- Rockwell Collins (NYSE:COL) misses, as revenues fall 1% Y/Y for Q4.
- CEO Kelly Ortberg wants investors to focus on the positives like "21% operating margins, a 16% improvement in operating cash flow, and a 10% improvement in earnings per share." It's probably worth noting here that a 21% operating margin is down both sequentially and Y/Y.
- Ortberg also says "early action on [COL's] cost structure ... should generate the savings necessary to sustain margins despite another year of continued headwinds in [the] government business in FY14."
- Sales growth by segment: Commercial systems, +3%; government systems, -5%. (PR)
- FY14 outlook: EPS of $4.30-4.50 on sales of $4.5-4.6B (that's consistent with what the company said at the end of last month).