RTX Reports Q2 2025 Results

Core Insights - RTX reported a 9% increase in sales for Q2 2025, reaching $21.6 billion, driven by strong performance in the commercial aftermarket and operational efficiency [2][6] - The company’s backlog grew to $236 billion, a 15% increase year-over-year, indicating robust demand across its segments [1][6] - Adjusted EPS for Q2 2025 was $1.56, reflecting an 11% increase compared to the previous year [2][3] Financial Performance - Reported sales for Q2 2025 were $21.6 billion, up 9% from $19.7 billion in Q2 2024 [2][4] - Net income attributable to common shareholders was $1.7 billion, which included $0.4 billion of acquisition accounting adjustments [3][4] - Adjusted net income was $2.1 billion, a 12% increase from the prior year, driven by growth in adjusted segment operating profit [3][4] Segment Performance - Collins Aerospace reported sales of $7.6 billion, up 9% year-over-year, with a 13% increase in commercial aftermarket sales [7][8] - Pratt & Whitney's sales reached $7.6 billion, a 12% increase, with a notable 19% rise in commercial aftermarket sales despite a four-week work stoppage [9][10] - Raytheon achieved sales of $7.0 billion, an 8% increase, driven by higher volumes in land and air defense systems [11][12] Operational Highlights - The company returned $0.9 billion to shareholders and raised its quarterly dividend by 8% [6] - RTX's updated outlook for 2025 reflects strong operational performance and incorporates the expected impact of tariffs [1][6] - The company confirmed free cash flow guidance of $7.0 to $7.5 billion for the year [6]