Motorola Solutions, Inc.

Good afternoon and thank you for holding. Welcome to the Motorola Solutions 4th Quarter 2022 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 posted on the Motorola Solutions Investor Relations website. In addition, a webcast replay of this call will be available on our website within two hours after the conclusion of this call. The website address is www.motorolasolutions.com forward slash investor. All participants have been placed in a listen-only mode. You will have an opportunity to ask questions after today's presentation. If you would like to ask a question, please press star 1 on your telephone keypad. I would now like to introduce Mr. Tim Yochum, Vice President of Investor Relations. Mr. Yochum, you may begin your conference.

Welcome to our 2022 fourth quarter earnings call. With me today are Greg Brown, Chairman and CEO, Jason Winkler, Executive Vice President and CFO, Jack Malloy, Executive Vice President and COO, and Mahesh Saptarishi, Executive Vice President and CTO. Greg and Jason will review our results along with commentary, and Jack and Mahesh 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 factor section of our 2021 annual report on Form 10-K, or any quarterly report on Form 10-Q, and in our other reports and filings with the SEC. We do not undertake any duty to update any forward-looking statements. I'll now turn it over to Greg.

Thanks, Tim. Good afternoon. Thanks for joining us today. I'm going to start off by sharing a few thoughts about the overall business before Jason takes us through our results and the outlook. First, our record Q4 results highlight the continued robust demand we're seeing for our public safety and enterprise security solutions. During the quarter, we grew revenue 17%, earnings per share 26%, expanded operating margins by 150 basis points, and generated a record 1.3 billion of operating cash flow. Additionally, orders remained strong, which led to record-ending backlog of 14.3 billion, up 800 million versus last year. Second, 2022 was an outstanding year across the board. In our products and systems integration segment, we grew revenue 14%, driven by strong growth in both LMR and video security, and we ended the year with record backlog up 22% versus last year. We also expanded operating margins in the segment by 110 basis points, despite higher costs related to semiconductors. In software and services, revenue was up 8% and 12% when normalized for FX headwinds, highlighted by double digit growth in both video security and command center. And finally, as I look to 2023, positions us well for another year of strong revenue and earnings growth. I'll now turn the call over to Jason to take you through our results and outlook.