Motorola Solutions ( (MSI) ) has released its Q4 earnings. Here is a breakdown of the information Motorola Solutions presented to its investors.
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Motorola Solutions is a leading provider of communication and security solutions, specializing in public safety and enterprise security technologies, with a strong presence in the telecommunications and security sectors.
Motorola Solutions reported its fourth-quarter and full-year financial results for 2024, highlighting a record year in sales, operating earnings, and operating cash flow. The company achieved a 6% increase in fourth-quarter sales compared to the previous year and an 8% increase for the full year.
The company’s financial performance was driven by strong growth in both its Products and Systems Integration and Software and Services segments. The Products and Systems Integration sales rose by 3% in the fourth quarter and 10% for the year, while Software and Services sales saw an 11% increase in the fourth quarter and a 5% increase for the year. Operating cash flow for the quarter was $1.1 billion, with a full-year total of $2.4 billion, marking a 17% increase. GAAP earnings per share for the fourth quarter increased by 3%, while non-GAAP EPS rose by 4%.
Motorola Solutions continues to maintain a strong backlog, ending 2024 with a record $14.7 billion, up 3% from the previous year. Additionally, the company announced a strategic acquisition of Theatro, which specializes in AI and voice-powered communication software for frontline workers, to further enhance its offerings.
Looking ahead, the company remains optimistic about its growth prospects, anticipating continued revenue growth and strong demand for its safety and security solutions. This outlook is supported by its robust backlog and strategic acquisitions, positioning Motorola Solutions well for the upcoming year.
