The company said Sales for Q4 2023 were $2,848 million, up 5% from a year earlier, and full-year Sales were $9,978 million, up 10%. GAAP EPS for Q4 was $3.47, up 1%, and full-year GAAP EPS was $9.93, up 25%.

1. 01

   The company said Sales for Q4 2023 were $2,848 million, up 5% from a year earlier, and full-year Sales were $9,978 million, up 10%. GAAP EPS for Q4 was $3.47, up 1%, and full-year GAAP EPS was $9.93, up 25%.

2. 02

   Motorola Solutions said its full-year GAAP operating margin was 23.0%, up from 18.2% in the prior year. The company cited lower direct material costs, higher sales and the lapping of the $147 million ESN fixed asset impairment charge recorded in the prior year as factors, with the reduction in Airwave revenue partially offsetting these gains.

3. 03

   The company said full-year operating cash flow was $2.0 billion, up 12% from the prior year, and free cash flow was $1.8 billion, up 14%. In 2023, it repurchased common stock worth $804 million at an average price of $278.56 per share and paid $589 million in dividends.

4. 04

   Motorola Solutions said Airwave service backlog was reduced by $777 million as of December 31, 2023 to align with the remedies order. The company also gave its outlook for 2024, calling for revenue growth of approximately 6% and non-GAAP EPS in the range of $12.62 to $12.72.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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