Motorola Solutions today announced its third quarter 2012 results, ended September 2012. The company reported the sales of $2.2 billion, up 3 percent from a year ago with reporting the record government sales of $1.5 billion, up 12 percent from a year ago. GAAP earnings per share (EPS) was $0.72 from continuing operations up 60 percent from a year ago while Non-GAAP EPS was $0.84 from continuing operations up 27 percent from a year ago. The company repurchased $308 million of shares in the quarter.
“We had strong revenue and earnings growth, including record performance in our Government segment,” said Greg Brown, chairman and CEO of Motorola Solutions. “We expanded operating margins, managed our costs and grew earnings per share 27 percent driven by our operating performance and continued return of capital to shareholders.”
GAAP operating earnings in the third quarter of 2012 were $324 million or 15 percent of sales, compared to $254 million or 12.2 percent of sales in the third quarter of 2011. Non-GAAP operating earnings in the third quarter of 2012 were $387 million or 18 percent of sales, compared to $359 million or 17.2 percent of sales in the third quarter of 2011.