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Rockwell Collins reports 1HFY2011 results, upgrades FY2011 forecast

27-Apr-2011 12:37 PM

Rockwell Collins revenue up 8% - financial highlights for the six months ended 31-Mar-2011:

  • Revenue: USD2333 million, +7.6% year-on-year;
    • Commercial systems: USD967 million, +12.4%;
  • Segment operating profit: USD457 million, +8.6%;
    • Commercial systems: USD176 million, +28.5%;
  • Net profit: USD301 million, +11.9%;
  • Total assets: USD5020 million, -0.9%;
  • Cash and cash equivalents: USD236 million, -45.7%;
  • Total liabilities: USD3443 million, -3.8%;
  • FY2011 forecast:
    • Revenue: USD4800 million to USD5000 million;
    • Segment operating margin: 19.5% to 20.5%;
    • Earnings per share: USD3.90 to USD4.10;
    • Operating cash flow: USD650 million to USd750 million;
    • Capital expenditure: USD150 million. [more]

Rockwell Collins: “As expected, we were able to deliver solid growth across both our businesses with Commercial Systems leading the way. Halfway through our fiscal year, we see continued improving market conditions and sufficient reductions in areas of risk that we are again raising earnings guidance expectations,” Clay Jones, Chairman, President and Chief Executive Officer. Source: Rockwell Collins, 21-Apr-2011.