Fool.com contributor Parkev Tatevosian looks at RTX (RTX 0.45%) from the viewpoint of a dividend stock investor and answers if the stock is a buy. *Stock prices used were the afternoon prices of Dec. 19, 2023. The video was published on Dec. 21, 2023. ...

COLLINS AEROSPACE PRATT & WHITNEY RAYTHEON © 2023 RTX All rights reserved 1 Accelerating Capital Return to Shareowners RTX is an attractive investment opportunity that is accretive to shareholder value 3Q 2023 Highlights % RTX 3Q 2023 Earnings Conference Call October 24, 2023 Forward-Looking Statements This presentation contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or ...

Financial Data and Key Metrics Changes - The company recorded a reported sales charge of $5.4 billion, resulting in a $2.9 billion operating profit impact, which aligns with previous expectations [45] - Adjusted sales for the quarter were $19 billion, reflecting a 12% organic growth compared to the prior year, driven by strong demand in commercial OE and aftermarket businesses [46][47] - Adjusted EPS was $1.25, up 3% year-over-year, with strong free cash flow of $2.8 billion in the quarter [31][49] Business Line Data and Key Metrics Changes - Collins adjusted sales were $6.7 billion, up 17% on both an adjusted and organic basis, primarily due to strength in commercial OE and aftermarket growth [50] - Pratt & Whitney's adjusted sales were $6.3 billion, up 18% and 17% on an organic basis, with commercial aftermarket sales increasing by 21% [73] - Raytheon's sales were $6.5 billion, up 3% on an adjusted and organic basis, driven by higher volume in Naval Power programs [76] Market Data and Key Metrics Changes - The company captured $22 billion in new bookings during the quarter, resulting in a book-to-bill ratio of 1.19, bringing the backlog to a record $190 billion [39] - Commercial air traffic demand remains strong, with commercial OE growth of 26% and commercial aftermarket growth of 25% [39] - Defense sales increased by 2% year-over-year, supported by ongoing global defense spending [46] Company Strategy and Development Direction - The company announced a $10 billion accelerated share repurchase program, indicating confidence in the intrinsic value of RTX compared to its current stock price [18][21] - The company is focused on maintaining trust with customers and partners while improving operational performance, particularly in response to the powdered metal manufacturing quality issue [15][16] - The company is actively managing its portfolio, including the sale of Raytheon's cyber services business for approximately $1.3 billion [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future of RTX, citing robust demand for products and resilient end markets across commercial aerospace and defense [16] - The company anticipates continued growth in organic sales, segment operating profit, and free cash flow for 2024, despite potential normalization in commercial air travel demand [64][65] - Management acknowledged inflationary pressures but indicated ongoing efforts to mitigate these challenges [66] Other Important Information - The company expects free cash flow for the year to improve by approximately $500 million, raising the outlook to about $4.8 billion [43] - The company is tightening its EPS range to between $4.98 and $5.02 for the year [42] - The company has a record backlog of $190 billion, indicating strong future revenue potential [67] Q&A Session Summary Question: What are the biggest risks the company is looking at? - Management identified MRO output as a key lever, emphasizing the need to accelerate MRO output and improve capacity and material flow [90] Question: Can you elaborate on the inspections for the A220, E2, and V2500 engines? - Management confirmed that inspections are ongoing and that the impact is manageable, with a focus on maintaining operational efficiency [95][120] Question: Why announce the $10 billion ASR now? - The decision was based on confidence in resolving the powdered metal issue and the belief that the current stock price represents a significant discount to intrinsic value [99][124] Question: What lessons have been learned from the powdered metal issue? - Management highlighted the establishment of a product safety review committee to improve engineering processes and prevent future issues [127] Question: How does the company view the margin profile of new contracts related to Ukraine? - Management indicated that while there are significant orders, the revenue impact will be gradual, with expectations for delivery over the next 24 to 36 months [135]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-00812 ____________________________________ RTX CORPORATION (Exact name of registr ...

