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21-Jan-2011 11:20 AM

Rockwell Collins revenue up 8%, net profit up 25% in 1QFY2011

Rockwell Collins revenue up 8% - financial highlights for the three months ended 31-Dec-2010:

  • Revenue: USD1110 million, +8.1% year-on-year;
    • Commercial Systems: USD460 million, +11.9%;
      • Original equipment: USD233 million, +15.9%;
      • Aftermarket: USD200 million, +19.8%;
      • Widebody inflight entertainment product and service: USD27 million, -44.2%;
  • Segment operating profit: USD215 million, +6.4%;
    • Commercial Systems: USD84 million, +23.5%;
  • Net profit: USD151 million, +24.8%;
  • Total assets: USD4904 million, -3.2%;
  • Total liabilities: USD3425 million, -4.3%;
  • FY2011 forecast:
    • Sales: USD4.8 billion to USD5.0 billion;
    • Segment operating margins: 19.5% to 20.5%;
    • Earnings per share: USD3.85 to USD4.05;
    • Operating cash flow: USD650 million to USD750 million;
    • Research and development costs: USD900 million to USD950 million;
    • Capital expenditure: USD150 million. [more]

Rockwell Collins: "We are off to a great start for the fiscal year with robust revenue and earnings per share growth. In our commercial business, we posted double-digit growth in OEM and aftermarket revenues as the recovery in that market gains momentum,” Clay Jones, Chairman, President and Chief Executive Officer. Source: Rockwell Collins, 20-Jan-2011.

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