Company raises full-year revenue and earnings outlook
- Sales of $1.8 billion, up 18 percent from a year ago
- Organic revenue1 growth of 6 percent
- Backlog of $9.4 billion, up $919 million or 11 percent from a year ago
- GAAP earnings per share (EPS) of $1.05, up 35 percent
- Non-GAAP EPS* of $1.46, up 30 percent
CHICAGO — (BUSINESS WIRE) — August 2, 2018 — Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the second quarter of 2018. Click here for a printable news release and financial tables.
"Our outstanding second-quarter results highlight the continued strength of our land-mobile radio business and momentum in services and software," said Greg Brown, chairman and CEO of Motorola Solutions. "With our strong earnings, cash generation and highest Q2 backlog position ever, we are well positioned for continued growth."
KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)
| Q2 2018 | Q2 2017 | % Change | ||||
| Sales | $1,760 | $1,497 | 18% | |||
| GAAP | ||||||
| Operating Earnings | $273 | $261 | 5% | |||
| % of Sales | 15.5% | 17.4% | ||||
| EPS | $1.05 | $0.78 | 35% | |||
| Non-GAAP | ||||||
| Operating Earnings | $378 | $316 | 20% | |||
| % of Sales | 21.5% | 21.1% | ||||
| EPS | $1.46 | $1.12 | 30% | |||
| Products and Systems Integration Segment | ||||||
| Sales | $1,189 | $1,047 | 14% | |||
| GAAP Operating Earnings | $175 | $190 | (8)% | |||
| % of Sales | 14.7% | 18.1% | ||||
| Non-GAAP Operating Earnings | $226 | $204 | 11% | |||
| % of Sales | 19.0% | 19.5% | ||||
| Services and Software Segment | ||||||
| Sales | $571 | $450 | 27% | |||
| GAAP Operating Earnings | $98 | $71 | 38% | |||
| % of Sales | 17.2% | 15.8% | ||||
| Non-GAAP Operating Earnings | $152 | $112 | 36% | |||
| % of Sales | 26.6% | 24.9% | ||||
