Rockwell Collins Tops Fiscal Q1 EPS Street View

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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.

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