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26-Jan-2015 9:41 AM

Rockwell Collins reports profit in 1QFY2015, raises full year guidance

Rockwell Collins revenue up 16% - financial highlights for three months ended 31-Dec-2014:

  • Revenue: USD1226 million, +16% year-on-year;
  • Commercial systems: USD568 million, +9%;
  • Operating profit: USD252 million, +16%;
  • Commercial systems: USD125 million, +13%;
  • Net profit: USD167 million, +27%;
  • Total assets: USD7140 million;
  • Cash and cash equivalents: USD315 million;
  • Total liabilities: USD5270;
  • FY2015 outlook:
    • Total sales: USD5.2 billion to USD5.3 billion;
    • Segment operating margins: 20.%-21.5%;
    • Earnings per share: USD5.1-5.3 (from USD4.9-5.1);
    • Cash flow from operations: USD700 million to USD800 million (from USD675 million to USD775 million);
    • Total research & development investment: USD1000 million;
    • Capital expenditures: USD200 million. [more - original PR]

Rockwell Collins: "We're off to a great start on our fiscal 2015 plan. In the quarter we realised strong revenue growth in our Commercial Systems and Information Management Services businesses and a stabilisation of revenues in our Government Systems business. With this return to top-line growth, we executed quite well and delivered improved margin performance. The results for the first quarter support our plan for double digit earnings per share and cash flow growth for fiscal year 2015," Kelly Ortberg, CEO and president. Source: Company statement, 23-Jan-2015.

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