This Week
  • The first apartments will be ready next spring at Southpoint Cove in Penfield.

  • Research and development efforts in construction come from collaboration.

  • CEO Dawn Smith worked her way up through the ranks at Pace Electronics of Sodus.

  • Aloi Solutions LLC is focusing on automation and integration to grow.

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

  • The new edition of Explore Greater Rochester is here.

Revenues, operating income decline at RF Communications

Rochester Business Journal
January 29, 2013

Harris Corp.’s RF Communications division in Rochester reported year-over-year declines in second-quarter sales and operating income Tuesday, despite revenue growth in its public safety sector.

RF Communications logged sales of $486 million compared with sales of $526 million a year earlier. Tactical communications revenue was $337 million, a decline of 14 percent, and public safety revenue was $149 million, an increase of 10 percent.

Second-quarter operating income for the RF Communications segment was $151 million compared with $172 million in the prior year.

Orders for the segment totaled $402 million, including $287 million in tactical communications and $115 million in public safety. At the end of the second quarter, backlog was $561 million in tactical communications and $581 million in public safety.

RF Communications employs roughly 2,200 workers.

Florida-based Harris reported income from continuing operations of $142 million, or $1.25 a diluted share, compared with $136 million, or $1.18 a diluted share, a year ago.  Excluding special charges, income from continuing operations was $142 million, or $1.24 a diluted share. Sales were $1.29 billion, down from $1.31 billion a year ago.

Due to expected slower government spending resulting from growing budget uncertainty, Harris has updated its fiscal 2013 guidance for income from continuing operations to a range of $5 to $5.20 a share from a range of $5.10 to $5.30 a share. Revenue is now expected to decline 2 percent to 4 percent compared.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google