logo
Plus   Neg
Share
Email

Rockwell Collins Raises FY17 Sales, Free Cash Flow Guidance - Quick Facts

Rockwell Collins, Inc. (COL) announced its financial guidance for continuing operations for fiscal 2017 has been updated to include the impact of the B/E Aerospace acquisition completed on April 13, 2017. Total sales are now projected to be in a range of $6.7 billion to $6.8 billion, compared to prior guidance range of $5.3 billion to $5.4 billion. Free cash flow is now projected to be $650 million to $750 million, updated from previous guidance range of $600 million to $700 million. Adjusted earnings per share is expected to be in a range of $5.95 to $6.15.

Second-quarter earnings per share from continuing operations was $1.27 compared to $1.30 in the prior year. Earnings per share for the second quarter of fiscal year 2017 included 7 cents of B/E Aerospace acquisition-related expenses. Reported sales for the second quarter was $1.34 billion, a 2% increase from the same period prior year.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Member of Congress have reportedly been told President Donald Trump's administration has reached an agreement to put Chinese telecom giant ZTE Corp. back in business. Reports from the New York Times and Reuters said the deal brokered by the Commerce Department would require ZTE to pay a substantial... Delta Air Lines will resume non-stop flights between the U.S. and India next year, almost a decade after it exited the Indian market. The airline said Thursday that its decision to resume non-stop flights from the U.S. to India follows agreements between the U.S. and the governments of the United Arab Emirates and Qatar to address the issue of government subsidies provided to state-owned carriers. Mortgage rates continued their upward trend this week and hit a seven-year high, even as housing demand remained robust. According to data released Thursday by mortgage finance provider Freddie Mac, the 30-year fixed-rate mortgage rose to 4.66 percent in the week ending May 24, from 4.61 percent in the prior week and 3.95 percent a year ago. This is also the highest level since May 5, 2011.
Follow RTT