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Raytheon Technologies(RTX) - 2024 Q2 - Earnings Call Presentation
2024-07-25 12:48
Raytheon • Higher volume on land and air defense systems programs • 1.13 rolling 12-month book-to-bill • Premier small engine franchise and #1 or #2 provider in key segments 11 1 Net significant and/or non-recurring items represent significant nonoperational items and/or significant operational items that may occur at irregular intervals. largest aircraft order in Philippine aviation history. This is in addition to the airline's 15 GTFpowered aircraft ordered in February. ▲19% Organic sales* HIGHLIGHTS ▲19% ...
RTX (RTX) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-07-25 12:45
This quarterly report represents an earnings surprise of 9.30%. A quarter ago, it was expected that this an aerospace and defense company would post earnings of $1.23 per share when it actually produced earnings of $1.34, delivering a surprise of 8.94%. RTX, which belongs to the Zacks Aerospace - Defense industry, posted revenues of $19.72 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.15%. This compares to year-ago revenues of $18.32 billion. The company has topped co ...
Raytheon Technologies(RTX) - 2024 Q2 - Quarterly Results
2024-07-25 10:47
Exhibit 99 1 . Media Contact 202.384.2474 Investor Contact 781.522.5123 RTX delivers solid operational performance and 8% sales growth; Increases 2024 outlook for adjusted sales* and adjusted EPS*, revises free cash flow* ARLINGTON, Va., July 25, 2024 – RTX (NYSE: RTX) reported second quarter 2024 results. Second quarter 2024 • Reported sales of $19.7 billion, up 8 percent versus prior year and up 10 percent on an organic* basis • Adjusted sales* of $19.8 billion, up 8 percent versus prior year • GAAP EPS w ...
3 Stocks to Watch for Earnings Acceleration: RTX, IPI, DHT
ZACKS· 2024-07-24 13:01
Earnings growth captivates almost everyone, from a company's top brass to research analysts. Yet, earnings acceleration works better when lifting the stock price. Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in their price. Earnings acceleration is the incremental growth in a company's earnings per share (EPS). In other words, if a company's quarter-over-quarter earnings growth rate increases within a stipulated time frame, it can be called earnings a ...
RTX's Pratt & Whitney GTF™ Engines Surpass 950 Orders and Commitments in 2024
Prnewswire· 2024-07-24 13:00
LONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show – Pratt & Whitney, an RTX (NYSE: RTX) business, announced more than 950 GTF engine orders and commitments since the beginning of 2024. Airlines and lessors that have announced orders include Avolon, Breeze Airways, Cebu Pacific, Icelandair, JetSMART, Mexicana, SKY Airline, SMBC, and Vietjet. In total, more than 11,000 GTF engine orders and commitments have been placed by more than 90 customers worldwide. "These orders demonstrate continued customer ...
RTX's Pratt & Whitney GTF™ engines to power 11 Airbus A220 aircraft for Air Niugini
Prnewswire· 2024-07-24 12:00
"This is an exciting time for Air Niugini as we modernize our fleet," said Gary Seddon, chief executive officer of Air Niugini. "By upgrading next-generation aircraft with the most efficient engines, this will revolutionize travel for our passengers, ensuring significant reduction in fuel consumption and emissions, while expanding our route offerings and enhancing passenger experience." LONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show -- Pratt & Whitney, an RTX (NYSE: RTX) business, and Air Niugin ...
RTX's Ascentia® awarded first predictive maintenance customer in Turkey with Freebird Airlines
Prnewswire· 2024-07-24 04:00
Freebird Airlines gains a connected ecosystem through real-time data insights LONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show – Freebird Airlines has selected Collins Aerospace, an RTX business (NYSE: RTX) to add a comprehensive suite of digital solutions enabling the airline to make proactive decisions to improve operations across its A320 fleet of aircraft. Freebird Airlines will implement Ascentia®, a cloud-based data management and analytics platform designed to provide a holistic view of air ...
Collins Aerospace relocating Singapore plant to new $250M manufacturing facility in Seletar Aerospace Park, Singapore
Prnewswire· 2024-07-24 04:00
LONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show — Collins Aerospace, an RTX (NYSE: RTX) business, today announced the relocation of its Singapore manufacturing facility to a new, state-of-the-art site in Seletar Aerospace Park, Singapore. This move represents a significant investment of $250 million and will bolster the company's capabilities and commitment to innovation and excellence in the aerospace industry. Seletar Aerospace Park is home to the world's leading aerospace companies. Employees ...
RTX's Raytheon partners with AVIO to build a more resilient U.S. Defense Industrial Base for solid rocket motor production
Prnewswire· 2024-07-23 16:00
Raytheon signs contract with AVIO to continue the development of solid rocket motor solutions to meet USG and Allied Demand. In April 2024, Avio completed its preliminary design development to support the pressing need for additional sources for two critical solid rocket motor systems. Avio's planned investments in capability and capacity enable them to help support immediate customer demand. Avio is leveraging its Italian manufacturing and engineering teams' existing capabilities to support the maturation ...
Will Rising Commercial Air Traffic Aid RTX in Q2 Earnings?
ZACKS· 2024-07-23 12:31
RTX Corp. (RTX) is set to release second-quarter 2024 results on Jul 25, before market open. The company delivered an average earnings surprise of 6.86% in the last four quarters. Improving commercial air traffic and a solid development volume for the F135 core upgrade program are likely to benefit RTX's quarterly results amid high-interest expenses. Growing Commercial Sales: A Key Growth Catalyst Steadily increasing domestic and international commercial air traffic, resulting in increased flight hours, has ...