S&P 500 (NYSE:SPY) component Rockwell Collins, Inc. (NYSE:COL) reported its results for the second quarter. Rockwell Collins, Inc. designs and produces communications and aviation electronics for commercial and military customers across the globe.
Rockwell Collins Earnings Cheat Sheet for the Second Quarter
Results: Net income for the aerospace/defense products and services company rose to $150 million (96 cents/share) vs. $148 million (93 cents/share) YoY. A rise of 1.4% from the year earlier quarter.
Revenue: Rose 7.1% to $1.22 billion YoY.
Actual vs. Wall St. Expectations: COL fell right in step with the street’s estimates of 96 cents/share.
Quoting Management: “As expected, we were able to deliver solid growth across both our businesses with Commercial Systems leading the way,” said Rockwell Collins Chairman, President and Chief Executive Officer Clay Jones. “Indicative of our operating leverage, Commercial Systems delivered operating earnings growth at almost three times the rate of sales while Government Systems demonstrated it could maintain an exceptionally high rate of profitability despite slower, albeit positive, growth.”
The company has now seen net income rise in three-straight quarters. In the first quarter, net income rose 24.8% and in the fourth quarter of the last fiscal year, the figure rose 11.9%.
Competitors to Watch: The Boeing Company (NYSE:BA), Honeywell Intl. Inc. (NYSE:HON), BAE Systems PLC (ADR) (BAESY), General Dynamics Corp. (NYSE:GD), Elbit Systems Ltd. (ADR) (NASDAQ:ESLT), L-3 Communications Hldgs., Inc. (NYSE:LLL), Northrop Grumman Corp. (NYSE:NOC), Raytheon Company (NYSE:RTN), LMI Aerospace, Inc. (NASDAQ:LMIA), and Innovative Solutions & Support Inc (NASDAQ:ISSC).
Today’s Performance: Shares of COL are trading at $62.93, down 1.3% from the previous closing price of $63.78.