Technology
Communication Equipment
$77.32B
21K
Key insights and themes extracted from this filing
Net sales increased by 10% year-over-year, reaching $2.389 billion, with the Products and Systems Integration segment contributing a 14% increase, while Software and Services grew by 4%. This growth was partially offset by a decrease in LMR services due to the Charge Control.
The company reported a net loss of $39 million, or $(0.23) per diluted share, compared to a net income of $278 million in the prior year. This was primarily due to a $585 million loss from the extinguishment of the Silver Lake Convertible Debt.
Operating earnings increased by 30% year-over-year, reaching $519 million, driven by higher sales and favorable mix in the Products and Systems Integration segment, partially offset by lower revenue in the Software and Services segment due to the Charge Control.