Motorola Solutions, Inc.

Good afternoon and thank you for holding. Welcome to the Motorola Solutions fourth quarter 2019 earnings conference call. Today's call is being recorded. If you have any objections, please disconnect at this time. The presentation material and additional financial tables are currently posted on the Motorola Solutions Investor Relations website. In addition, a replay of this call will be available approximately three hours after the conclusion of the call over the Internet. The website address is www.motorolasolutions.com slash investor. At this time, all participants have been placed in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. You will have an opportunity to ask questions after today's presentation. I would now like to actually introduce Mr. Tim Yochum, Vice President of Investor Relations. Mr. Yochum, you may begin your conference.

Good afternoon. Welcome to our 2019 fourth quarter earnings call. With me today are Greg Brown, Chairman and CEO, Gino Bonanotte, Executive Vice President and CFO, Jack Malloy, Executive Vice President, Products and Sales, and Kelly Mark, Executive Vice President, Software and Services. Greg and Gino 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 the conference call, in the risk factor section of our 2018 Annual Report 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, everybody, for joining us today. I'm going to start off by sharing a few thoughts about the overall business. before Gino takes us through the results and outlook. First, Q4 was an outstanding quarter, capping another record year for the company. We grew revenue 5%, expanded operating margins by 80 basis points, generated $795 million of operating cash flow. Additionally, we ended the quarter with our highest backlog position ever of $11.3 billion, up $659 million year-over-year, and up $217 million sequentially. Second, our full year 2019 results exemplify the strength of our business. In our product segment, we grew revenue mid-single digits, driven by a second consecutive year of record land mobile radio sales in North America, as well as strong growth in our video security business. In software and services, we grew revenue double digits and expanded operating margins by 330 basis points. on strong demand for our command center software solutions and continued growth in our services business. And finally, as I look to 2020, our record backlog position coupled with the investments in our command center software and video security portfolios position us well for another year of organic revenue growth, operating margin expansion, and strong free cash flow generation. I'll now turn the call over to Gino to provide additional details on Q4 results and 2020 outlook before returning for some closing thoughts.