RTX Corporation (NYSE:RTX) Q2 2023 Earnings Conference Call July 25, 2023 8:00 AM ET Company Participants Gregory Hayes - Chairman, Chief Executive Officer Christopher Calio - President, Chief Operating Officer Neil Mitchill - Chief Financial Officer Conference Call Participants Robert Stallard - Vertical Research Myles Walton - Wolfe Research Ronald Epstein - Bank of America Peter Arment - Baird Sheila Kahyaoglu - Jefferies Kristine Liwag - Morgan Stanley Seth Seifman - JP Morgan Ken Herbert - RBC Capital ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-00812 ____________________________________ RTX CORPORATION (Exact name of registrant a ...

Raytheon Technologies Corp. (NYSE:RTX) Q1 2023 Earnings Conference Call April 25, 2023 8:30 AM ET Company Participants Gregory Hayes - Chairman and Chief Executive Officer Christopher Calio - President and Chief Operating Officer Neil Mitchill - Chief Financial Officer Jennifer Reed - Vice President of Investor Relations Conference Call Participants Myles Walton - Wolfe Research Noah Poponak - Goldman Sachs Robert Stallard - Vertical Research Partners Matthew Akers - Wells Fargo Sheila Kahyaoglu - Jefferi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-00812 ____________________________________ RAYTHEON TECHNOLOGIES CORPORATION (Exact n ...

Summary of Raytheon Technologies Corporation Conference Call Company Overview - **Company**: Raytheon Technologies Corporation (NYSE: RTX) - **Date**: February 22, 2023 - **Participants**: Chris Calio (COO), Neil Mitchill (CFO), John Thorton (Citi) Key Industry Insights - **Industry**: Aerospace and Defense (A&D) - **Market Dynamics**: The company is experiencing strong demand across both defense and commercial sectors, with a significant backlog of $175 billion, including nearly $70 billion in defense contracts [5][4]. Financial Performance - **2022 Results**: - Organic sales growth of 6% - Year-over-year EPS growth of 12% - Free cash flow of nearly $5 billion, exceeding expectations [4]. - **2023 Guidance**: - Projected organic sales growth of 7% to 9% - EPS range of $4.90 to $5.05 - Expected free cash flow of $4.8 billion [8]. Strategic Priorities - **Medium-Term Focus Areas**: - Capacity expansions - Investment in skilled workforce - Supply chain improvements - Inflation management [2][10]. - **2025 Targets**: The company remains confident in achieving its 2025 financial targets despite market fluctuations and challenges [6][7]. Supply Chain Management - **Challenges**: The company faced $2 billion in inflation headwinds in 2022, primarily from product and labor costs [14]. - **Actions Taken**: - Engaged approximately 400 supply chain professionals to enhance visibility and quality management [11]. - Signed around 400 long-term agreements (LTAs) to secure supply and improve planning [12]. Investment Strategy - **Investment Focus**: - $5 billion in R&D and capital expenditures in 2023, increasing to $6 billion by 2025 [27]. - Emphasis on sustainable aviation, connected battle space, and data harnessing for predictive maintenance [20][21]. - **Technology Development**: Investments in advanced materials, electrification, and digital engineering to enhance product capabilities [22][23][25]. Organizational Restructuring - **Business Realignment**: Transitioning from four business units to three to improve efficiency and customer alignment [36][37]. - **Operational Synergies**: Expected improvements in operational performance and cost synergies through better resource allocation [42]. Growth Opportunities - **Space Sector**: Identified as a growth area, with a focus on proliferated Low Earth Orbit (LEO) capabilities and recent acquisitions to enhance market position [46][48]. - **Pratt & Whitney**: The GTF engine program is a core growth driver, with ongoing investments to improve performance and reduce costs [54][57]. Conclusion - **Outlook**: Raytheon Technologies is positioned for growth with a strong backlog, strategic investments, and a focus on operational efficiency. The company is committed to maintaining a robust balance sheet while pursuing long-term growth opportunities in the aerospace and defense sectors [29][30].

Raytheon Technologies Corporation (NYSE:RTX) Barclays Industrial Select Conference Call February 22, 2023 9:10 AM ET Company Participants Neil Mitchill - CFO Greg Hayes - Chairman and CEO Conference Call Participants David Strauss - Barclays David Strauss I keep reiterating, he’s been a strong support of this conference, seems to make it every year. So thank you for that. And Neil Mitchill, Chief Financial Officer of Raytheon Technology. So with that, hand it over to Greg for some opening comments and neces ...