Rockwell Collins sales increase 57% YoY

Rockwell Collins, Inc. (NYSE: COL) has reported sales for the third quarter of fiscal year 2017 of USD 2.094 billion, a 57% increase from the same period in fiscal year 2016, or 5% growth excluding USD 695 million of revenue from the acquisition of B/E Aerospace, the company said.

Third quarter fiscal year 2017 earnings per share from continuing operations was USD 1.12 compared to USD 1.63 in the prior year. Adjusted earnings per share for the third quarter fiscal year 2017 was USD 1.64 compared to USD 1.67 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).

Earnings per share and adjusted earnings per share for the third quarter of fiscal year 2016 included a 31 cent income tax benefit from the release of a valuation allowance related to a US capital loss carryforward.

Cash provided by operating activities for the nine months ended June 30, 2017 was USD 416 million, an 87% increase from the same period in the prior year.

Rockwell Collins (NYSE: COL) 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.