The earnings call reflects a strong quarter for RTX, with robust demand driving organic sales growth and a record backlog. Significant achievements in defense bookings and strategic investments indicate positive long-term prospects. However, challenges in commercial OE volumes, ongoing issues with powder metal in the GTF fleet, and specific pressures at Collins Aerospace present notable obstacles. Despite these challenges, the company's overall performance and strategic positioning suggest a positive outlook.

Company Guidance

In the RTX Q3 2024 earnings call, the company reported robust performance metrics, including an 8% organic sales growth and a notable segment margin expansion of 100 basis points. Free cash flow for the quarter was strong at $2 billion, and RTX raised its full-year outlook for adjusted sales and EPS. The company completed a $10.3 billion accelerated share repurchase program, bringing total capital returned to shareholders to over $32 billion since the merger. RTX's backlog reached a record $221 billion, with a book-to-bill ratio of 1.8, supported by $25 billion in defense and $11 billion in commercial orders. Raytheon achieved record awards of $16.6 billion, and Pratt & Whitney secured a $1.3 billion contract for the F135 engine core upgrade. Collins received a $470 million contract from the FAA. Looking forward, RTX expects continued strong organic sales growth, segment margin expansion, and significant free cash flow generation, with a current focus on navigating supply chain and inflation challenges.

Robust Demand and Sales Growth

RTX achieved 8% organic sales growth with strong demand in commercial aftermarket and defense sectors. Segment margin expanded by 100 basis points, and free cash flow was $2 billion. The backlog reached a record $221 billion, with significant defense and commercial orders.

Record Bookings at Raytheon

Raytheon booked $16.6 billion in awards, driven by global demand for integrated air and missile defense capabilities, including $3 billion for Patriot and GMT products.

Strong Performance in Defense

Defense sales were up 10% organically, with significant awards in missile defense systems and development programs like the F135 engine core upgrade.

Strategic Investments and Technology Advancements

RTX is investing in automation and advanced manufacturing, with significant capacity expansions and innovations in hybrid electric propulsion systems and advanced materials.

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RTX (RTX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RTX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2020	2020 (Q1)	- / 1.78	1.127	57.94% (+0.65)	―	―
Jul 28, 2020	2020 (Q2)	- / 0.40	1.298	-69.18% (-0.90)	―	―
Oct 27, 2020	2020 (Q3)	- / 0.58	1.303	-55.49% (-0.72)	―	―
Jan 26, 2021	2020 (Q4)	- / 0.74	1.144	-35.31% (-0.40)	―	―
Apr 27, 2021	2021 (Q1)	0.82 / 0.90	1.78	-49.44% (-0.88)	―	―
Jul 27, 2021	2021 (Q2)	0.93 / 1.03	0.4	157.50% (+0.63)	―	―
Oct 26, 2021	2021 (Q3)	1.09 / 1.26	0.58	117.24% (+0.68)	―	―
Jan 25, 2022	2021 (Q4)	1.02 / 1.08	0.74	45.95% (+0.34)	―	―
Apr 26, 2022	2022 (Q1)	1.01 / 1.15	0.9	27.78% (+0.25)	―	―
Jul 26, 2022	2022 (Q2)	1.12 / 1.16	1.03	12.62% (+0.13)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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RTX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 22, 2024	$125.23	$124.86	-0.30%
Jul 25, 2024	$103.72	$112.27	+8.24%
Apr 23, 2024	$99.88	$99.71	-0.17%
Jan 23, 2024	$83.07	$87.50	+5.33%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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