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State: 17.08.2024 | 11PM
Thu, 25.07.2024       Raytheon Technologies

RTX delivers solid operational performance and 8% sales growth; Increases 2024 outlook for adjusted sales* and adjusted EPS*, revises free cash flow*

ARLINGTON, Va., July 25, 2024 /PRNewswire/ -- RTX (NYSE: RTX) reported second quarter 2024 results.

Second quarter 2024

Reported sales of $19.7 billion, up 8 percent versus prior year and up 10 percent on an organic* basisAdjusted sales* of $19.8 billion, up 8 percent versus prior yearGAAP EPS was $0.08 and included $0.29 of acquisition accounting adjustments and $1.04 of other net significant and/or non-recurring items and restructuring, including $0.03 of restructuring and other non-recurring items, a $0.68 charge related to the expected resolution of several legacy legal matters, and a $0.33 charge related to a fixed priced development contract with a foreign customer at RaytheonAdjusted EPS* of $1.41, up 9 percent versus prior yearOperating cash flow of $2.7 billion; Free cash flow* of $2.2 billionCompany backlog of $206 billion; including $129 billion of commercial and $77 billion of defenseRealized $120 million of incremental RTX gross cost synergies

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