Raytheon Technologies Corporation ( (RTX) ) has released its Q4 earnings. Here is a breakdown of the information Raytheon Technologies Corporation presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Raytheon Technologies Corporation (RTX), headquartered in Arlington, Virginia, is a leading aerospace and defense company, known for its advanced technological solutions in aviation and integrated defense systems through its businesses, Collins Aerospace, Pratt & Whitney, and Raytheon.
RTX recently reported its 2024 financial results, showcasing significant achievements in both sales and earnings. The company exceeded expectations with a 9% increase in reported sales, reaching $80.7 billion, and a substantial 13% growth in adjusted earnings per share. Additionally, RTX announced an optimistic outlook for 2025, expecting continued growth in sales, earnings, and cash flow.
Key financial highlights from 2024 include an impressive $218 billion in backlog orders, with $125 billion in commercial and $93 billion in defense. The company also reported a strong operating cash flow of $7.2 billion and returned $3.7 billion to shareholders. The Collins Aerospace segment saw an 8% sales increase, driven by defense and commercial aftermarket growth, despite a decrease in commercial original equipment. Meanwhile, Pratt & Whitney reported an 18% sales growth, bolstered by increased commercial and military volumes. Raytheon also showed a solid 4% sales increase, influenced by higher land and air defense systems volumes.
Looking forward, RTX anticipates adjusted sales between $83 and $84 billion for 2025, with projected adjusted earnings per share ranging from $6.00 to $6.15. The company remains confident in its strategic priorities and market demand, supported by a robust backlog and innovative product development. Management emphasizes its commitment to executing on strategic initiatives and maintaining growth momentum in the upcoming year.
