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.
Net sales increased by 6% YoY to $2.528 billion, with product sales up 3% and service sales up 10%. This indicates strength across the company's offerings and effective market penetration.
Gross margin increased to 51.4% from 49.9% in the prior year. This is attributed to higher sales, favorable mix, and lower direct material costs in the Products and Systems Integration segment.
Net earnings attributable to Motorola Solutions, Inc. were $430 million, or $2.53 per diluted share, compared to a net loss of $39 million, or $(0.23) per diluted share, in the prior year. This represents a substantial turnaround in profitability.