Motorola Solutions adds new board member Elizabeth Mann

CHICAGO - Motorola Solutions (NYSE: NYSE:MSI) has expanded its board of directors with the appointment of Elizabeth Mann, effective today. Mann, who is currently the executive vice president and chief financial officer of Verisk Analytics, Inc. (NASDAQ: NASDAQ:VRSK), is recognized for her nearly two decades of expertise in finance, strategy, data analytics, and the technology sector.

Greg Brown, chairman and CEO of Motorola Solutions, expressed confidence in Mann's appointment, citing her "proven leadership in finance including risk management, technology, and analytics," and anticipating her contribution to the company's capital management strategies.

Mann's professional background includes significant roles at S&P Global and Goldman Sachs, where she developed a strong track record in financial management and strategic planning. Her experience in capital management, tax, treasury, and capital allocation functions, as well as her leadership in technology, media, and telecom investment banking, are expected to bring valuable insights to Motorola Solutions.

In addition to her corporate roles, Mann has an active presence in the academic and nonprofit sectors, serving as president of the board of trustees of the Winston Churchill Scholarship Foundation of the United States and holding a past board position with CRISIL on the Bombay Stock Exchange.

Mann holds an impressive academic record with degrees from Harvard University, the University of Oxford, and a certificate from the University of Cambridge, where she was a Churchill Scholar.

Motorola Solutions, a company dedicated to building technologies for public safety and enterprise collaboration, looks forward to leveraging Mann's expertise as it continues to pursue its mission of creating safer communities and workplaces.

This news is based on a press release statement.

In other recent news, Motorola Solutions has been making significant strides in its financial performance. The company's products and systems integration (SI) revenue saw a substantial 15% increase, while operating earnings surged by a remarkable 56%. This robust financial health has led to a raised full-year revenue and earnings guidance, indicating a positive outlook for the company. The earnings per share (EPS) also grew by 22% and generated $180 million in operating cash flow.

The company has declared a regular quarterly dividend of 98 cents per share, reflecting its commitment to consistently returning value to its shareholders. Additionally, Motorola Solutions ended the quarter with a hefty $14 billion backlog. The projected full-year revenue growth is around 8%, with non-GAAP EPS forecasted between $13.22 and $13.30.

Motorola Solutions has invested over $250 million in acquisitions and plans to allocate approximately $850 million to R&D in 2023. These recent developments suggest a strong financial position and a positive outlook for the company.

InvestingPro Insights

As Motorola Solutions (NYSE: MSI) welcomes Elizabeth Mann to its board of directors, the company's financial and strategic positioning remains a focal point for investors. With a market capitalization of $71.67 billion and substantial growth in revenue, up 7.94% in the last twelve months as of Q2 2024, Motorola Solutions showcases a robust financial stature. The company's commitment to innovation and leadership in the communications equipment industry is reflected in its solid gross profit margin of 50.59% for the same period.

An InvestingPro Tip highlights that Motorola Solutions has raised its dividend for 13 consecutive years, signaling a strong commitment to shareholder returns. Additionally, with a dividend yield of 0.91% and a recent 11.36% growth in dividend payments, the company demonstrates its ability to consistently reward its investors.

InvestingPro Data also reveals that the company's stock price has experienced significant appreciation, with a one-year total return of 56.19% and trading near its 52-week high at 99.3% of the peak value. This performance is indicative of the market's positive reception to Motorola's strategic initiatives and financial health.

For those seeking more insights, there are additional InvestingPro Tips available, which include detailed analysis on the company's valuation multiples, stock volatility, and industry positioning. For instance, Motorola Solutions is noted for trading at a high earnings multiple, which suggests a premium valuation by the market, perhaps reflecting its strong historical performance and investor confidence in its future prospects. To explore these further, one can visit https://www.investing.com/pro/MSI for a comprehensive set of InvestingPro Tips.

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