Motorola Solutions, Inc. MSI reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance above estimates on Thursday.Motorola Solutions reported quarterly earnings of $3.74 per share which beat the analyst consensus estimate of $3.38 per share. The company reported quarterly sales of $2.79 billion which beat the analyst consensus estimate of $2.76 billion.“Our third-quarter results were exceptional, with record Q3 revenue, earnings and cash flow,” said Greg Brown, cha ...

Core Insights - Motorola Solutions, Inc. (MSI) reported record revenues and operating earnings for Q3 2024, driven by effective operational execution and strong order trends [1][2] - The company raised its guidance for 2024, anticipating continued growth momentum due to robust demand patterns [2][11] Financial Performance - GAAP earnings for the quarter were $562 million or $3.29 per share, up from $464 million or $2.70 per share year-over-year, primarily due to top-line growth [3] - Non-GAAP earnings were $639 million or $3.74 per share, compared to $547 million or $3.19 per share in the previous year, beating the Zacks Consensus Estimate by $0.36 [3] - Quarterly net sales reached a record high of $2.79 billion, reflecting a 9% year-over-year increase, surpassing the consensus estimate of $2.76 billion [4] Revenue Breakdown - North America revenues increased by 13% to $2 billion, driven by growth in LMR, command center software, and video security products [5] - International revenues rose by 1% to $783 million, with growth in video security and command center software partially offset by declines in the UK [5] - Products and Systems Integration segment sales increased to $1.78 billion, while Software and Services segment sales rose 7% to $1 billion [6][7] Operating Metrics - GAAP operating earnings increased to $711 million from $639 million year-over-year, with non-GAAP operating earnings rising to $830 million from $741 million [8] - Overall GAAP operating margin improved to 25.5% from 25%, while non-GAAP operating margin increased to 29.7% from 29% [9] Cash Flow and Liquidity - The company generated $759 million in cash from operating activities in Q3, compared to $714 million in the same quarter last year [10] - Free cash flow for the quarter was $702 million, with $31 million worth of stock repurchased [10] Future Outlook - The company raised its 2024 non-GAAP earnings guidance to a range of $13.63-$13.68 per share, up from $13.22-$13.30, with revenue growth expectations increased to 8.25% [11] - Motorola is positioned for growth due to disciplined capital deployment and a strong balance sheet, with anticipated strong demand across various product lines [12]

For the quarter ended September 2024, Motorola (MSI) reported revenue of $2.79 billion, up 9.2% over the same period last year. EPS came in at $3.74, compared to $3.19 in the year-ago quarter.The reported revenue represents a surprise of +1.05% over the Zacks Consensus Estimate of $2.76 billion. With the consensus EPS estimate being $3.38, the EPS surprise was +10.65%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Motorola (MSI) came out with quarterly earnings of $3.74 per share, beating the Zacks Consensus Estimate of $3.38 per share. This compares to earnings of $3.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.65%. A quarter ago, it was expected that this communications equipment maker would post earnings of $3.01 per share when it actually produced earnings of $3.24, delivering a surprise of 7.64%.Over the last four quarters ...

Motorola Solutions, Inc. (MSI) is scheduled to report third-quarter 2024 results on Nov. 7, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 7.64%. It pulled off a trailing four-quarter earnings surprise of 8.06%, on average.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Chicago-based company is expected to have recorded higher revenues year over year on the back of growth in both segments, Products and Systems Integration and ...

Motorola Solutions, Inc. (MSI) is advancing the capabilities of real-time crime centers (RTCCs) by integrating 9-1-1 intelligence to improve the Glendale Police Department's response during critical incidents in the United States. This cutting-edge technology streams 9-1-1 call data — comprising real-time transcripts, translations, AI-generated evolving summaries and multimedia contributions from the community — directly into RTCCs, enabling quicker and more informed law enforcement actions. What MSI Brings ...

Motorola Solutions, Inc. (MSI) recently announced that Tyne and Wear Fire and Rescue Service has opted to deploy Motorola Control Room Solution ("CRS") to bolster its emergency response capabilities. The agency operates 17 community fire stations, serving around 1 million people across northeast England. In addition to fire incidents, the agency also provides emergency services during road traffic collisions, civil emergencies and water and structural rescues. With an average response time of 5 minutes 58 s ...

Motorola Solutions, Inc. (MSI) recently announced that the German Federal State of Thuringia has opted to deploy the advanced VB400 body cameras for its police forces. Per the agreement inked with the Thuringian Ministry of the Interior, Motorola will supply more than 1,200 VB400 body cameras to the state police. Motorola has been a trusted partner of public safety organizations in Germany for over half a decade. The recent venture will further solidify its foothold in the region. The VB400 camera offers fu ...

Here's the case for why this "steady-Eddie" investment is still worth buying -- even near all-time highs. Some stocks have total-return charts that border on the edge of being art. Posting steady returns, seemingly year in and year out, these resilient businesses are proof of the mantra, "winners keep winning." One company that fits this billing quite well is leading public safety and enterprise-security services provider Motorola Solutions (MSI 2.94%). Since its spinoff in 2011, Motorola has more than doub ...

Core Viewpoint - Motorola's stock has shown strong performance, with a 27.3% increase year-to-date, outperforming both the Zacks Computer and Technology sector and the Zacks Wireless Equipment industry [1] Financial Performance - Motorola reported an EPS of $3.24 in its last earnings report, exceeding the consensus estimate of $3.01, and beat revenue estimates by 1.53% [2] - For the current fiscal year, Motorola is projected to achieve earnings of $13.09 per share on revenues of $10.69 billion, reflecting a 9.54% increase in EPS and a 7.13% increase in revenues [3] - The next fiscal year forecasts earnings of $14.15 per share on $11.29 billion in revenues, indicating year-over-year changes of 8.04% and 5.59%, respectively [3] Valuation Metrics - Motorola's current valuation metrics indicate a premium, trading at 30.4X current fiscal year EPS estimates compared to the peer industry average of 17.2X [7] - The stock trades at 29.4X trailing cash flow, while the peer group's average is 14.3X, and it has a PEG ratio of 3.21, suggesting it is not in the top tier from a value perspective [7] Style Scores - Motorola has a Value Score of D, a Growth Score of A, and a Momentum Score of C, resulting in a combined VGM Score of B [6] Zacks Rank - Motorola holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, making it a suitable choice for investors looking for stocks with strong potential for gains [8]