Motorola Solutions Inc

NYSE:MSI   12:29:04 PM EDT
222.32
+4.44 (+2.04%)
Positive Earnings Pre-Announcement

Motorola Solutions Reports First-Quarter 2022 Results

Published: 05/12/2022 20:21 GMT
Motorola Solutions Inc (MSI) - Motorola Solutions Reports First-quarter 2022 Financial Results.
Q1 Non-GAAP Earnings per Share $1.70.
Q1 GAAP Earnings per Share $1.54.
Q1 Sales Rose 7 Percent to $1.9 Billion.
Sees Q2 Non-GAAP Earnings per Share $1.83 to $1.88.
Sees FY Non-GAAP Earnings per Share $9.80 to $9.95.
Sees Q2 Revenue Up 4 to 5 Percent.
Q2 Earnings per Share View $2.09, Revenue View $2.06 Billion -- Refinitiv Ibes Data (analyst estimates).
Q1 Ending Backlog of $13.4 Billion, Up 19% Versus a Year Ago.
Q1 Earnings per Share View $1.61, Revenue View $1.83 Billion -- Refinitiv Ibes Data (analyst estimates).
Maintaining Its Prior Guidance of 7% Revenue Growth for 2022.
FY2022 Earnings per Share View $9.85, Revenue View $8.76 Billion -- Refinitiv Ibes Data (analyst estimates).
During Q1 of 2022, Company Indirectly Experienced Impacts From Russia-ukraine Conflict Within Its Supply Chain.
Future Impacts to Co's Operations From Russia-ukraine Conflict Are Difficult to Estimate.
Does Not Anticipate Current Posture of Russia-ukraine Conflict Will Materially and Adversely Affect Results of Operations.
Motorola Solutions-during Latter Part of Q4 2021,continuing Into Q1 2022, Cost Increases Were Driven by Elevated Lead Times & Increased Material Costs.
Anticipates Increased Costs to Procure Materials Within Semiconductor Market to Continue Through First Half of 2022.
Motorola Solutions- Anticipates Broader Impact of Inflationary Pressures, Increased Material, Supply Chain Costs, Disruptions to Continue Through 2022.
Revenue is expected to be $2.06 Billion
Adjusted EPS is expected to be $1.87

Next Quarter Revenue Guidance is expected to be $2.25 Billion
Next Quarter EPS Guidance is expected to be $2.76

More details on our Analysts Page.