Motorola Solutions(MSI)
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Motorola Solutions(MSI) - 2022 Q1 - Earnings Call Presentation
2022-05-12 21:54
A MOTOROLA SOLUTIONS EARNINGS PRESENTATION Q1 2022 RESULTS | May 12, 2022 SAFE HARBOR A number of forward-looking statements will be made during this presentation. Forward-looking statements are any statements that are not historical facts. These forward-looking statements are based on the current expectations of Motorola Solutions, and we can give no assurance that any future results or events discussed in these statements will be achieved. Any forward-looking statements represent our views only as of toda ...
Motorola Solutions(MSI) - 2021 Q4 - Annual Report
2022-02-16 22:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-K _____________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File number 1-7221 _____________________________ MOTOROLA SOLUTIONS, INC. (Exact name of registrant ...
Motorola Solutions(MSI) - 2021 Q4 - Earnings Call Transcript
2022-02-10 07:46
Financial Data and Key Metrics Changes - Q4 revenue was $2.3 billion, up 2%, including $10 million from acquisitions and $6 million from favorable currency [13] - GAAP operating earnings were $549 million with operating margins at 23.7%, compared to 24.4% in the previous year [13] - Non-GAAP operating earnings were $670 million, up $3 million, with non-GAAP operating margins at 28.9%, down 40 basis points due to higher operating expenses [13] - For the full year, revenue was $8.2 billion, up 10%, with GAAP operating earnings at $1.7 billion, or 20.4% of sales, compared to 18.7% in the prior year [15] - Non-GAAP earnings per share was $9.15, up 19% from $7.69 in 2020 [16] Business Line Data and Key Metrics Changes - Products and Systems Integration Q4 sales were $1.5 billion, down 1%, impacted by supply constraints [21] - Software and Services Q4 revenue was $824 million, up 8%, driven by growth in LMR services and video security software [24] - For the full year, Software and Services revenue was $3.1 billion, up 13%, with operating earnings at $1.1 billion or 36.4% of sales, up 210 basis points [26] Market Data and Key Metrics Changes - North America Q4 revenue was $1.6 billion, up 4%, while international revenue was $705 million, down 3% [27] - For the full year, North America revenue was $5.6 billion, up 11%, and international revenue was $2.6 billion, up 9% [27] Company Strategy and Development Direction - The company aims for approximately 7% sales growth in 2022, with mid-single-digit growth in Products and Systems Integration and about 10% growth in Software and Services [31] - Continued investment in video security and command center software is a priority, with recent acquisitions enhancing capabilities [35] - The company is navigating supply chain challenges, particularly in semiconductor procurement, while maintaining strong demand across all technologies [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand and backlog, with a record backlog of $13.6 billion, up 19% year-over-year [10][28] - The supply chain environment remains challenging, particularly due to semiconductor shortages, impacting margins in Q1 and Q2 [36][90] - The funding environment for customers is strong, with significant opportunities from government contracts and stimulus funding [75][76] Other Important Information - The company returned approximately $1 billion to shareholders through share repurchases and dividends in 2021 [35] - The effective tax rate for 2021 was 21%, compared to 20% in the prior year [17] Q&A Session Summary Question: Can you talk about the Airwave extension and its economics? - The Airwave contract was extended by 4 years at existing pricing, reflecting its importance for British first responders [44] Question: What is the outlook for the video security market? - Video security and access control grew 32% in 2021, with expectations for approximately 20% growth in 2022 [47] Question: Are there supply chain issues beyond semiconductors? - The primary challenges are related to semiconductors, with elevated freight costs also impacting the supply chain [70] Question: How does the backlog pricing work? - Backlog pricing is largely fixed and cannot be repriced, which will impact margins in Q1 and Q2 [60] Question: What is the impact of the criminal actions against Hytera? - The criminal indictment against Hytera is expected to increase pressure on them, potentially affecting their operations in the U.S. [95]
Motorola Solutions(MSI) - 2021 Q3 - Earnings Call Presentation
2021-11-05 20:12
A MOTOROLA SOLUTIONS EARNINGS PRESENTATION Q3 2021 RESULTS | November 4, 2021 SAFE HARBOR A number of forward-looking statements will be made during this presentation. Forward-looking statements are any statements that are not historical facts. These forward-looking statements are based on the current expectations of Motorola Solutions, and we can give no assurance that any future results or events discussed in these statements will be achieved. Any forward-looking statements represent our views only as of ...
