Rockwell Collins, Inc. (NYSE: COL) reported net income of $142 million for its fiscal year 2010 third quarter ended June 30, 2010, a decrease of $3 million, or 2%, from fiscal year 2009 third quarter net income of $145 million. Earnings per share was $0.89, a decrease of $0.02 from earnings per share of $0.91 for the same period in 2009.

Third quarter 2010 sales increased $130 million, or 12%, to $1.214 billion compared to sales of $1.084 billion for the same period a year ago. Organic revenue growth was 8%, while incremental sales from the acquisitions of DataPath and Air Routing contributed $43 million, or 4%, to total revenues. Total segment operating margins were 18.8% for the third quarter of 2010 compared to 21.5% for the third quarter of 2009.

Cash provided by operating activities for the first nine months of 2010 totaled $440 million compared to the $381 million reported for the same period last year. The increase resulted primarily from lower payments for employee incentive compensation.

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