- Revenue of $1.7 billion, flat versus a year ago
- GAAP earnings per share (EPS) of $1.12, up 30%
- Non-GAAP EPS* of $1.49, up 16%
- Backlog of $10.4 billion, up $48 million versus a year ago, inclusive of $462 million of unfavorable currency rates
- Generated $308 million of operating cash flow, up 23%
CHICAGO — (BUSINESS WIRE) — May 7, 2020 — Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the first quarter of 2020. Click here for a printable news release and financial tables.
“In Q1, we generated strong earnings and cash flow with solid demand for video security and software & services," said Greg Brown, chairman and CEO of Motorola Solutions. "The mission critical nature of our solutions, coupled with our strong balance sheet provides us with a solid foundation to navigate this unprecedented and dynamic environment.”
KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)
|
Q1 2020 |
Q1 2019 |
% Change |
|||||
Sales |
$1,655 |
$1,657 |
—% |
|||||
GAAP |
|
|
|
|||||
Operating Earnings |
$259 |
$229 |
13% |
|||||
% of Sales |
15.6% |
13.8% |
|
|||||
EPS |
$1.12 |
$0.86 |
30% |
|||||
Non-GAAP* |
|
|
|
|||||
Operating Earnings |
$347 |
$315 |
10% |
|||||
% of Sales |
21.0% |
19.0% |
|
|||||
EPS |
$1.49 |
$1.28 |
16% |
|||||
Products and Systems Integration Segment |
|
|
|
|||||
Sales |
$993 |
$1,069 |
(7)% |
|||||
GAAP Operating Earnings |
$92 |
$108 |
(15)% |
|||||
| % of Sales |
9.3% |
10.1% |
|
|||||
| Non-GAAP Operating Earnings* |
$123 |
$147 |
(16)% |
|||||
| % of Sales |
12.4% |
13.8% |
|
|||||
| Software and Services Segment |
|
|
|
|||||
| Sales |
$662 |
$588 |
13% |
|||||
| GAAP Operating Earnings |
$167 |
$121 |
38% |
|||||
| % of Sales |
25.2% |
20.6% |
|
|||||
| Non-GAAP Operating Earnings* |
$224 |
$168 |
33% |
|||||
| % of Sales |
33.8% |
28.6% |
|
