Rockwell Collins 3Q Profit Jumps 17%, EPS 20%,

Rockwell Collins Inc. (NYSE: COL) released its fourth quarter financial results on Oct. 28, 2011.

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The company reported that it realized $175 million in quarterly net income, a 17 percent increase over the third quarter of 2010.

Earnings per share rose 20 percent over that period to $1.13 from 94 cents.

The company said its divestiture of its Rollment business resulted in a $17 million after-tax gain.

“I am pleased with the performance of our business as we closed out fiscal year 2011, especially related to cash flow generation and increased operating margins, ” said Rockwell Collins Chairman, President and Chief Executive Officer Clay Jones.

“Commercial Systems continued to realize strong revenue growth and rapidly expanding operating margins, while Government Systems sustained its robust operating margins in the face of modestly declining sales.”

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