Motorola Solutions, Inc. Annual Report, Year Ended Dec 31, 2018

Motorola Solutions, Inc. (MSI) reported strong growth in its 2018 fiscal year, with net sales increasing by 15% to $7.34 billion, driven by significant contributions from acquisitions and organic growth across both its Products and Systems Integration, and Services and Software segments. The company achieved a positive net earning of $966 million, a substantial turnaround from a net loss in the prior year, with diluted earnings per share of $5.62. Strategic acquisitions, including Avigilon Corporation and Plant Holdings, Inc., bolstered its video solutions and command center software capabilities, respectively, positioning MSI for continued expansion in public safety and security markets. MSI demonstrated a commitment to returning capital to shareholders through share repurchases and a 10% increase in its quarterly dividend. The company's backlog remained robust at $10.6 billion, indicating strong future revenue visibility. Despite increased operating expenses, largely due to integration of acquisitions and R&D investments, MSI maintained its operating earnings and focused on strategic investments in its core areas, including innovation in LTE and software-centric solutions. The company's financial position appears solid, supported by operating cash flow and a revolving credit facility, enabling continued investment in growth initiatives and shareholder returns.