Loading
21-Jan-2013 10:30 AM

Rockwell Collins reports mixed profits in 1QFY2013, raises full year earnings per share guidance

Rockwell Collins revenue down 3% - financial highlights for three months ended 31-Dec-2012:

  • Revenue: USD1062 million, -2.9% year-on-year;
    • Commercial systems: USD516 million, +1.0%;
  • Segment operating profit: USD213 million, -2.3%;
    • Commercial systems: USD106 million, +5.0%;
  • Net profit: USD132 million, +1.5%;
  • Total assets: USD5313 million, stable when compared to period ended 30-Sep-2012;
  • Cash and cash equivalents: USD337 million, +0.6% when compared to period ended 30-Sep-2012;
  • Total liabilities: USD4256 million, +5.1% when compared to period ended 30-Sep-2012;
  • FY2013 forecast:
    • Total sales: USD4600 million to USD4700 million;
    • Segment operating margin: 21% to 22%;
    • Earnings per share: USD4.45 to USD4.65, up from previous guidance of USD4.30 to USD4.50;
    • Cash flow from operations: USD500 million to USD600 million;
    • Total research and development investment: USD1000 million;
    • Capital expenditure: USD140 million. [more - original PR]

Rockwell Collins: "We are off to a solid start in this year of transition for our company and should see improving performance throughout the year. Fortunately, we had already incorporated the impact of sequestration in our annual guidance and expect a greater benefit from our FY12 restructuring actions in subsequent quarters as well. Therefore, we are increasingly confident that we can meet or exceed our financial expectations," Clay Jones, Chairman and CEO. Source: Company statement, 18-Jan-2013.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More