Raytheon Technologies(US:RTX) ZACKS·2025-10-21 14:01Core Insights - RTX Corporation's third-quarter 2025 adjusted earnings per share (EPS) of $1.70 exceeded the Zacks Consensus Estimate of $1.42 by 19.7% and improved 17.2% from the previous year's $1.45 [1] - Total revenues for the third quarter reached $22.48 billion, surpassing the Zacks Consensus Estimate of $21.48 billion by 4.6% and reflecting an 11.9% increase from $20.09 billion in the same quarter of 2024 [2][8] - The company raised its 2025 EPS and sales outlook, projecting adjusted EPS between $6.10-$6.20 and annual revenues of $86.5-$87 billion [10] Financial Performance - RTX's total costs and expenses rose nearly 10% year over year to $20.02 billion, while adjusted operating profit increased to $2.97 billion from $2.48 billion in the prior-year quarter [3] - Net cash flow from operating activities for the first nine months of 2025 was $6.4 billion, up from $5.6 billion a year ago, with free cash flow totaling $4.03 billion compared to $1.97 billion in the previous year [9] Segment Performance - Collins Aerospace reported sales of $7.62 billion, an 8% year-over-year increase, driven by a 16% rise in commercial OE, a 13% increase in commercial aftermarket, and a 6% gain in defense [4] - Pratt & Whitney's sales reached $8.42 billion, reflecting a 16% improvement, supported by a 5% rise in commercial OE, a 23% increase in commercial aftermarket, and a 15% gain in military sales [5] - Raytheon recorded sales of $7.05 billion, up 10% year over year, driven by higher volumes in land and air defense systems and naval programs [6] Financial Position - As of September 30, 2025, RTX had cash and cash equivalents of $5.97 billion, an increase from $5.58 billion as of December 31, 2024, while long-term debt decreased to $38.26 billion from $38.73 billion [7]