20-Jan-2012 12:10 PM
Rockwell Collins reports mixed profits in 1QFY2012
Rockwell Collins revenue down 0.9% - financial highlights for three months ended 31-Dec-2011:
- Revenue: USD1094 million, -0.9% year-on-year;
- Commercial systems: USD511 million, +12.6%;
- Air transport aviation electronics: USD269 million, +10.2%;
- Commercial systems: USD511 million, +12.6%;
- Segment operating profit: USD218 million, +2.3%;
- Commercial systems: USD101 million, +23.2%;
- Net profit: USD130 million, -13.9%;
- Total assets: USD5168 million, -4.1% when compared to period ended 30-Sep-2011;
- Cash and cash equivalents: USD286 million, -46.0% when compared to period ended 30-Sep-2011;
- Total liabilities: USD3906, +1.2% when compared to period ended 30-Sep-2011;
- FY2012 forecast:
- Revenue: USD4900 million to USD5000 million;
- Segment operating profit margin: 20.5% to 21.5%;
- Research and development costs: USD900 million;
- Capital expenditure: USD150 million. [more - original PR]
Rockwell Collins: "I'm encouraged by the improved market environment this quarter, including passage of the 2012 Defense Appropriations bill and continued robust commercial market conditions, which strengthens my confidence in our 2012 earnings per share guidance range of USD4.40 to USD4.60," chairman, president and CEO, Clay Jones. Source: Rockwell Collins, 19-Jan-2012.