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24-Oct-2016 1:03 PM

Rockwell Collins reports operating profit growth in FY2016

Rockwell Collins revenue up 5% - financial highlights:

  • Three months ended 30-Sep-2016:
    • Revenue: USD1455 million, +5.1% year-on-year;
      • Total commercial systems: USD610 million, -4.1%;
        • Original equipment: USD351 million, -6.0%;
        • Aftermarket: USD251 million, stable;
        • Widebody inflight entertainment: USD8 million, -38%;
    • Operating profit: USD326 million, +7.2%;
      • Commercial systems: USD130 million, -11.0%;
    • Net profit: USD208 million, +13.0%;
  • 12 months ended 30-Sep-2016:
    • Revenue: USD5259 million, +0.3%;
      • Commercial systems: USD2395 million, -1.6%;
    • Operating profit: USD1115 million, +0.8%;
      • Commercial systems: USD531 million, -4.2%;
    • Net profit: USD728 million, +6.1%;
    • Total assets: USD7707 million;
    • Cash and cash equivalents: USD340 million;
    • Total liabilities: USD5623 million. [more - original PR]

Rockwell Collins: "As we look to fiscal year 2017, we expect continued recovery in Government Systems driven by an improved budget environment. We also expect our Information Management Services business will continue to grow as a result of the ongoing demand for aircraft connectivity. Our Commercial Systems business is expected to be flat as air transport OEM growth is being offset by lower business jet sales and aftermarket parts recycling. We look forward to completing the acquisition of B/E Aerospace which will significantly enhance our long-term outlook." Kelly Ortberg, President and CEO. Source: Company statement, 23-Oct-2016.

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