Exhibit 99.1


Motorola Solutions Reports Fourth-Quarter and Full-Year Financial Results
Record 2019 sales, cash flow and backlog bolstered by strong fourth-quarter results

Revenue of $2.4 billion, up 5% from Q4 in the prior year; up 7% for full year
Record backlog of $11.3 billion, up $659 million or 6% from a year ago
GAAP earnings per share (EPS) of $1.39, inclusive of a $1.53 per share non-cash charge related to US pension de-risking; $4.95 for full year
Non-GAAP EPS* of $2.94, up 12%; $7.96 for full year, up 11%
Generated $795 million in operating cash flow in the quarter; $1.8 billion for full year

CHICAGO - Feb. 6, 2020 - Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the fourth quarter and full year of 2019. Click here for a printable news release and financial tables.

“Our strong Q4 results capped another year of record sales, cash flow and backlog," said Greg Brown, chairman and CEO of Motorola Solutions. “Our momentum, particularly in video security and software & services, positions us well for another strong year."


KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)
 
Fourth Quarter
Full Year
 
Q4 2019

Q4 2018

% Change
2019

2018

% Change
Sales
$2,377
$2,254
5
 %
$7,887
$7,343
7
 %
GAAP
 
 

 
 

  Operating Earnings
$590
$516
14
 %
$1,581
$1,255
26
 %
  % of Sales
24.8
%
22.9
%

20.0
%
17.1
%

  EPS
$1.39
$2.44
(43
)%
$4.95
$5.62
(12
)%
Non-GAAP*
 
 
 
 
 
 
  Operating Earnings
$707
$650
9
 %
$1,975
$1,740
14
 %
  % of Sales
29.7
%
28.8
%

25.0
%
23.7
%

  EPS
$2.94
$2.63
12
 %
$7.96
$7.15
11
 %
Products and Systems Integration Segment
 
 
 
 
 
 
  Sales
$1,673
$1,670
 %
$5,329
$5,100
5
 %
  GAAP Operating Earnings
$426
$405
5
 %
$994
$854
16
 %
  % of Sales
25.5
%
24.3
%
 
18.7
%
16.7
%
 
  Non-GAAP Operating Earnings*
$484
$483
 %
$1,173
$1,109
6
 %
  % of Sales
28.9
%
28.9
%
 
22.0
%
21.7
%
 
Software and Services Segment
 
 
 
 
 
 
  Sales
$704
$584
21
 %
$2,558
$2,243
14
 %
  GAAP Operating Earnings
$164
$111
48
 %
$587
$401
46
 %
  % of Sales
23.3
%
19.0
%
 
22.9
%
17.9
%
 
  Non-GAAP Operating Earnings*
$223
$167
34
 %
$802
$631
27
 %
  % of Sales
31.7
%
28.6
%
 
31.4
%
28.1
%
 

*Q4 Non-GAAP financial information excludes the after-tax impact of approximately $1.55 per diluted share related to share-based compensation, intangible assets amortization expense and highlighted items. Details on these non-GAAP adjustments and the use of non-GAAP measures are included later in this news release.





The following information was filed by Motorola Solutions, Inc. (MSI) on Thursday, February 6, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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