Aerospace and Defense Giant RTX Raises Outlook, Citing Strong Demand and $289 Billion Backlog
RTX Corp. (NYSE: RTX ) stock rose in premarket trading Thursday after the aerospace and defense company reported second-quarter results that topped Wall Street estimates and raised its full-year financial outlook. The company reported adjusted earnings of $1.89 per share, beating analysts’ estimate of $1.66 per share, according to Pro. Sales increased 14% year over year to $24.71 billion, ahead of estimates of $22.89 billion. Organic sales grew 16%. Earnings And Cash Flow GAAP diluted earnings per share rose 29% to $1.57, while adjusted earnings per share increased 21% to $1.89. Net income climbed 29% to $2.14 billion, while adjusted net income increased 22% to $2.58 billion. Quarterly results included acquisition accounting adjustments that reduced earnings by 27 cents per share, restructuring and other charges of 5 cents per share, and a pretax litigation charge of $69 million...
RTX Corp. (NYSE: RTX ) stock rose in premarket trading Thursday after the aerospace and defense company reported second-quarter results that topped Wall Street estimates and raised its full-year financial outlook. 66 per share, according to Pro. 89 billion.
Organic sales grew 16%. 89. 58 billion. Quarterly results included acquisition accounting adjustments that reduced earnings by 27 cents per share, restructuring and other charges of 5 cents per share, and a pretax litigation charge of $69 million.
88 billion after capital expenditures of $669 million. 31 billion in cash and cash equivalents. 30 billion due within one year. Backlog And Portfolio Total backlog increased 22% from a year earlier to $289 billion, including $170 billion in commercial orders and $119 billion in defense orders.
The company also agreed to sell Raytheon’s Blue Canyon Technologies business for $620 million. 21 billion, up 8% year over year, or 13% organically. Commercial original equipment sales rose 26%, commercial aftermarket sales increased 10% and defense sales grew 7%. 7%.
89 billion, up 16%. Commercial aftermarket sales climbed 25% and military sales rose 23%, partly offset by an 8% decline in commercial original equipment sales. Adjusted operating profit increased 22% to $740 million. 27 billion, up 18%, driven by higher demand for land and air defense systems, naval programs and air and space defense systems, including Patriot, Standard Missile and AMRAAM.
6%. 90 per share. 92 per share. 5 billion.
09 billion. RTX now expects organic sales growth of 8% to 9%, up from its previous forecast of 5% to 6%. 75 billion. 30 during premarket trading on Thursday, according to Pro data.
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