Motorola Solutions, Inc.

Good afternoon and welcome to the Motorola Solutions third quarter 2019 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Tim Yochum, Vice President of Investor Relations. Please go ahead.

Good afternoon. Welcome to our 2019 Third Quarter Earnings Call. With me today are Greg Brown, Chairman and CEO, Gino Bonanotte, Executive Vice President and CFO, Jack Malloy, Executive Vice President of Products and Sales, and Kelly Mark, Executive Vice President, Services and Software. Greg and Gina will review our results along with commentary, and Jack and Kelly will join for Q&A. We've posted an earnings presentation and news release at MotorolaSolutions.com slash investor. These materials include GAAP to non-GAAP reconciliations for your reference. And during the call, we reference non-GAAP financial results, including those in our outlook, unless otherwise noted. A number of forward-looking statements will be made during this presentation and during the Q&A portion of the call. These statements are based on current expectations and assumptions that are subject to a variety of risks and uncertainties. Actual results could differ materially from these forward-looking statements. Information about factors that could cause such differences can be found in today's earnings news release, in the comments made during this conference call, in the risk factors section of our 2018 annual report on Form 10-K, and in our other reports and filings with the SEC. We do not undertake any duty to update any forward-looking statement. And with that, I'll turn it over to Greg.

Thanks, Tim. Good afternoon, and thanks for joining us today. I'll start off by sharing a few thoughts about the overall business before Gino takes us through the results and the outlook. So first, Q3 was another strong quarter. We grew revenue 7%. expanded operating margins by 120 basis points, and generated $525 million of operating cash flow, an increase of 55% versus the prior year. Additionally, we ended the quarter with our highest backlog position ever of $11 billion, up $1.6 billion year-over-year, and up $160 million sequentially. Second, we continue to execute well across all platforms. Our land mobile radio business is on pace for another record year of sales and earnings led by North America. Our video security business had another strong quarter of revenue growth and is gaining traction with government customers. And our command center software business is continuing to drive revenue growth and margin expansion in our software and services segment. And finally, based on our Q3 results and our expectations for another solid performance in Q4, we're once again raising our earnings per share estimates for the full year 2019. And with that, I'll now turn the call over to Gino to provide additional details on Q3 results and outlook before returning just for some very brief closing thoughts.