Rockwell Collins third quarter 2013 earnings per share increased 5% to $1.20

Rockwell Collins reported third quarter fiscal year 2013 earnings per share of $1.20, $0.06 higher than earnings per share of $1.14 in the same quarter last year. The 5% increase in earnings per share was due to improved operating performance and the benefit of share repurchases. Net income for the third quarter of 2013 was $164m, compared with $166m in the same quarter last year. For the third quarter of 2013, the company reported a 3% reduction in total sales, to $1.17bn compared with $1.21bn last year with Commercial Systems sales increasing 7%, while Government Systems revenue declined 11%. Total segment operating earnings increased $8m to $261m, or 22.4% of sales this quarter, compared to $253m, or 21.0% in the third quarter of the prior year.