2022-02-10

Motorola Solutions Reports Fourth-Quarter and Full-Year Financial Results

Source: Motorola Solutions
Curated by: Gert Jan Wolf - Editor-in Chief for The Critical Communications Review

Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the fourth quarter and full year of 2021. Click here for a printable news release and financial tables.

“Our 2021 results, highlighted by strong growth in both segments, reflect the criticality of our solutions and our team's unwavering execution in a challenging and fluid supply chain environment,” said Greg Brown, chairman and CEO, Motorola Solutions. “Our record backlog and continued robust demand positions us very well for sustained strong growth this year and beyond.”

Company Achieves Record Full-Year Sales, Earnings, Operating Cash Flow and Backlog

  • Sales of $2.3 billion, up 2% from Q4 in the prior year; up 10% for full year
  • Software and Services segment sales grew 8% in Q4; up 13% for full year
  • Record backlog of $13.6 billion, up $1.3 billion in Software and Services and up $886 million in
  • Products and Systems Integration from a year ago
  • GAAP Q4 earnings per share (EPS) of $2.30; $7.17 for full year
  • Non-GAAP Q4 EPS* of $2.85; $9.15 for full year, up 19% from a year ago
  • Record full year operating cash flow of $1.8 billion