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Raytheon Technologies(RTX) - 2024 Q4 - Annual Results
2025-01-28 12:11
Exhibit 99 Media Contact 202.384.2474 Investor Contact 781.522.5123 RTX Reports 2024 Results and Announces 2025 Outlook RTX exceeds 2024 sales and EPS expectations*; Expects continued sales, earnings, and cash flow growth in 2025 ARLINGTON, Va., January 28, 2025 – RTX (NYSE: RTX) reports fourth quarter 2024 results and announces 2025 outlook. Fourth quarter 2024 Full year 2024 Outlook for full year 2025 "RTX delivered a very strong year of performance in 2024 with 11 percent organic sales growth* and 13 per ...
RTX Reports 2024 Results and Announces 2025 Outlook
Prnewswire· 2025-01-28 12:05
RTX exceeds 2024 sales and EPS expectations*; Expects continued sales, earnings, and cash flow growth in 2025 ARLINGTON, Va., Jan. 28, 2025 /PRNewswire/ -- RTX (NYSE: RTX) reports fourth quarter 2024 results and announces 2025 outlook. Fourth quarter 2024 Sales of $21.6 billion, up 9 percent versus prior year, and up 11 percent organically* excluding divestitures GAAP EPS was $1.10 and included $0.30 of acquisition accounting adjustments and $0.14 of restructuring and other net significant and/or non-recur ...
What Analyst Projections for Key Metrics Reveal About RTX (RTX) Q4 Earnings
ZACKS· 2025-01-23 15:21
Earnings and Revenue Forecast - Wall Street analysts forecast RTX to report quarterly earnings of $1.37 per share, a year-over-year increase of 6.2% [1] - Expected revenues for the quarter are $20.56 billion, reflecting a 3.2% increase compared to the same quarter last year [1] - Over the last 30 days, there has been a downward revision of 2.5% in the consensus EPS estimate for the quarter [2] Key Metrics Analysis - Analysts estimate 'Adjusted Net Sales- Collins Aerospace' at $7.40 billion, indicating a year-over-year increase of 5.7% [5] - Consensus estimate for 'Adjusted Net Sales- Pratt & Whitney' is $6.92 billion, reflecting a year-over-year increase of 7.5% [5] - Forecast for 'Net Sales- Raytheon' is $6.77 billion, suggesting a year-over-year decline of 1.7% [5] Operating Profit Projections - Analysts predict 'Operating Profit- Collins Aerospace- Adjusted' to reach $1.22 billion, compared to $1.04 billion in the same quarter last year [6] - Projected 'Operating Profit- Raytheon- Adjusted' is $659.57 million, up from $618 million in the year-ago quarter [6] - Consensus estimate for 'Operating Profit- Pratt & Whitney- Adjusted' is $620.03 million, compared to $405 million in the same quarter last year [7] Stock Performance - RTX shares have shown returns of +6.5% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [7] - RTX holds a Zacks Rank 3 (Hold), indicating expectations for the stock to mirror overall market performance in the near future [7]
Will Rising Commercial Air Traffic Aid RTX Q4 Earnings?
ZACKS· 2025-01-22 13:06
RTX Corp. (RTX) is scheduled to release fourth-quarter 2024 results on Jan. 28, 2025, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company delivered an average earnings surprise of 7.62% for the trailing 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.RTX’s Growing Commercial Sales: A Key Growth CatalystSteadily increasing domestic and internationa ...
The Zacks Analyst Blog The Home Depot, RTX, Applied Materials, Kewaunee Scientific and AXIL Brands
ZACKS· 2025-01-21 09:01
For Immediate ReleasesChicago, IL – January 21, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include, The Home Depot, Inc. (HD) , RTX Corp. (RTX) , Applied Materials, Inc. (AMAT) , Kewaunee Scientific Corp. (KEQU) and AXIL Brands, Inc. (AXIL) .Here are highlights from Tuesday’s Analyst Blog:Top Analyst Reports for Home ...
