2024-02-08 21:25:08 ET
Motorola Solutions, Inc. (MSI)
Q4 2023 Earnings Call Transcript
February 08, 2024, 05:00 PM ET
Company Participants
Tim Yocum - VP of IR
Greg Brown - Chairman and CEO
Jason Winkler - EVP and CFO
Jack Molloy - EVP and COO
Mahesh Saptharishi - EVP and CTO
Conference Call Participants
George Notter - Jefferies
Tim Long - Barclays
Matthew Niknam - Deutsche Bank
Adam Tindle - Raymond James
Joseph Cardoso - J.P. Morgan
Tomer Zilberman - Bank of America
Benjamin Bollin - Cleveland Research
Keith Housum - Northcoast Research
Louie DiPalma - William Blair
Presentation
Operator
Good afternoon. And thank you for holding. Welcome to the Motorola Solutions' Fourth Quarter 2023 Earnings Conference Call. Today's call is being recorded. If you have any objections, please disconnect at this time. The presentation material and additional financial tables are posted on the Motorola Solutions Investor Relation website. In addition, a webcast replay of the call will be available on our website within three hours after the conclusion of this call. The website address is www.motorolasolutions.com/investor. All participants have been placed in a listen-only mode. You will have an opportunity to ask questions after today's presentation. [Operator Instructions] I would now like to introduce Mr. Tim Yocum, Vice President of Investor Relations. Mr. Yocum, you may begin your conference.
Tim Yocum
Good afternoon. Welcome to our 2023 fourth quarter earnings call. With me today are Greg Brown, Chairman and CEO; Jason Winkler, Executive Vice President and CFO; Jack Molloy, Executive Vice President and COO; and Mahesh Saptharishi, Executive Vice President and CTO. Greg and Jason will review our results along with commentary, and Jack and Mahesh will join for Q&A.
We've posted an earnings presentation and news release at motorolasolutions.com/investor. These materials include GAAP to non-GAAP reconciliations for your reference. And during the call, we reference non-GAAP financial results including those in our outlook unless otherwise noted. Number of forward-looking statements will be made during this presentation and during the Q&A portion of the call. These statements are based on current expectations and assumptions that are subject to a variety of risks and uncertainties. Actual results could differ materially from these forward-looking statements. Information about factors that could cause such differences can be found in today's earnings news release, in the comments made during this conference call, in the Risk Factors section of our 2022 Annual Report on Form 10-K or any quarterly report on Form 10-Q and in our other reports and filings with the SEC. We do not undertake any duty to update any forward-looking statements.
And with that, I will turn it over to Greg.
Greg Brown
Thanks, Tim. And good afternoon and thanks for joining us today. First, Q4 was exceptional quarter. We achieved record revenue in both segments in all three technologies, including double digit growth in Video Security and Command Center, highlighting the strength and robust demand for our safety and security solutions that help protect people, property and places. Additionally, we expanded operating margins for the sixth consecutive quarter, generated over $1.2 billion of operating cash and strengthened our video security portfolio with the recent acquisition of IPVideo, creator of the HALO Smart Sensor....
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Motorola Solutions, Inc. (MSI) Q4 2023 Earnings Call Transcript