Motorola Solutions
Motorola Solutions today announced its fourth quarter and full year 2012 results with sales in the quarter reported was $2.4 billion, up 6 percent from the same quarter a year ago and full year sales was $8.7 billion, up 6 percent from 2011. GAAP operating earnings in the fourth quarter of 2012 were $423 million or 17.3 percent of sales, compared to $276 million or 12 percent of sales in the fourth quarter of 2011.
During the fourth quarter of 2012, the company generated $564 million in operating cash flow from continuing operations. GAAP earnings per share from continuing operations were $1.18, compared to $0.54 in the fourth quarter of 2011. For the full year 2012, GAAP operating earnings were $1.3 billion or 14.4 percent of sales, compared to $858 million or 10.5 percent of sales in 2011. GAAP earnings per share from continuing operations were $2.95, compared to $2.20 in 2011.
Non-GAAP operating earnings in the fourth quarter of 2012 were $476 million or 19.5 percent of sales, compared to $444 million or 19.3 percent of sales in the fourth quarter of 2011. Non-GAAP earnings per share from continuing operations were $1.10, compared to $0.87 in the fourth quarter of 2011. For the full year 2012, Non-GAAP operating earnings were $1.5 billion or 17.3 percent of sales, compared to $1.4 billion or 16.7 percent of sales in 2011. Non-GAAP earnings per share from continuing operations were $3.20, compared to $2.61 in 2011.
