Motorola Solutions Q3 sales up 13% to $2.4B; Non-GAAP EPS $3.00, up 28%; raises full-year outlook

Motorola Solutions, Inc.

2022-Q3 EPS reported $4.50 revenue$6,405,000,000

Sales $2,373M (+13% YoY); GAAP EPS $1.63 (down 7% due to $147M fixed asset impairment for ESN contract exit).
Non-GAAP EPS $3.00, up 28%; record Q3 backlog $13.5B (+19%); operating cash flow $388M.
Products & Systems Integration sales $1,529M (+15%); Software & Services sales $844M (+8%).
Full-year revenue and earnings guidance raised; CEO cites strong demand in video security and access control.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Motorola Solutions, Inc. reported the quarter ended October 1, 2022 results: revenue $2,373, EPS $1.63. Guidance raised.

Period: the quarter ended October 1, 2022
Revenue: $2,373
EPS: $1.63
Guidance: raised
Result: reported results

Exact text from the filing

our revenue and earnings expectations for the full year.” KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages) Q3 2022 Q3 2021 % Change Sales $2,373 $2,107 13 % GAAP Operating Earnings $373 $451 (17) % % of Sales 15.7 % 21.4 % EPS $1.63 $1.76 (7) % Non-GAAP* Operating Earnings $676 $555 22 % % of Sales 28.5 % 26.3 % EPS $3.00

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Source: SEC EDGAR

accession 0000068505-22-000030

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