Rockwell Collins Q1 EPS $.96 vs. $.87

Rockwell Collins, Inc. COL today reported net income of $151 million for the first quarter of fiscal year 2011 ended December 31, 2010, an increase of $30 million, or 25%, from $121 million in the same period last year. Earnings per share improved 20 cents, or 26%, to $0.96 compared to earnings per share of $0.76 for the same period a year ago. Revenues in the quarter increased $83 million, or 8%, to $1.11 billion from revenues of $1.03 billion in the first quarter of the prior year driven by higher sales in both Commercial Systems and Government Systems. Total segment operating margins were 19.4% for the first quarter of 2011 compared to 19.7% in the first quarter of 2010.