Motorola Solutions, Inc. (NYSE:MSI) Q2 2023 Earnings Call Transcript

And while we’re doing that and running the business and lowering PPV costs and incrementally improving supply chain and engineering in real time doing product redesign, we’re expanding gross margins, we’re expanding operating margins. We have a record Q2 for orders. We end Q2 with record backlog. We talked about the duration of backlog being stronger. And Jack talked about the pipeline activity and the order velocity and conversion. It’s excellent. And Jason talked about that we expect backlog to be strong for the balance of the remainder of the year. The last two things I’d say is we referenced it a little bit, we just talked about Rave. I’m really proud of the acquisitions we’ve made, the integration work that’s been done organizationally and strategically, but also technically.

And those acquisitions are performing at or above what we expected. We have – I love the upgrade. We just got, we have a strong balance sheet. We continue to be disciplined in capital allocation, and I think we have an excellent opportunity in front of us. I appreciate you joining us, and we’ll talk to you again in a few months. Thank you.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. A replay of this call will be available over the internet within three hours. The website address is www.motorolasolutions.com/investor. We thank you for your participation and ask that you please disconnect your lines at this time.