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Rockwell Collins airline kiosks, applications earnings 'exceeding expectations'

Cedar Rapids, Iowa-based Rockwell Collins Inc. announced a 15-percent increase in sales for Q4 2014 compared to Q4 2013.

November 19, 2014

Cedar Rapids, Iowa-based Rockwell Collins Inc. announced a 15-percent increase in sales for Q4 2014 compared to Q4 2013.

The company reported total sales of $1.4 billion, a total segment operating margin of 21.3 percent with a total segment operating earnings increase of 10 percent at $299 million. Fiscal sales for 2014 have increased 11 percent compared to 2013, at $4.98 billion.

Full-year fiscal 2014 sales were $4.98 billion, an 11-percent increase from fiscal year 2013. Fiscal year 2014 earnings per share from continuing operations was $4.52 compared to $4.56 in the prior year. Adjusted for certain non-operating items impacting comparability, earnings per share from continuing operations improved 29 cents or 7 percent. The acquisition of Aeronautical Radio Inc., a provider of transport communications and systems engineering solutions, contributed $421 million of sales and $56 million of operating earnings to fiscal year 2014. Cash provided by operating activities from continuing operations totaled $660 million in fiscal year 2014 compared to $593 million in fiscal year 2013.

"An excellent fourth quarter capped off a solid year of financial performance for Rockwell Collins," company CEO and President Kelly Ortberg in a statement. "These financial results, which included double-digit sales and cash flow growth, met or exceeded our guidance ranges that we established at the beginning of the year and are on track with the long-term expectations we shared at our investor day last March. Not only do we see improving market conditions for our company, but the acquisition and integration of ARINC is exceeding our expectations and adds a growth engine to our portfolio."

"In September we announced an additional $500 million share repurchase authorization. This authorization combined with an improving outlook for our business should allow us the flexibility to execute share repurchases along with debt pay down," Ortber said.

Highlights for 2014 of the company's ARINC information management services, including kiosks, are below:

• Cardiff Airport signed an agreement to install the Rockwell Collins' ARINC common-use hosted kiosk solution.
• Scotland's Aberdeen International Airport signed an agreement to install the company's ARINC vMUSE Common Use Passenger Processing System workstations throughout the airport.
• Edinburgh Airport, through its Common Use Terminal Equipment club, signed a five-year renewal contract for Rockwell Collins' ARINC vMUSE Common Use Passenger Processing Systems.
• Glasgow Airport, through the Common Use Terminal Equipment club, signed an agreement to install more than 150 of the company's ARINC vMUSE Common Use Passenger Processing System workstations in the airport.
• Aeropuertos Dominicanos Siglo XXI signed a multiyear contract renewal for the company's ARINC vMUSE Common Use Terminal Equipment system at Las Américas and Gregorio Luperón airports.
• Grupo Aeroportuario del Centro Norte signed a five-year contract to install the company's ARINC vMUSE Enterprise Common Use Check-In platform in Terminal A of Monterrey Airport, Mexico's fourth-largest airport. Under the terms of the agreement, Rockwell Collins will also install its ARINC SelfServ Enterprise common use kiosk software on hosted kiosks located at the airport's main check-in areas.