS was $1.39, including a $1.53 non-cash charge. Non-GAAP EPS was $2.94, up 12%. The company generated $795 million in operating cash flow and ended the quarter with a record backlog of $11.3 billion.
Revenue of $2.4 billion, up 5% from Q4 in the prior year.
Record backlog of $11.3 billion, up $659 million or 6% from a year ago.
GAAP earnings per share (EPS) of $1.39, inclusive of a $1.53 per share non-cash charge related to US pension de-risking.
Non-GAAP EPS of $2.94, up 12%.
Revenue by Segment
Forward Guidance
The Company expects revenue growth of approximately 2% compared with the first quarter of 2019. The company expects non-GAAP earnings per share in the range of $1.30 to $1.35 per share. For full year 2020, the company expects revenue growth of approximately 4% and non-GAAP earnings per share in the range of $8.65 to $8.80 per share.
Positive Outlook
- Expects revenue growth of approximately 2% compared with the first quarter of 2019.
- Expects non-GAAP earnings per share in the range of $1.30 to $1.35 per share for Q1 2020.
- Assumes current foreign exchange rates for Q1 2020.
- Assumes approximately 176 million fully diluted shares for Q1 2020.
- Assumes a 20% effective tax rate for Q1 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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