| RTX (NYSE: RTX) reports fourth quarter 2024 results and announces 2025 outlook. |
| Fourth quarter 2024 |
- Sales of $21.6 billion, up 9 per cent versus the prior year and up 11 per cent organically* excluding divestitures
|
- GAAP EPS was $1.10 and included $0.30 of acquisition accounting adjustments and $0.14 of restructuring and other net significant and/or non-recurring charges
|
- Adjusted EPS* of $1.54, up 19 per cent versus the prior year
|
- Operating cash flow of $1.6 billion; free cash flow* of $0.5 billion
|
- Company backlog of $218 billion, including $125 billion of commercial and $93 billion of defense
|
- Returned $852 million of capital to shareowners
|
| Full-year 2024 |
- Reported sales of $80.7 billion
|
- Adjusted sales* of $80.8 billion, up 9 per cent versus the prior year and up 11 per cent organically* excluding divestitures
|
- GAAP EPS was $3.55 and included $1.20 of acquisition accounting adjustments and $0.98 of restructuring and other net significant and/or non-recurring charges
|
- Adjusted EPS* of $5.73, up 13 per cent versus prior year
|
- Operating cash flow of $7.2 billion; free cash flow* of $4.5 billion
|
- Returned $3.7 billion of capital to shareowners, returning over $33 billion since the merger
|
| Outlook for full year 2025 |
- Adjusted sales* of $83.0 - $84.0 billion, including 4 to 6 per cent organic growth*
|
- Adjusted EPS* of $6.00 - $6.15
|
- Free cash flow* of $7.0 - $7.5 billion
|
| "RTX delivered a very strong year of performance in 2024 with 11 per cent organic sales growth* and 13 per cent adjusted EPS growth*, including segment margin expansion* in all three businesses," said RTX President and CEO Chris Calio. |
| "We have strong momentum heading into 2025 with a $218 billion backlog and unprecedented demand for our products and solutions. We remain focused on advancing our strategic priorities of executing on our commitments, innovating for growth and harnessing the breadth and scale of RTX, giving us confidence in our 2025 financial outlook." |
| Fourth quarter 2024
|
| RTX reported fourth-quarter sales of $21.6 billion, up 9 per cent over the prior year. GAAP EPS of $1.10 included $0.30 of acquisition accounting adjustments, $0.05 of restructuring, and $0.09 of other net significant and/or non-recurring charges. Adjusted EPS* of $1.54 was up 19per centt versus the prior year. |
| The company reported net income attributable to common shareowners in the fourth quarter of $1.5 billion, which included $408 million of acquisition accounting adjustments, $61 million of restructuring, and $120 million of other net significant and/or non-recurring charges. Adjusted net income* of $2.1 billion was up 18 per cent versus the prior year, driven by growth in adjusted segment operating profit*, partially offset by higher taxes and lower pension income. Operating cash flow in the fourth quarter was $1.6 billion. Capital expenditures were $1.1 billion, resulting in free cash flow* of $0.5 billion. |
| For the full document,t click the link below: |
| RTX |
| Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies. |
