Rockwell Collins revenue up 12%, profits down in 3QFY2010

Rockwell Collins revenue up 12% - financial highlights for the three months ended 30-Jun-2010:

• Revenue: USD1,214 million, +12.0% year-on-year;
  • Commercial Systems: USD+6.2%;
    • Original equipment: USD240 million, +13.7%;
    • Aftermarket: USD210 million, +5.5%;
    • Widebody in-flight entertainment products: USD10 million, -56.5%;
• Operating profit: USD228 million, -2.1%;
  • Commercial Systems: USD75 million, stable;
• Net profit: USD142 million, -2.1%;
• FY2010 Outlook:
  • Revenue: USD4,700 million, from the previous forecast of USD4,600 to USD4,800 million;
  • Segment operating margin: 19%, updated from the previous forecast of 18.5% to 19.5%;
  • Earnings per share: USD3.50, updated from the previous forecast of USD3.35 to USD3.55;
  • Capital Expenditure: USD135 million. [more]

Rockwell Collins: "Despite continued uncertainty in the global economic recovery our business continued to perform very well relative to the expectations we communicated in September, 2009. Both business segments posted year-over-year increases in revenue for the first time since the fourth quarter of fiscal year 2008 as the commercial markets show solid improvement," Clay Jones, Chairman, President and Chief Executive Officer. Source: Rockwell Collins, 16-Jul-2010.