Technology
Communication Equipment
$77.32B
21K
Key insights and themes extracted from this filing
The company's net sales increased by $839 million, driven by growth in both Products and Systems Integration (10% increase) and Software and Services (5% increase) segments. This indicates a healthy demand for Motorola Solutions' offerings across its key business areas.
The company's operating earnings increased by $394 million, driven by higher sales and improved operational efficiency. This demonstrates Motorola Solutions' ability to convert revenue growth into higher profitability.
Net earnings attributable to Motorola Solutions, Inc. were $9.23 per diluted common share in 2024, compared to $9.93 in 2023. This decline was primarily due to a $585 million loss from the extinguishment of the Silver Lake Convertible Debt. Excluding this one-time item, the company's underlying profitability improved.