Motorola Q1 2006 financial earnings

18 Apr 2006 | Financial , Motorola | 0 comments


Motorola announced today its earnings for the first quarter of 2006. During the quarter, the company continued to strengthen its balance sheet, generating operating cash flow of approximately $700 million, its 21st consecutive quarter of positive operating cash flow. In addition, the company significantly accelerated its stock repurchase program during the quarter and repurchased approximately 37 million shares of its stock for approximately $815 million.

Mobile Devices Segment sales were $6.4 billion, up 45 percent compared with the year-ago quarter. Operating earnings increased to $702 million, compared with operating earnings of $440 million in the year-ago quarter. The company managed to ship 46.1 million units, up 61% compared to the first quarter of 2005 and up 3% compared to 44.7 million handsets shipped during Q4 2005.

Here are the highlights:

  • Record first-quarter sales of $10.01 billion (up 23%), compared to last year's $8.16 billion
  • Earnings of $.27 per share, includes $.02 per share for stock compensation expense
  • Record handset shipments of 46.1 million units
  • Global handset market share estimated at 21 percent, up 4.8 percent versus Q1 2005
  • Record digital set-top box shipments of more than 2.0 million units
  • Positive operating cash flow of approximately $700 million