Raytheon Technologies Corporation

NYSE:RTX   3:59:57 PM EDT
85.95
+2.17 (+2.59%)
4:00:00 PM EDT: $85.85 -0.10 (-0.12%)
Positive Earnings Pre-Announcement

Raytheon Technologies Reports First Quarter 2021 Results Sales, Adjusted EPS And Free Cash Flow Exceeded Expectations

Published: 04/27/2021 12:03 GMT
Raytheon Technologies Corporation (RTX) - Raytheon Technologies Reports First Quarter 2021 Results; Sales, Adjusted EPS and Free Cash Flow Exceeded Expectations.
Q1 Adjusted Earnings per Share $0.90.
Q1 GAAP Earnings per Share $0.51 From Continuing Operations.
Q1 Sales $15.3 Billion.
Raises Low End of Full Year Sales and Adjusted EPS Outlook.
Increases Share Repurchase Plan to at Least $2 Billion of Shares in 2021.
Increases Gross Merger Synergies to $1.3 Billion.
Achieved Approximately $200 Million of Rtx Synergies in Q1.
Q1 Earnings per Share View $0.88, Revenue View $15.36 Billion -- Refinitiv Ibes Data (analyst estimates).
Confirms 2021 Free Cash Flow Outlook of Approximately $4.5 Billion.
Sees FY Adjusted EPS of $3.50 - $3.70.
Sees 2021 Sales of $63.9 - $65.4 Billion, Up From $63.4 - $65.4 Billion.
Backlog at End of Q1 Was $147.4 Billion.
$1.4 Billion of Classified Bookings at Raytheon Intelligence & Space in Q1.
Sees Q2 Sales of $15.5 Billion - $16.0 Billion.
Sees Q2 Adjusted EPS of $0.90 - $0.95.
Q2 Earnings per Share View $0.85, Revenue View $15.73 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2021 Earnings per Share View $3.76, Revenue View $65.41 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $15.83 Billion
Adjusted EPS is expected to be $0.91

Next Quarter Revenue Guidance is expected to be $16.43 Billion
Next Quarter EPS Guidance is expected to be $0.96

More details on our Analysts Page.