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Raytheon Technologies(RTX) - 2022 Q4 - Annual Report
2023-02-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ 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 name of registrant as specified in its charter) Delaware 06-0570975 (State or Other Jurisdiction of ...
Raytheon Technologies(RTX) - 2022 Q4 - Earnings Call Transcript
2023-01-24 17:27
Raytheon Technologies Corp. (NYSE:RTX) Q4 2022 Earnings Conference Call January 24, 2023 8:30 AM ET Company Participants Greg Hayes - Chairman and Chief Executive Officer Chris Calio - Chief Operating Officer Neil Mitchill - Chief Financial Officer Conference Call Participants Robert Stallard - Vertical Research Sheila Kahyaoglu - Jefferies Ronald Epstein - Bank of America Noah Poponak - Goldman Sachs Peter Arment - Baird Myles Walton - Wolfe Research David Strauss - Barclays Cai von Rumohr - Cowen Kristine ...
Raytheon Technologies(RTX) - 2022 Q4 - Earnings Call Presentation
2023-01-24 12:38
16 18 Raytheon Technologies: P&W Engine Shipments to Customers | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------|-------|-------|-------------|-------|-------|-------|-------|-----------|-------|-------| | | Q1 | Q2 | 2021 \nQ3 | Q4 | FY | Q1 | Q2 | 2022 \nQ3 | Q4 | FY | | Military | 44 | 61 | 58 | 55 | 218 | 60 | 62 | 49 | 48 | 219 | | Large Commercial 1 | 137 | 144 | 165 | 177 | 623 | 119 | 177 | 192 | 224 | 712 | | Pratt & Whitney Canada 2 | 396 | 467 | 475 ...
Raytheon Technologies Corporation (RTX) Presents at Baird 52nd Annual Global Industrial Conference 2022
2022-11-11 15:34
Raytheon Technologies Corporation (NYSE:RTX) Baird 52nd Annual Global Industrial Conference 2022 November 8, 2022 9:30 AM ET Company Participants Neil Mitchill - Executive Vice President and Chief Financial Officer Conference Call Participants Peter Arment - Baird Peter Arment Thanks, everyone. Good morning. My name is Peter Arment, the Senior Aerospace Defense Analyst here at Baird. We are delighted to have with us Raytheon Technologies this morning. And from Raytheon, we have Neil Mitchill, as Executive V ...
Raytheon Technologies(RTX) - 2022 Q3 - Earnings Call Presentation
2022-10-25 16:49
《 Raytheon Technologies 3Q 2022 Earnings Conference Call October 25, 2022 © 2022 Raytheon Technologies All rights reserved Forward-Looking Statements 1 Note: All results and expectations in the presentation reflect continuing operations unless otherwise noted. This webcast 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 written forwardlooking statements may also be in ...
Raytheon Technologies(RTX) - 2022 Q3 - Earnings Call Transcript
2022-10-25 15:50
Raytheon Technologies Corporation (NYSE:RTX) Q3 2022 Earnings Conference Call October 25, 2022 8:30 AM ET Company Participants Jennifer Reed - Vice President, Investor Relations Greg Hayes - Chairman and Chief Executive Officer Neil Mitchill - Chief Financial Officer Conference Call Participants Peter Arment - Baird Noah Poponak - Goldman Sachs Sheila Kahyaoglu - Jefferies Robert Stallard - Vertical Research Partners Ron Epstein - Bank of America David Strauss - Barclays Seth Seifman - JPMorgan Myles Walton ...
Raytheon Technologies(RTX) - 2022 Q3 - Quarterly Report
2022-10-24 16:00
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 RAYTHEON TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) ____________________________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Delaware 06-0570975 1000 Wilson Boulevard, Arlington, Virgin ...
Raytheon Technologies Corporation (RTX) Presents at Morgan Stanley 10th Annual Laguna Conference (Transcript)
2022-09-14 17:00
Raytheon Technologies Corporation Conference Call Summary Company Overview - **Company**: Raytheon Technologies Corporation (NYSE: RTX) - **Sales**: Last year's sales were $64.4 billion, with guidance for this year between $67.75 billion to $68.75 billion, likely at the lower end due to supply chain challenges [5][6] Financial Guidance - **Earnings Per Share (EPS)**: Maintained guidance of $4.60 to $4.80 despite external challenges [6] - **Free Cash Flow**: Updated guidance to approximately $4 billion, down from $6 billion due to changes in R&D tax credit regulations [6][7] - **Share Buyback**: Approximately $2.5 billion planned, with over $13 billion returned to shareholders since the merger [7][8] Supply Chain Challenges - **Current Issues**: Facing challenges with structural castings and electronics, with expectations of resolution by the end of the year for some issues [10][12] - **Labor Shortages**: Company has hired over 23,000 employees but still has 13,000 job openings, indicating a broader labor market issue [16][17] - **Inflation Impact**: Significant inflation in raw materials and energy costs, with strategies in place to mitigate these through long-term agreements and cost reductions [19][20] Aerospace Recovery Outlook - **Recovery Timeline**: Expecting full recovery of aerospace by 2024, currently at about 75% of 2019 levels [23][24] - **Aftermarket Growth**: Anticipating 20% to 25% growth in aftermarket services for Pratt and Collins Aerospace [24][25] - **Production Rates**: Projecting 20% growth in original equipment (OE) revenue for Pratt, with specific production targets for Boeing and Airbus [29][30] Defense Business Insights - **Backlog**: Defense backlog stands at $65 billion, with contracts expected to play out over the next three to four years [32] - **Growth Projections**: Anticipating mid to high single-digit growth in the defense business through 2025 [33][34] - **F-35 Engine Development**: Discussed the development of the adaptive engine and its implications for future contracts and costs [35][36] Capital Allocation Strategy - **Shareholder Returns**: Committed to returning $20 billion to shareholders over four years, with a mix of $12 billion in dividends and $8 billion in share buybacks [39][40] - **M&A Activity**: Any potential M&A would be outside the $20 billion commitment, with no significant acquisitions anticipated [39][43] Cost Reduction Initiatives - **Operational Efficiency**: Focus on cost reduction through productivity improvements, supply chain management, and capital allocation [46][50] - **Long-term Investments**: Maintaining a capital expenditure of $2.5 billion to $3 billion and R&D of $3 billion to support future growth [49][50] Conclusion - **Overall Outlook**: Despite current challenges, Raytheon Technologies remains optimistic about long-term growth in both aerospace and defense sectors, with a strong focus on operational efficiency and shareholder returns [51][52]
Raytheon Technologies(RTX) - 2022 Q2 - Earnings Call Presentation
2022-07-26 16:58
% Raytheon Technologies 2Q 2022 Earnings Conference Call July 26, 2022 © 2022 Raytheon Technologies All rights reserved Forward-Looking Statements 1 Note: All results and expectations in the presentation reflect continuing operations unless otherwise noted. This webcast 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 written forwardlooking statements may also be inclu ...
Raytheon Technologies(RTX) - 2022 Q2 - Earnings Call Transcript
2022-07-26 16:57
Raytheon Technologies Corporation (NYSE:RTX) Q2 2022 Earnings Conference Call July 26, 2022 8:30 AM ET Company Participants Jennifer Reed - Vice President, Investor Relations Greg Hayes - Chairman and Chief Executive Officer Neil Mitchill - Chief Financial Officer Conference Call Participants Ron Epstein - Bank of America Robert Stallard - Vertical Research Partners David Strauss - Barclays Noah Poponak - Goldman Sachs Sheila Kahyaoglu - Jefferies Peter Arment - Baird Robert Spingarn - Melius Research Seth ...