Rockwell Collins Inc. (COL) filed Quarterly Report for the period ended 2011-12-31.

Rockwell Collins Inc. has a market cap of $8.44 billion; its shares were traded at around $56.84 with a P/E ratio of 14.4 and P/S ratio of 1.8. The dividend yield of Rockwell Collins Inc. stocks is 1.7%. Rockwell Collins Inc. had an annual average earning growth of 15.4% over the past 10 years. GuruFocus rated Rockwell Collins Inc. the business predictability rank of 3-star.

Highlight of Business Operations:Total sales for the three months ended December 31, 2011 decreased $10 million compared to the three months ended December 31, 2010 due to a $67 million reduction in Government Systems sales that was partially offset by a $57 million increase in Commercial Systems sales. See the following Government Systems and Commercial Systems Financial Results sections for further discussion of sales.

Income from continuing operations for the three months ended December 31, 2011 decreased 13 percent to $130 million from $150 million of income from continuing operations for the three months ended December 31, 2010. Diluted earnings per share from continuing operations decreased 9 percent to $0.86 for the three months ended December 31, 2011 compared to $0.95 for the three months ended December 31, 2010. The rate of decrease in diluted earnings per share from continuing operations was less than the percentage reduction in income from continuing operations as a result of the favorable impact from our share repurchase program.

Navigation products sales decreased $18 million, or 25 percent, for the three months ended December 31, 2011 compared to the same period in the prior year, primarily due to a $20 million reduction in revenue from fewer deliveries of our Defense Advanced GPS Receiver products as troop deployments wind down in Afghanistan and Iraq.

Government Systems operating earnings were $117 million, or 20.1 percent of sales, for the three months ended December 31, 2011, compared to operating earnings of $131 million, or 20.2 percent of sales, for the same period one year ago. The $14 million reduction in Government Systems operating earnings was primarily due to the following:

Commercial Systems operating earnings increased $19 million, or 23 percent, to $101 million, or 19.8 percent of sales, for the three months ended December 31, 2011 compared to operating earnings of $82 million, or 18.1 percent of sales, for the three months ended December 31, 2010. The $19 million increase in Commercial Systems operating earnings was primarily due to the following:

Read the The complete Report

What Worked in the Stock Market for Long-Term Investors?

Extensive research has found that the companies with predictable revenues and earnings outperform the market average; they also suffer lower probability of loss. As a matter of fact, this kind of companies are exactly what Warren Buffett wants to buy and hold forever. Please read the research about what worked in the stock market:

Part I: What worked in the market from 1998-2008? Part I: Predictability Rank
Part II: Role of Valuations
Part III: Intrinsic Value, Discounted Cash Flow and Margin of Safety

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool