NYSE$MSI
Motorola Solutions, Inc. · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Reported record sales, cash flow, and backlog, bolstered by strong fourth-quarter results.
Motorola Solutions reported a 5% increase in revenue to $2.4 billion, driven by strength in the Americas. GAAP EPS was $1.39, including a $1.53 non-cash charge. Non-GAAP EPS was $2.94, up 12%. The company generated $795 million in operating cash flow and ended the quarter with a record backlog of $11.3 billion.
- Revenue of $2.4 billion, up 5% from Q4 in the prior year.
- Record backlog of $11.3 billion, up $659 million or 6% from a year ago.
- GAAP earnings per share (EPS) of $1.39, inclusive of a $1.53 per share non-cash charge related to US pension de-risking.
- Non-GAAP EPS of $2.94, up 12%.
Headline financials
Revenue & EPS history
Motorola · Revenue · Quarterly
$2.38B
Revenue by segment
Motorola · $2.38B total across 2 segments · Q4 2019
- Products & Systems Integration$1.67B+0.2%70.4%
- Software & Services$704M+20.5%29.6%
Forward guidance
The Company expects revenue growth of approximately 2% compared with the first quarter of 2019. The company expects non-GAAP earnings per share in the range of $1.30 to $1.35 per share. For full year 2020, the company expects revenue growth of approximately 4% and non-GAAP earnings per share in the range of $8.65 to $8.80 per share.
Tailwinds
- Expects revenue growth of approximately 2% compared with the first quarter of 2019.
- Expects non-GAAP earnings per share in the range of $1.30 to $1.35 per share for Q1 2020.
- Assumes current foreign exchange rates for Q1 2020.
- Assumes approximately 176 million fully diluted shares for Q1 2020.
- Assumes a 20% effective tax rate for Q1 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
+0.9%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+4.2%
Avg return
30 days after
59%
43 / 73 earnings
Positive
+12.4%
Q4 2018
Best reaction
-9.3%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | -8.7% | -5.2% | |
| Q4 2025 | +7.7% | +8.7% | +12.3% | |
| Q3 2025 | -9.3% | -8.7% | -14.4% | |
| Q2 2025 | +1.9% | +5.6% | +7.6% | |
| Q1 2025 | -7.6% | -5.5% | -5.4% | |
| Q4 2024 | -6.0% | -5.8% | -10.3% | |
| Q3 2024 | +7.6% | +6.0% | +4.4% | |
| Q2 2024 | +2.9% | +1.0% | +10.8% | |
| Q1 2024 | +5.3% | +6.6% | +8.6% | |
| Q4 2023 | +0.9% | -2.7% | +2.3% | |
| Q3 2023 | +6.7% | +8.7% | +16.0% | |
| Q2 2023 | -3.1% | -3.4% | -1.4% | |
| Q1 2023 | -2.4% | -0.7% | -2.0% | |
| Q4 2022 | +5.2% | +4.8% | +1.3% | |
| Q3 2022 | +6.2% | +7.0% | +13.7% | |
| Q2 2022 | +4.9% | +4.5% | +2.2% | |
| Q1 2022 | +6.6% | +5.7% | +3.6% | |
| Q4 2021 | -6.1% | -9.6% | -6.2% | |
| Q3 2021 | -2.1% | -1.3% | -1.8% | |
| Q2 2021 | +2.6% | +3.1% | +9.9% | |
| Q1 2021 | +7.2% | +8.6% | +13.0% | |
| Q4 2020 | +1.5% | +2.1% | -0.3% | |
| Q3 2020 | -3.9% | +0.9% | +5.5% | |
| Q2 2020 | +4.3% | +3.3% | +10.6% | |
| Q1 2020 | -3.0% | -3.0% | +15.2% | |
| Q4 2019 | +1.6% | +4.4% | -0.4% | |
| Q3 2019 | +1.0% | -2.5% | +1.5% | |
| Q2 2019 | +2.5% | +3.4% | +9.0% | |
| Q1 2019 | +0.6% | -0.7% | +5.1% | |
| Q4 2018 | +12.4% | +13.9% | +15.3% | |
| Q3 2018 | +5.1% | +2.7% | +7.1% | |
| Q2 2018 | -2.7% | +0.1% | +6.2% | |
| Q1 2018 | +0.4% | +0.2% | +1.4% | |
| Q4 2017 | +4.4% | +3.3% | +6.9% | |
| Q3 2017 | +4.1% | +1.7% | +2.7% | |
| Q2 2017 | -0.1% | -2.0% | -2.8% | |
| Q1 2017 | -2.2% | -1.9% | +0.3% | |
| Q4 2016 | +2.0% | -3.4% | +0.6% | |
| Q3 2016 | +6.1% | +9.8% | +11.1% | |
| Q2 2016 | +6.1% | +7.2% | +12.5% | |
| Q1 2016 | -5.0% | — | — | |
| Q4 2015 | +7.2% | — | — | |
| Q3 2015 | -5.5% | — | — | |
| Q2 2015 | +5.9% | — | — | |
| Q1 2015 | +2.4% | — | — | |
| Q4 2014 | -0.0% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | -4.5% | — | — | |
| Q1 2014 | +3.0% | — | — | |
| Q4 2013 | -2.6% | — | — | |
| Q3 2013 | +3.4% | — | — | |
| Q2 2013 | +0.7% | — | — | |
| Q1 2013 | -8.7% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q2 2012 | +4.8% | — | — | |
| Q1 2012 | -0.0% | — | — | |
| Q4 2011 | +3.0% | — | — | |
| Q3 2011 | +3.6% | — | — | |
| Q2 2011 | +1.3% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2010 | -2.3% | — | — | |
| Q3 2010 | +0.4% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q1 2009 | -3.2% | — | — | |
| Q1 2010 | +1.4% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q3 2009 | +2.5% | — | — | |
| Q3 2008 | +2.5% | — | — | |
| Q2 2009 | -2.5% | — | — | |
| Q2 2008 | -2.5% | — | — | |
| Q4 2007 | -2.5% | — | — | |
| Q4 2008 | -2.5% | — | — |
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