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 synergiesThe information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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