Motorola Solutions beats by $0.06, reports revs in-line; guides Q1 EPS and revs above consensus; guides FY18 EPS and revs above consensus; Co will acquire Avigilon for $1 bln (99.10 -0.37)
- Reports Q4 (Dec) earnings of $2.10 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $2.04; revenues rose 3.9% year/year to $1.96 bln vs the $1.94 bln Capital IQ Consensus.
- Co issues upside guidance for Q1, sees EPS of $0.83-0.88, excluding non-recurring items, vs. $0.82 Capital IQ Consensus Estimate; sees Q1 revs of approx $1.37 bln vs. $1.33 bln Capital IQ Consensus Estimate.
- Co issues upside guidance for FY18, sees EPS of $6.50-6.65, excluding non-recurring items, vs. $5.94 Capital IQ Consensus Estimate; sees FY18 revs of approx $6.70 bln vs. $6.54 bln Capital IQ Consensus Estimate.
Acquisition:
- Co also announces it will acquire Avigilon (trades in Toronto under ticker AVO) in an all-cash transaction for CAD$27 per share. The enterprise value of the transaction is approximately US$1.0 bln including Avigilon's net debt. Based in Vancouver, British Columbia, Avigilon makes advanced security surveillance solutions, including video analytics, network video management software and hardware, surveillance cameras, and access control solutions.
- Avigilon products are used by a range of commercial and government customers including critical infrastructure, airports, government facilities, public venues, healthcare centers and retail