Rockwell Collins Holds Earnings, But Notes Aero-Industry Losses In 2Q/09 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 12.17.14 ** HD iPad-Friendly -- Airborne 12.17.14 **
** Airborne 12.15.14 ** HD iPad-Friendly -- Airborne 12.15.14 **
** Airborne 12.12.14 ** HD iPad-Friendly -- Airborne 12.12.14 **

Wed, Apr 29, 2009

Rockwell Collins Holds Earnings, But Notes Aero-Industry Losses In 2Q/09

Still Achieves Earnings Per Share Of $1.03 For Second Quarter Fiscal Year 2009

Aerospace giant, Rockwell Collins, is reporting earnings (per share) of $1.03 for the second quarter of fiscal year 2009 -- pretty much level with the same period last year. Earnings, per share, remained level despite a second quarter fiscal year 2009 sales decline of $48 million, or 4%, to $1.138 billion compared to sales of $1.186 billion a year ago. The decline in revenues was primarily due to the effect of the global recession on the company's Commercial Systems OEM and aftermarket customers and the timing of Boeing's production ramp-up following their labor strike.

The financial report notes some continuing softness in the aviation sector with the following low notes:

  • Commercial Systems, which provides aviation electronics systems, products and services to air transport, business and regional aircraft manufacturers and airlines worldwide, achieved second quarter sales of $525 million, a decrease of $85 million, or 14%, compared to sales of $610 million reported for the same period last year. 
     
  • Sales to airlines and aircraft OEMs related to new aircraft production decreased $33 million, or 10%, to $295 million, as a result of the timing of Boeing's return to full production rates following their labor strike and reduced production rates at business jet OEMs due to the impact of global macro-economic factors. Aftermarket revenues decreased $34 million, or 14%, to $213 million due primarily to lower Boeing 787 simulator equipment sales as well as lower avionics service, support and hardware sales. Wide-body in-flight entertainment products and systems sales declined $18 million, or 51%, to $17 million due to the company's decision in 2005 to cease investing in those products.
     
  • Commercial Systems' second quarter operating earnings decreased 21% to $110 million, delivering an operating margin of 21.0%, compared to operating earnings of $140 million, or an operating margin of 23.0%, for the same period a year ago. The decrease in operating earnings was due primarily to lower sales volumes and the absence of royalty income benefiting the prior year quarter, partially offset by lower employee incentive compensation costs and lower research and development costs.
FMI:  www.rockwellcollins.com

Advertisement

More News

Dassault Aviation Reveals First Falcon 8X

Next Step: Maiden Flight In First Quarter 2015 Dassault Aviation on Wednesday rolled back the curtains on the ultra long range Falcon 8X, the company's new flagship and the latest >[...]

Evergreen Museum Says Its 'Business As Usual'

Some Of Its Aircraft Are On Loan From Company Reorganizing Under Bankruptcy Laws The Evergreen Aviation and Space Museum in McMinnville, OR says that it is doing just fine, thank y>[...]

Airborne 12.15.14: A380 Future, More USA Today Disappointments, Jetman FORMATION

Also: Comet Water Differences, Garmin Datalink, Bogert Battery Boxes, WSI/iOs, Mistletoe Copter Fail Airbus hasn't seen a single airline order for its double-decker A380 superjumbo>[...]

NTSB Prelim Released From Gaithersburg, MD Phenom Accident

Six Fatally Injured When Plane Impacted A Home The NTSB had released its preliminary report from an accident which occurred December 8, 2014 involving an Embraer EMB-500 Phenom 100>[...]

Airborne 12.17.14: Evergreen Woes, Foolish Pilot Tricks, No 757 Replacement--Yet

Also: $1M Aero-Photo, Draken Gets A-4s, 'Super Dell' Acts Super Dumb, Legendary Bell 47, Osprey Hours Evergreen Vintage Aircraft, LLC, the company that owns many of the aircraft on>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC