Motorola Solutions said net sales in 2024 increased $839 million, or 8%, compared to 2023. The Products and Systems Integration segment increased 10% and the Software and Services segment increased 5%.

1. 01

   Motorola Solutions said net sales in 2024 increased $839 million, or 8%, compared to 2023. The Products and Systems Integration segment increased 10% and the Software and Services segment increased 5%.

2. 02

   The company said gross margin in 2024 was 51.0% of net sales, higher than 49.8% in 2023. Operating earnings increased $394 million, or 17%, compared to 2023.

3. 03

   Motorola Solutions agreed to repurchase $1.0 billion principal amount of Silver Lake Convertible Debt for cash of $1.59 billion on February 14, 2024, and recorded a debt extinguishment loss of $585 million in Other Income (Expense).

4. 04

   The company said it issued $400 million of 5.0% senior notes due 2029 and $900 million of 5.4% senior notes due 2034 on March 25, 2024, with net proceeds of $1.3 billion after deducting issuance costs and discounts.

Key figures

Fiscal year ended December 31, 2024

Revenue

$10.8B

Operating income

$2.7B

Net income

$1.6B

EPS

$9.23

Gross profit

$5.5B

Operating cash flow

$2.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). 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.