Record 2017 sales, cash flow and backlog supported by strong fourth-quarter results
• Revenue of $2 billion, up 4 percent from year ago; up 6 percent for full year
• Organic revenue growth of 2 percent; 3 percent for full year
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• Record backlog of $9.6 billion, up $1.2 billion or 15 percent from a year ago
• GAAP earnings per share (EPS) of ($3.56); ($0.95) for full year, on charges related to tax reform
• Non-GAAP EPS of $2.10, up 3 percent; $5.46 for full year, up 11 percent
• Generated $761 million in operating cash flow; $1.3 billion for full year
CHICAGO - Feb. 1, 2018 - Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the fourth quarter and full year of 2017. Click here for a printable news release and financial tables.
“We finished the year with a very strong fourth quarter, capping a record year for revenue, operating earnings, cash flow and backlog driven by continued organic growth on strength in land-mobile radio (LMR) solutions," said Greg Brown, chairman and CEO of Motorola Solutions. “We are poised for continued growth in LMR and software and services."