RTX 4Q Sales Beats Expectations
January 23 2024 - 7:45AM
Dow Jones News
By Denny Jacob
RTX posted better-than-expected sales in the latest quarter.
The aerospace and defense company logged net income attributable
to common shareholders of $1.43 billion, or $1.05 a share, for the
fourth quarter ended Dec. 31, edging up from $1.42 billion, or 96
cents a share, a year earlier. Adjusted earnings were $1.29 a
share, above analysts' estimates of $1.24.
Sales rose to $19.93 billion from $18.09 billion. Analysts
polled by FactSet expected $19.74 billion.
For 2024, RTX forecast sales between $78 billion and $79
billion. It also guided for adjusted earnings per-share in the
range of $5.25 and $5.40, as well as free cash flow of about $5.7
billion. Analysts polled by FactSet forecast sales around $79.33
billion, adjusted earnings per-share at $5.27, and free cash flow
of $5.16 billion in 2024.
RTX's backlog at the end of the quarter was $196 billion, of
which $118 billion was from commercial aerospace and $78 billion
was from defense.
"The financial and operational outlook of our GTF fleet
management plans remain consistent from October and continues to be
a top priority as we focus on driving performance across all three
businesses to support our customers and deliver shareowner value,"
said Chief Operating Officer Chris Calio.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 23, 2024 07:30 ET (12:30 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
RTX (NYSE:RTX)
Historical Stock Chart
From Oct 2024 to Nov 2024
RTX (NYSE:RTX)
Historical Stock Chart
From Nov 2023 to Nov 2024
