Rockwell Collins (COL) Tops Q2 EPS by 1c; Guides FY16 EPS Flat with Views

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Rockwell Collins Reports 7% Increase in Second Quarter Earnings Per Share from Continuing Operations

April 21, 2016 6:30 AM EDT

CEDAR RAPIDS, Iowa--(BUSINESS WIRE)-- Rockwell Collins, Inc. (NYSE: COL) today reported second quarter fiscal year 2016 earnings per share from continuing operations increased 7% to $1.30 compared to $1.22 in the prior year. Total sales in the second quarter of fiscal year 2016 were $1.31 billion, a 2% decrease from the same period in fiscal year 2015. Total segment operating margins remained steady at 20.7%.

"Fiscal 2016 is progressing directionally as we expected, said Rockwell Collins Chairman, President, and Chief Executive Officer, Kelly Ortberg. We anticipated the slow start in the first half of the year followed by expected growth... More