Motorola Solutions Q1 sales up 15% to $2.2B; Non-GAAP EPS $2.22 (+31%); raises FY guidance

Motorola Solutions, Inc.

2023-Q1 EPS reported $1.61 revenue$2,171,000,000

Sales $2.2B (+15% YoY); Products & Systems Integration +18%, Software & Services +10%.
GAAP EPS $1.61 (+5%); Non-GAAP EPS $2.22 (+31%).
Record Q1 ending backlog $14.1B (+5% YoY).
Awarded $340M ten-year IDIQ contract from U.S. Air Force for LMR services.
Raises full-year revenue and earnings guidance on strong Q1 orders and backlog.

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 April 1, 2023 results: revenue $2,171, EPS $1.61. Guidance raised.

Period: the quarter ended April 1, 2023
Revenue: $2,171
EPS: $1.61
Guidance: raised
Result: reported results

Exact text from the filing

raising our revenue and earnings guidance for the full year.” KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages) Q1 2023 Q1 2022 % Change Sales $2,171 $1,892 15 % GAAP Operating Earnings $399 $239 67 % % of Sales 18.4 % 12.6 % EPS $1.61 $1.54 5 % Non-GAAP* Operating Earnings $532 $374 42 % % of Sales 24.5 % 19.8 % EPS $2.22

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Source: SEC EDGAR

accession 0000068505-23-000025

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