Motorola Solutions(MSI) - 2021 Q3 - Earnings Call Transcript
2021-11-05 03:40
Motorola Solutions, Inc. (NYSE:MSI) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ET Company Participants Tim Yocum - Vice President-Investor Relations Greg Brown - Chairman and Chief Executive Officer Jason Winkler - Executive Vice President and Chief Financial Officer Jack Molloy - Executive Vice President, Worldwide Products, Sales & Services Mahesh Saptharishi - Senior Vice President and CTO, Software Enterprise & Mobile Video Conference Call Participants Tim Long - Barclays Sami Badri - Cre ...
Motorola Solutions(MSI) - 2021 Q2 - Earnings Call Transcript
2021-08-07 03:56
Call Start: 17:00 January 1, 0000 5:52 PM ET Motorola Solutions, Inc. (NYSE:MSI) Q2 2021 Earnings Conference Call August 5, 2021 17:00 ET Company Participants Tim Yocum - Vice President of Investor Relations Greg Brown - Chairman & Chief Executive Officer Jason Winkler - Executive Vice President & Chief Financial Officer Jack Molloy - Executive Vice President of World Wide Products & Sales Mahesh Saptharishi - Senior Vice President & Chief Technology Officer, Software Enterprise & Mobile Video Conference Ca ...
Motorola Solutions(MSI) - 2021 Q2 - Earnings Call Presentation
2021-08-06 15:53
A MOTOROLA SOLUTIONS EARNINGS PRESENTATION Q2 2021 RESULTS | August 5, 2021 SAFE HARBOR A number of forward-looking statements will be made during this presentation. Forward-looking statements are any statements that are not historical facts. These forward-looking statements are based on the current expectations of Motorola Solutions, and we can give no assurance that any future results or events discussed in these statements will be achieved. Any forward-looking statements represent our views only as of to ...
Motorola Solutions (MSI) Investor Presentation - Slideshow
2021-05-26 23:52
A MOTOROLA SOLUTIONS 1 INVESTOR OVERVIEW MAY 2021 Ushering in a new era of public safety and security $42B Addressable Market 13K LMR Networks Worldwide 60%+ 911 Centers in U.S. use our Software 37% % of 2020 revenue from Software & Services, a proxy for ARR 113% Annual Free Cash Flow Conversion Avg. Since 2015 18% CAGR Non-GAAP EPS Growth Since 2015 MOTOROLA SOLUTIONS We are the global leader in mission critical communications and analytics Our integrated platform for public and enterprise safety, unifies ...
Motorola Solutions(MSI) - 2021 Q1 - Earnings Call Presentation
2021-05-07 15:33
A MOTOROLA SOLUTIONS EARNINGS PRESENTATION Q1 2021 RESULTS | May 6, 2021 SAFE HARBOR A number of forward-looking statements will be made during this presentation. Forward-looking statements are any statements that are not historical facts. These forward-looking statements are based on the current expectations of Motorola Solutions, and we can give no assurance that any future results or events discussed in these statements will be achieved. Any forward-looking statements represent our views only as of today ...
Motorola Solutions(MSI) - 2021 Q1 - Earnings Call Transcript
2021-05-07 03:04
Motorola Solutions, Inc. (NYSE:MSI) Q1 2021 Earnings Conference Call May 6, 2021 5:00 PM ET Company Participants Tim Yocum - Vice President of Investor Relations Greg Brown - Chairman & Chief Executive Officer Jason Winkler - Executive Vice President & Chief Financial Officer Jack Molloy - Executive Vice President of Products & Sales Kelly Mark - Executive Vice President of Software & Services Conference Call Participants Tim Long - Barclays Adam Tindle - Raymond James Meta Marshall - Morgan Stanley Louie D ...