Rockwell Collins reports 2% YoY increase in sales for 2Q 2017

Rockwell Collins, Inc. (NYSE: COL) reported sales for the second quarter of fiscal year 2017 of USD 1.34bn, a 2% increase from the same period in fiscal year 2016, the company said.

Second quarter fiscal year 2017 earnings per share from continuing operations was USD 1.27 compared to USD 1.30 in the prior year. Earnings per share for the second quarter of fiscal year 2017 includes USD 0.07 of B/E Aerospace acquisition-related expenses. Total segment operating margins were 21.0% for the second quarter of fiscal year 2017, a 30 basis point improvement over the same period in fiscal year 2016.

On April 13, 2017 the company completed the acquisition of B/E Aerospace, a manufacturer of aircraft cabin interior products and services, for USD 8.6bn in total consideration. B/E Aerospace will operate as a new Interior Systems segment within Rockwell Collins.

Rockwell Collins (NYSE: COL) provides flight deck avionics, cabin electronics, cabin interiors, information management, mission communications, and simulation and training solutions to commercial and military customers around the world.