Rockwell Collins Tops Fiscal Q1 EPS Street View


Rockwell Collins, aviation electronics maker, Friday reported fiscal Q1 earnings above Street view, but was just shy on sales, and released guidance for full fiscal-year 2017.

The company reported fiscal Q1 ended Dec. 31 adjusted EPS of $1.20, above the $1.14 Street view as compiled by Capital IQ, and also above the $1.03 reported a year earlier.

Rockwell reported fiscal Q1 sales of $1.19 billion, just below the $1.20 billion Street view, but above the $1.17 billion reported a year earlier.

In fiscal 2017 outlook, Rockwell said is expects total sales of $5.3 billion to $5.4 billion, straddling the $5.38 billion consensus; total segment operating margins of 21.0%; free cash flow of $600 million to $700 million; total R&D outlays of $900 million to $950 million; and a full-year tax rate of 28% to 29%.

Rockwell said the financial guidance is based on stand-alone expectations for Rockwell Collins and does not contemplate the pending acquisition of B/E Aerospace.