Rockwell Collins, Inc. (NYSE: COL) has reported sales for the first quarter of fiscal year 2017 of USD 1.2bn, a 2% increase from the same period in fiscal year 2016, the company said.
First quarter fiscal year 2017 earnings per share from continuing operations increased to USD 1.10 compared to USD 1.00 in the prior year, the company said.
Earnings per share from continuing operations for the first quarter of fiscal year 2017 includes USD 0.10 of expenses related to the pending acquisition of B/E Aerospace. Earnings per share from continuing operations in the first quarter of fiscal year 2016 included a 21 cent restructuring and asset impairment charge partially offset by an USD 0.18 cent benefit from the retroactive reinstatement of the Federal Research & Development Tax Credit. Excluding these items, adjusted earnings per share increased 17% to USD 1.20 compared to USD 1.03 in the prior year.
Rockwell Collins is in the development and deployment of innovative communication and aviation electronic solutions for both commercial and government applications. Its expertise in flight deck avionics, cabin electronics, mission communications, simulation and training and information management services is delivered by a global workforce, and a service and support network that crosses more than 150 countries.