By Roshan Fernandez

Motorola Solutions swung to a first-quarter profit on higher revenue but noted growing volatility and uncertainty in the global supply chain.

The telecommunications equipment company, which engages with global suppliers, said it expects to substantially mitigate increased material and component costs.

The company reported a first-quarter profit of $430 million, or $2.53 a share, compared with a loss of $39 million, or 23 cents a share, a year earlier. The loss during the year-ago quarter came after the company settled convertible debt for $1.59 billion in cash.

Excluding one-time items, per-share earnings were $3.18, above the $3.01 per share that analysts were expecting, according to FactSet.

Revenue rose 6% to $2.53 billion compared to a year earlier, inching just above analysts' estimates of $2.52 billion.

The company's software and services revenue was up 9%, fueled by video security and access control. The products and system integration unit posted a 4% increase in sales, attributable in part to land mobile radio communications.

The Chicago-based company said growth in North America fueled its revenue spike, though it was partially offset by an international decline due to foreign currency headwinds and lower Ukraine sales.

For the second quarter, Motorola said it expects about 4% revenue growth compared to the year-ago period. Analysts projected second-quarter revenue of $2.77 billion, representing a 5.3% increase from a year earlier. Motorola expects adjusted earnings to be between $3.32 and $3.37 per share. Analysts were looking for $3.47 a share.

The company maintained its full-year outlook.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(END) Dow Jones Newswires

May 01, 2025 17:19 ET (21:19 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.