UPDATE: Rockwell Collins (COL) Tops Q3 EPS by 3c; Boosts Lower-End of FY15 Outlook

July 24, 2015 7:27 AM EDT
(Updated - July 24, 2015 7:31 AM EDT)

Rockwell Collins (NYSE: COL) reported Q3 EPS of $1.33, $0.03 better than the analyst estimate of $1.30. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.33 billion.

Fiscal Year 2015 Outlook

The following table is a summary of the company's financial guidance for continuing operations for fiscal year 2015, which has been updated from the guidance previously provided on April 23, 2015:

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Total sales $5.25 billion to $5.30 billion (From $5.2 billion to $5.3 billion) (The Street sees $5.31 billion.)

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Total segment operating margins About 21.0% (From 20.5% to 21.5%)

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Earnings per share $5.15 to $5.25 (From $5.10 to $5.30) (The Street sees EPS of $5.24.)

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Cash flow from operations $725 million to $775 million (From $700 million to $800 million)

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Total research & development investment About $1 billion (1)

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Capital expenditures About $200 million

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Full year income tax rate About 28% (From 28% to 29%)

(1) - Total research and development investment consists of company and customer funded research & development expenditures as well as the net increase in pre-production engineering costs capitalized within inventory.

For earnings history and earnings-related data on Rockwell Collins (COL) click here.



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