Rockwell Collins reports first quarter earnings per share of $1.26

Rockwell Collins reported total sales for the first quarter of fiscal year 2015 of US$1.23bn, a 16% increase from the same period in fiscal year 2014. First quarter fiscal year 2015 earnings per share from continuing operations increased 29% to $1.26 compared to $0.98 in the prior year. Earnings per share for the first quarter of fiscal year 2015 included a benefit of 16 cents due to the retroactive extension of the Federal R&D tax credit. ARINC, which was acquired on December 23th, 2013, and is included in the Information Management Services segment, contributed US$137m of sales and US$20m of operating earnings to the first quarter of fiscal year 2015.