RTX Clinches a $529M Deal to Provide Patriot Missile to Netherlands
ZACKS· 2025-01-17 12:36
RTX Corporation's Recent Contract Win - RTX Corporation's Raytheon segment secured a $529 million contract to deliver Patriot air and missile defense systems to the Netherlands, including a fire unit with radar, launchers, command and control stations, and support equipment [1] - Work for this contract will primarily be executed in Andover, MA, and Huntsville, AL [1] Geopolitical Trends Driving Defense Demand - Rising geopolitical tensions and regional conflicts are prompting countries to strengthen their defense capabilities, particularly in missile systems [2] - RTX benefits from this trend as a leading missile manufacturer, with the recent contract win being a prime example [2] Patriot Missile System Overview - RTX's Patriot is a long-range, high-altitude, all-weather missile defense system designed to counter tactical ballistic missiles, cruise missiles, and advanced fighter aircraft [3] - To date, 240 Patriot fire units have been delivered, and 19 nations currently use the system for integrated air and missile defense [3] Global Missile Defense Market Outlook - The global missile and missile defense systems market is projected to grow at a CAGR of 5% from 2025 to 2030, according to Mordor Intelligence [4] - RTX's product portfolio includes combat-proven systems like the SM-6, Guidance Enhanced Missile, National Advanced Surface-to-Air Missile System, Tomahawk, Standard Missile 2, and AIM-9X Sidewinder, in addition to Patriot [4] Opportunities for Other Defense Companies - Boeing (BA) has a long-term earnings growth rate of 19.3% and offers air and missile defense systems like the Avenger Air Defense System, Aegis Ballistic Missile Defense, and Ground-Based Midcourse Defense [5][6] - Northrop Grumman (NOC) has a long-term earnings growth rate of 19% and provides high-speed, long-range strike weapons such as the AARGM-ER, along with warheads, fuses, and propulsion systems [6][7] - Lockheed Martin (LMT) has a long-term earnings growth rate of 4.4% and develops advanced missiles and rockets, including the PAC-3 family, M270, Reduced-Range Practice Rocket, and Terminal High Altitude Area Defense [7][8] RTX Stock Performance - Over the past six months, RTX shares have risen 16%, outperforming the industry's decline of 1.6% [11] - RTX currently holds a Zacks Rank 3 (Hold) [12]
RTX's Raytheon awarded $529 million contract to replenish Dutch Patriot air defense system
Prnewswire· 2025-01-16 15:00
Contract Details - Raytheon awarded a $529 million contract to supply the Netherlands with a Patriot air and missile defense system fire unit and related equipment [1] - The contract includes a single fire unit consisting of a radar, launchers, command and control stations, and other support equipment [2] - Work on the contract will primarily be conducted in Andover, Mass and Huntsville, Ala [3] Company Overview - Raytheon is a leading provider of defense solutions, specializing in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space [4] - RTX, the parent company of Raytheon, has over 185,000 global employees and reported 2023 sales of $69 billion [5] Industry Impact - The Patriot system is the only combat-proven ground-based air and missile defense capability in the world, defending against advanced long-range cruise missiles, tactical ballistic missiles, and air-breathing threats [2] - Patriot serves as the foundation of air defense for 19 countries and has demonstrated effectiveness against advanced aerial threats and complex raid attacks [2] - The Netherlands' investment in Patriot ensures collective security and deterrence across Europe [2]
Member of the Board, Lars Christian Tofft, has suddenly passed away
GlobeNewswire· 2025-01-16 09:25
Noerresundby, Denmark, 16 January 2025Announcement no. 02/2025 It is with sadness that we have to announce that member of our board, Lars Christian Tofft, has passed away. Lars Christian Tofft has been a member of RTX's board since 2017, and he has actively contributed to the company's strategy and development. His straightforward and constructive approach has always been value-creating and appreciated by the board. Best regards,RTX A/S Peter Thostrup Chair of the Board Attachment RTX CA No 02-2025 - 1 ...
RTX Corporation: A Resilient Growth Story In Aerospace And Defense
Seeking Alpha· 2025-01-15 13:00
iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.It’s been a while since I last covered RTX Corporation (NYSE: RTX ) back in September of last year, noting its robust backlog and solid growth in the aerospa ...
RTX in 2025: Stability, Challenges, and Growth Potential
The Motley Fool· 2025-01-14 00:00
Explore the exciting world of RTX (RTX 2.29%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!*Stock prices used were the prices of Nov. 20, 2024. The video was published on Jan. 13, 2025. ...