The company said net sales for Q2 2024 rose to $2.6 billion from $2.4 billion in Q2 2023, and operating earnings were $644 million, compared with $518 million a year earlier.

1. 01

   The company said net sales for Q2 2024 rose to $2.6 billion from $2.4 billion in Q2 2023, and operating earnings were $644 million, compared with $518 million a year earlier.

2. 02

   Motorola Solutions said it received a notice from the UK Home Office on March 13, 2024 extending the national shutdown target date for the Airwave service from December 31, 2026 to December 31, 2029, and that it recorded additional backlog of $748 million in Q1 2024.

3. 03

   The company said it repaid the principal of the Silver Lake Convertible Debt, $1.0 billion, in cash at $1.59 billion, recorded a $585 million loss on extinguishment, and secured a net cash amount of $1.3 billion by issuing senior notes on March 25, 2024.

4. 04

   The company said operating cash flow for the first half of 2024 was $562 million, up $477 million from $85 million in the first half of 2023. It also said it repurchased $110 million of common stock and paid $326 million in dividends over the same period.

Key figures

Quarter ended June 29, 2024

Revenue

$2.6B

Operating income

$644M

Net income

$443M

EPS

$2.60

Gross profit

$1.3B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.