Rockwell Collins Q1 2015 16% better
ARINC, which was acquired on December 23, 2013, and is included in the Information Management Services segment, contributed $137 million of sales and $20 million of operating earnings to the first quarter of fiscal year 2015.
"We're off to a great start on our fiscal 2015 plan," said Rockwell Collins chief executive officer and president, Kelly Ortberg.
"In the quarter we realized strong revenue growth in our Commercial Systems and Information Management Services businesses and a stabilization of revenues in our Government Systems business.
"With this return to top-line growth, we executed quite well and delivered improved margin performance. The results for the first quarter support our plan for double digit earnings per share and cash flow growth for fiscal year 2015." ■
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