Motorola Announces Record Third-Quarter Sales and Earnings

Motorola Announces Record Third-Quarter Sales and Earnings - Oct 18, 2005 04:01 PM (PR Newswire)

Third-Quarter 2005 Financial Highlights

- Sales up 26 percent: Record sales of $9.42 billion, compared to third-quarter 2004 sales of $7.50 billion

- Earnings from continuing operations of $.69 per share, including earnings of $.39 per share from significant items discussed below

- Global mobile device market share up 5.5 percentage points: Achieved an estimated global market share of approximately 19 percent, an increase of approximately 5.5 percentage points versus the year-ago quarter and approximately 1 percentage point versus the second quarter of 2005

- Record Mobile Device shipments of 38.7 million units

- Positive operating cash flow of $1.1 billion

SCHAUMBURG, Ill., Oct. 18 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE:MOT) today reported record sales and earnings from continuing operations as shown below.

Third Quarter % 2005 2004 Increase Sales $9.42B $7.50B 26% EPS $0.69 $0.18 283%

Third-quarter 2005 earnings from continuing operations include income of $.39 per share from the items shown below.

Third-Quarter 2005 EPS Impact

Gain on Nextel stock and related hedge adjustments $0.32 Tax benefits related to the repatriation of cash and the divestiture of a business 0.13 Debt retirement costs (0.03) Reorganization of businesses (0.03) Total EPS Impact $0.39

During the quarter, the company continued to strengthen its balance sheet. The company generated operating cash flow of $1.1 billion, its

19th consecutive quarter of positive operating cash flow. In addition, the company reduced its total debt by $1.0 billion through repurchases of long-term debt in the market. Also, the company purchased $353 million of its outstanding shares pursuant to a previously announced and ongoing share repurchase program. The company ended the quarter with a record net cash(1) position of $8.4 billion.


formatting link

Reply to
Monty Solomon
Loading thread data ... Forums website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.