h digitalfootprint web 728x90

Rockwell Collins gets earnings bump from B/E Aerospace


Cedar Rapids-based Rockwell Collins Inc. reported sales for the first quarter of fiscal year 2018 of $2.01 billion, a 69 percent increase from the same period in fiscal year 2017. Revenue growth was 9 percent on an organic basis, excluding $716 million of revenue from the acquisition of B/E Aerospace. First-quarter fiscal 2018 earnings per share were $1.69, compared with $1.10 in the prior year’s first quarter. Earnings per share for the 2018 quarter included a 37-cent discrete income tax benefit from the enactment of the Tax Cuts and Jobs Act. During the quarter, shareholders approved the acquisition of Rockwell Collins by United Technologies Corp.

Facebook Notice for EU! You need to login to view and post FB Comments!

bankerstrust brd 030123 300x250