CEDAR RAPIDS, Iowa (July 22, 2014) - Rockwell Collins, Inc. (NYSE: COL) today reported total sales for the third quarter of fiscal year 2014 were $1.26 billion, an increase of 12% from the same period in 2013, primarily due to the acquisition of ARINC. Total segment operating earnings for the third quarter of fiscal year 2014 were $263 million, an increase of $6 million from the same period a year ago. Third quarter fiscal year 2014 earnings per share from continuing operations were $1.19 and income from continuing operations was $163 million compared to earnings per share from continuing operations of $1.18 and income from continuing operations of $161 million in the third quarter of last year.
ARINC, which was acquired on December 23, 2013 and is included in the Information Management Services segment, contributed $134 million of sales and $20 million of operating earnings to the third quarter of 2014. Rockwell Collins now expects fiscal year 2014 operating margins for the Information Management Services segment to be about 13% (from 11% to 12%), due primarily to lower than previously estimated intangible asset amortization expense and lower integration costs. As a result of Information Management Services improved operating margin, the Company now expects fiscal 2014 earnings per share in the range of $4.45 to $4.55 (from $4.40 to $4.55).
Rockwell Collins reports third quarter fiscal 2014 earnings
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