Motorola Solutions (NYSE: MSI) reported Q4 EPS of $2.94, $0.16 better than the analyst estimate of $2.78. Revenue for the quarter came in at $2.38 billion versus the consensus estimate of $2.37 billion.

• Revenue of $2.4 billion, up 5% from Q4 in the prior year; up 7% for full 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; $4.95 for full year
• Non-GAAP EPS* of $2.94, up 12%; $7.96 for full year, up 11%
• Generated $795 million in operating cash flow in the quarter; $1.8 billion for full year

“Our strong Q4 results capped another year of record sales, cash flow and backlog," said Greg Brown, chairman and CEO of Motorola Solutions. “Our momentum, particularly in video security and software & services, positions us well for another strong year."

GUIDANCE:

Motorola Solutions sees Q1 2020 EPS of $1.30-$1.35, versus the consensus of $1.35.

Motorola Solutions sees FY2020 EPS of $8.65-$8.80, versus the consensus of $8.57.

• First-quarter 2020 - 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. This assumes current foreign exchange rates, approximately 176 million fully diluted shares, and a 20% effective tax rate.
• 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. This assumes current foreign exchange rates, between 176 and 177 million fully diluted shares and a non-GAAP effective tax rate of approximately 23%.

For earnings history and earnings-related data on Motorola Solutions (MSI) click here.