Wed, Feb. 4, 11:56 AM
- With forex expected to have a 3% revenue impact, Motorola Solutions (MSI +0.8%) is guiding for 2015 revenue to be flat to down 2% (adjusting for the Zebra deal), and full-year EPS of $3.15-$3.35. That's unfavorable to a consensus of 1.4% growth and EPS of $3.35.
- Q1 guidance is for revenue to be down 2%-4% Y/Y and EPS of $0.22-$0.27. The consensus (a 29% revenue drop and EPS of $0.46) doesn't appear to take the Zebra deal into account.
- Q4 product revenue +3% Y/Y to $1.25B; services revenue -5% to $577M. Gross margin rose 50 bps Y/Y to 50%, and op. margin 470 bps to 26.5% (job cuts helped).
- Thanks to the Zebra windfall, $1.4B was spent on buybacks in Q4 ($750M through a deal with ValueAct), and $2.5B over the whole of 2014.
- Q4 results, PR
Wed, Feb. 4, 7:05 AM| Comment!
Tue, Feb. 3, 5:30 PM
Tue, Jan. 20, 11:34 AM| Comment!
Nov. 4, 2014, 10:41 AM
- With the company having just reaped $3.45B from the sale of its enterprise hardware unit to Zebra Technologies, Motorola Solutions (MSI +3.2%) has added $5B to its buyback authorization, raising its available funds to $5.6B. $650M was spent on buybacks in Q3.
- Motorola is guiding for Q4 revenue from continuing ops (heavily focused on government sales) to fall 1%-3% Y/Y. EPS guidance is at $1.13-$1.19, mostly below a $1.19 consensus.
- Q3 product revenue from continuing ops -8% Y/Y to $921M; services revenue -1% to $515M. Gross margin fell 270 bps Y/Y to 47.7%, and GAAP opex 10% to $453M.
- The company says its cost-cutting is "ahead of schedule," and that it's on track to achieve $300M/year in opex savings by the end of 2015.
- Q3 results, PR
Nov. 4, 2014, 7:08 AM| Comment!
Nov. 3, 2014, 5:30 PM
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Aug. 5, 2014, 10:56 AM
- Motorola Solutions (MSI -3.1%) is guiding for Q3 revenue to drop 7%-9% Y/Y. EPS from continuing ops, which exclude an enterprise unit that will soon be acquired by Zebra Technologies (ZBRA -5.4%) for $3.45B, is expected to be in a range of $0.35-$0.41.
- The consensus, which includes enterprise sales, is for 0.3% revenue growth and EPS of $1.02. Motorola still expects a full-year revenue decline in the low-to-mid single-digit range.
- Not counting the enterprise unit, Motorola's product revenue fell 10% Y/Y in Q2 to $887M, and its services revenue (driven by past deals) fell 1% to $506M. Gross margin was down 300 bps Y/Y to 47.1%. EPS received a lift from $416M in buybacks.
- The enterprise unit saw revenue drop 8% Y/Y to $560M. Motorola blames "some supply chain and IT execution issues related to transitioning business processes as well as weaker demand in Asia."
- That figure is overshadowing a Q2 beat for Zebra. The inventory/location-tracking hardware firm is guiding for Q3 revenue of $285M-$295M and EPS of $0.81-$0.91 vs. a consensus of $291.3M and $0.88.
- Motorola: Q2 results, PR. Zebra: Q2 results, PR.
Aug. 5, 2014, 7:03 AM| Comment!
Aug. 4, 2014, 5:30 PM
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May. 1, 2014, 7:07 AM
Jan. 22, 2014, 11:23 AM
- Though its Q4 results beat estimates, Motorola Solutions (MSI -3.9%) is guiding for Q1 revenue to be down 4%-6% Y/Y, and for EPS to be in a range of $0.46-$0.52. That's below a consensus for 2.4% revenue growth and EPS of $0.77. Motorola is also guiding for 2014 revenue to be flat to up 2%, worse than a consensus for 3.2% growth.
- Motorola's government sales (71% of revenue) rebounded a bit in Q4, rising 4% Y/Y after declining 4% in Q3. However, the division's op. profit fell 4% to $332M.
- Enterprise sales were flat after rising 2% in Q3. Op. profit rose 5% to $81M.
- Gross margin fell 190 bps Y/Y to 48.4%. Thanks to job cuts, SG&A spend fell 8% to $471M, and R&D spend 6% to $272M.
Jan. 22, 2014, 7:03 AM| Comment!
Jan. 22, 2014, 12:05 AM
Jan. 21, 2014, 5:30 PM
Oct. 23, 2013, 9:23 AM
- Motorola Solutions (MSI) now expects 2013 revenue to be flat Y/Y; the company previously guided for revenue to be flat to up 1%, which itself was lower than prior guidance for 3%-4% growth.
- However, following a big Q3 EPS beat, full-year EPS from continuing ops is expected to be in a range of $4.63-$4.70, above a $4.43 consensus.
- Government sales (69% of revenue), hurt by the shutdown, fell 4% Y/Y in Q3 after dropping 1% in Q2. But enterprise sales saw a bit of a turnaround, rising 2% after falling 5% in Q2.
- The government division had a $299M op. profit, -4% Y/Y. Enterprise had a $98M op. profit, +27% Y/Y and contributing to the EPS beat.
- EPS also received a lift from $425M in buybacks. Gross margin was 48.9%, +10 bps Q/Q and -100 bps Y/Y.
- No details were given on Motorola's plans for its enterprise Wi-Fi unit, which the company is reportedly thinking of selling.
- Q3 results, PR
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Motorola Solutions Incdesigns, manufactures and sells communications infrastructure, devices, system software and applications, and provide services associated with their use. Its products include bar code scanners, mobile computers, & among others.
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