8-KEarnings & ResultsExhibits & Filings

Motorola Solutions, Inc. 8-K Report, Financial Results (Feb 22, 2005)

Filed February 22, 2005For Securities:MSI

Summary

This 8-K filing from Motorola Solutions, Inc. (MSI) on February 22, 2005, provides an update to its previously released fourth quarter and full year 2004 financial results. The company has made adjustments to its financial statements based on information identified during its year-end closing process. Importantly, these changes did not alter the previously reported diluted earnings per common share from continuing operations for the fourth quarter of 2004. However, there were minor revisions to net earnings and diluted net earnings per common share (including discontinued operations) for both the quarter and the full year. The most significant takeaway for investors is that while net earnings saw slight reductions, the core profitability metric of diluted EPS from continuing operations remained stable for the fourth quarter. The filing indicates a minor impact on net earnings, approximately 1% for the fourth quarter and 0.5% for the full year, suggesting these are not material restatements but rather refinements in accounting. Investors should note the slight increase in diluted weighted average common shares outstanding for both periods, which could have a dilutive effect on future earnings per share if not accompanied by proportional profit growth.

Key Highlights

  • 1Motorola Solutions, Inc. (MSI) filed an 8-K on Feb 22, 2005, to update its Q4 and full-year 2004 financial results.
  • 2Adjustments were made during the year-end closing process, impacting financial statements released on Jan 18, 2005.
  • 3Fourth quarter 2004 diluted earnings per common share from continuing operations remained unchanged at $0.28.
  • 4Fourth quarter 2004 net earnings decreased slightly from $654 million to $647 million.
  • 5Full year 2004 net earnings decreased slightly from $1.539 billion to $1.532 billion.
  • 6Full year 2004 diluted earnings per common share from continuing operations decreased slightly from $0.91 to $0.90.
  • 7There was a minor increase in diluted weighted average common shares outstanding for both Q4 and full-year 2004.

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