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%;
  • 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%;
  • 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.