2020-02-07

Motorola Solutions reports fourth-quarter and full-year financial results

Source: Motorola Solutions

Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the fourth quarter and full year of 2019. Click here for a printable news release and financial tables. “Our strong Q4 results capped another year of record sales, cash flow and backlog," said Greg Brown, chairman and CEO of Motorola Solutions. “Our momentum, particularly in video security and software & services, positions us well for another strong year."

Revenue of $2.4 billion, up 5% from Q4 in the prior year; up 7% for full 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; $4.95 for full year - Non-GAAP EPS* of $2.94, up 12%; $7.96 for full year, up 11% - Generated $795 million in operating cash flow in the quarter; $1.8 billion for full year