Services and Software wins
- $1.1 billion contract extension through 2022 for the Airwave network in the U.K.
- $71 million services award from Maricopa County, Arizona
- $26 million Next Gen 911 Core Services contract in North America
- $16 million services award in Australia
Products and Systems Integration wins
- $47 million P25 order with Snohomish County, Washington
- $24 million P25 order with Ingham County, Michigan
- $16 million P25 order with Riverside County, California
BUSINESS OUTLOOK
- First-quarter 2019 - Motorola Solutions expects revenue growth of approximately 11 percent compared with the first quarter of 2018. The company expects non-GAAP earnings in the range of $1.11 to $1.16 per share. This assumes current foreign exchange rates, approximately 174 million fully diluted shares and a 25 percent effective tax rate.
- Full-year 2019 - The company expects revenue growth of approximately 6 to 7 percent and non-GAAP earnings per share in the range of $7.55 to $7.70. This assumes current foreign exchange rates, approximately 175 million fully diluted shares and a 25 percent effective tax rate.
CONFERENCE CALL AND WEBCAST Motorola Solutions will host its quarterly conference call beginning at 4 p.m. U.S. Central Standard Time (5 p.m. U.S. Eastern Standard Time) on Thursday, Feb. 7. The conference call will be webcast live at www.motorolasolutions.com/investor.
CONSOLIDATED GAAP RESULTS (presented in millions, except per
share data)
A comparison of results from operations is as
follows:
Fourth Quarter | Full Year | ||||||||
2018 | 2017 | 2018 | 2017 | ||||||
Net sales | $2,254 | $1,957 | $7,343 | $6,380 | |||||
Gross margin | $1,088 | $970 | $3,480 | $3,024 | |||||
Operating earnings | $516 | $503 | $1,255 | $1,284 | |||||
Amounts attributable to Motorola Solutions, Inc. common stockholders | |||||||||
Net earnings (loss) | 423 | (575) | 966 | (155) | |||||
Diluted EPS | $2.44 | ($3.56) | $5.62 | ($0.95) | |||||
Weighted average diluted common shares outstanding | 173.4 | 161.7 | 172.0 | 162.9 |