June 2009 -- Despite a second quarter 2009 sales decline of 4%, to $1.138 billion, Rockwell Collins reported earnings per share of $1.03, level with the same period in fiscal 2008. Net income for the quarter fell slightly from $168 million in 2008 to $164 million in 2009. The results beat Wall Street estimates of 98 cents a share, according to Reuters.
Sales for the company's Government Systems business segment increased $37 million to $613 million, a rise of 6%, while the company's Commercial Systems unit saw sales decrease $85 million from the same period the previous year, a 14% fall to $525 million.
Rockwell Collins Chairman, President and CEO Clay Jones said: "Government Systems generated strong margins on continued top-line revenue growth, while Commercial Systems attained margins of 21% even with a 14% decline in revenues."
For the year, Rockwell Collins expects total sales of $4.5 billion and operating margins of about 21.5%.
