20-Apr-2012 11:06 AM
Rockwell Collins reports mixed profits in 2QFY2012, downgrades FY2012 sales forecast
Rockwell Collins revenue down 5% - financial highlights:
- Three months ended 31-Mar-2012:
- Sales revenue: USD1161 million, -4.5% year-on-year;
- Commercial Systems: USD533 million, +6.6%;
- Segment operating profit: USD240 million, -0.4%;
- Commercial Systems: USD112 million, +23.1%;
- Net profit: USD161 million, +7.3%;
- Sales revenue: USD1161 million, -4.5% year-on-year;
- Six months ended 31-Mar-2012:
- Sales revenue: USD2255 million, -2.8%;
- Commercial Systems: USD1044 million, +9.4%;
- Segment operating profit: USD458 million, +0.9%;
- Commercial Systems: USD213 million, +23.1%;
- Net profit: USD291 million, -3.3%;
- Total assets: 5207 million, -3.4%;
- Cash and cash equivalents: USD297 million, -44.0%;
- Total liabilities: USD3873 million, +0.3%;
- Sales revenue: USD2255 million, -2.8%;
- FY2012 forecast:
- Total sales revenue: USD4850 million, downgraded from USD4900 million to USD5000 million;
- Segment operating margin: 20.5% to 21.5%;
- Earnings per share from continuing operations: USD4.40 to USD4.60;
- Operating cash flow: USD625 million to USD725 million;
- Capital expenditure: USD150 million. [more - original PR]
Rockwell Collins: "Both business segments are expected to experience growth in the second half of the year, but at a lower level than previously expected. However, our focus on controlling cost in a volatile environment should still allow us to achieve full year earnings per share in the range of USD4.40 to USD4.60," Clay Jones, chairman, president and CEO. Source: Company statement, 19-Apr-2012.