Rockwell Collins, Inc. (NYSE: COL) has reported sales for the fourth quarter of fiscal year 2017 of USD 2.193 billion, a 52% increase from the same period in fiscal year 2016, or 3% organic growth excluding USD 711 million of revenue from the acquisition of B/E Aerospace, the company said.
Fourth quarter fiscal year 2017 earnings per share from continuing operations was USD 1.29 compared to USD 1.58 in the prior year´s quarter. Adjusted earnings per share for the fourth quarter fiscal year 2017 was USD 1.80 compared to USD 1.63 in the prior year´s quarter (see the supplemental schedule in this press release for a reconciliation between GAAP earnings per share and adjusted earnings per share).
Fiscal year 2017 sales increased 30% to USD 6.822 billion, or 3% growth excluding USD 1.406 billion of revenue from the acquisition of B/E Aerospace. Earnings per share from continuing operations was USD 4.79 compared to USD 5.50 in the prior year.
Adjusted earnings per share for 2017 increased 8% to USD 6.15 compared to USD 5.70 in the prior year (see the supplemental schedule in this press release for a reconciliation between GAAP earnings per share and adjusted earnings per share). Cash provided by operating activities was USD 1.264 billion, a 75% increase from the prior year.
Primarily as a result of the significant increase in cash provided by operating activities, employee incentive compensation costs increased USD 27 million after taxes, or USD 0.18 per share, from fiscal year 2016 excluding employee incentive compensation costs from the acquisition of B/E Aerospace.
Rockwell Collins is a provider of aviation and high-integrity solutions for commercial and military customers around the world. Every day we help pilots safely and reliably navigate to the far corners of the earth; keep warfighters aware and informed in battle; deliver millions of messages for airlines and airports; and help passengers stay connected and comfortable throughout their journey. As experts in flight deck avionics, cabin electronics, cabin interiors, information management, mission communications, and simulation and training, we offer a comprehensive portfolio of products and services that can transform our customers´ futures. To find out more, visit www.rockwellcollins.com.