Rockwell Collins gets earnings bump from B/E Aerospace
BPC Staff Jan 26, 2018 | 9:05 pm
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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.