Sector: Technology|Industry: Communication Equipment|Market Cap: $77.32B|Employees: 21K
Motorola Solutions is a global leader in public safety and enterprise security, providing communication, video security, and command center solutions. The company's core business model revolves around designing and advancing technology for over 100,000 customers across 100 countries. Motorola Solutions' competitive advantage lies in its nearly 100 years of customer collaboration and its integrated ecosystem of safety and security technologies, including Land Mobile Radio Communications, Video Security and Access Control, and Command Center solutions. They operate across various markets, including public safety, government, and commercial enterprises worldwide.
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.