Raytheon Earnings Reports

RTX posted solid Q3 2025 results, achieving double-digit revenue and EPS growth, driven by robust demand across Collins Aerospace, Pratt & Whitney, and Raytheon. The company also raised its full-year outlook for adjusted EPS and sales.

RTX delivered $21.6B in revenue, driven by commercial aftermarket and defense demand, with $1.7B in net income and a $236B backlog.

RTX delivered a solid first quarter with adjusted EPS up 10%, strong free cash flow of $792 million, and revenue growth across Collins Aerospace and Pratt & Whitney segments. Raytheon saw a decline in reported sales due to a prior year divestiture.

RTX reported strong Q4 2024 results, with sales up 9% to $21.6 billion and adjusted EPS up 19% to $1.54. The company's backlog remains strong at $218 billion, and RTX anticipates continued sales, earnings, and cash flow growth in 2025.

RTX reported strong Q3 2024 results, with adjusted sales up 6% year-over-year and adjusted EPS up 16%. The company raised its full-year outlook for adjusted sales and adjusted EPS, driven by robust demand across its portfolio, particularly in commercial aftermarket and defense. RTX also highlighted its record $221 billion backlog, emphasizing its focus on strategic priorities to drive performance and create shareholder value.

RTX reported Q2 2024 results with an 8% increase in reported sales to $19.7 billion and a 9% increase in adjusted EPS to $1.41. The company has increased its outlook for adjusted sales and adjusted EPS for the full year.

RTX reported a strong first quarter with a 12% increase in sales and a record backlog of $202 billion. The company reaffirms its full year outlook.

RTX reported a solid fourth quarter with a 10% increase in sales, reaching $19.9 billion. GAAP EPS was $1.05, and adjusted EPS was $1.29, up 2% year-over-year. The company's free cash flow was $3.9 billion, and it ended the year with a record backlog of $196 billion.

RTX reported a decrease in sales due to the Pratt & Whitney powder metal issue, but adjusted sales increased. The company is proceeding with a $10 billion accelerated share repurchase program and increasing its capital return commitment through 2025.

RTX reported a 12 percent increase in sales to $18.3 billion in Q2 2023. Adjusted EPS increased by 11 percent to $1.29. The company has updated its full-year sales outlook upward while tightening its adjusted EPS outlook, but has lowered its free cash flow outlook due to issues with Pratt & Whitney engines.

Raytheon Technologies reported a strong first quarter with a 10% increase in sales, driven by continued global airline travel and defense systems demand. The company's backlog reached a record $180 billion, and adjusted EPS increased by 6% compared to the prior year.

Raytheon Technologies reported Q4 2022 sales of $18.1 billion, a 6% increase year-over-year, with GAAP EPS of $0.96 and adjusted EPS of $1.27. The company's backlog reached $175 billion. For 2023, the company anticipates sales between $72.0 and $73.0 billion, adjusted EPS between $4.90 and $5.05, and free cash flow of approximately $4.8 billion.

Raytheon Technologies reported Q3 2022 results with sales of $17.0 billion, up 5% year-over-year, including 6% organic growth. GAAP EPS was $0.94, up 1%, while adjusted EPS was $1.21, down 4%. The company's backlog grew to $168 billion. They are also updating their full year sales and EPS guidance.

Raytheon Technologies reported a 3% increase in sales to $16.3 billion, with a GAAP EPS of $0.88, up 28% and adjusted EPS of $1.16, up 13% versus prior year. The company confirms sales of $67.75 - $68.75 billion and adjusted EPS to $4.60 - $4.80 and free cash flow of approximately $6.0 billion for full year 2022.

Raytheon Technologies reported a 3% increase in sales to $15.7 billion, with a 4% organic growth. GAAP EPS from continuing operations increased by 45% to $0.74, and adjusted EPS rose by 28% to $1.15. The company's free cash flow was $37 million, and they repurchased $743 million of RTX shares.

Raytheon Technologies reported Q4 2021 sales of $17.0 billion with a GAAP EPS of $0.46 and adjusted EPS of $1.08. The company's operating cash flow was $3.2 billion and free cash flow was $2.2 billion. The company's backlog reached $156 billion.

Raytheon Technologies reported strong Q3 2021 results, with sales of $16.2 billion and adjusted EPS of $1.26. The company raised its full-year 2021 adjusted EPS outlook, driven by increased demand across commercial aerospace and defense businesses, cost reduction, and operational execution.

Raytheon Technologies reported a strong second quarter, driven by growth in defense businesses and recovery in commercial aerospace. The company raised its adjusted EPS and free cash flow outlook for 2021 and increased its merger-related gross cost synergy target.

Raytheon Technologies reported first quarter sales of $15.3 billion and adjusted EPS of $0.90, exceeding initial expectations. The company increased its full year sales and adjusted EPS outlook and raised its share repurchase plan to at least $2 billion.

Raytheon Technologies reported Q4 2020 sales of $16.4 billion and adjusted sales of $16.6 billion. GAAP EPS from continuing operations was $0.10, including $0.64 of net charges. Adjusted EPS was $0.74. The company recorded net income of $146 million, including $976 million of net charges. Operating cash flow was $1.4 billion, and free cash flow was $747 million.

Raytheon Technologies reported Q3 sales of $14.7 billion and adjusted sales of $15.0 billion. GAAP EPS from continuing operations was $0.10, including $0.48 of net charges. Adjusted EPS was $0.58. The company recorded net income from continuing operations of $151 million, and adjusted net income was $872 million. Operating cash flow was $1.6 billion, and free cash flow was $1.2 billion.

Raytheon Technologies reported Q2 sales of $14.1 billion and adjusted sales of $14.3 billion. GAAP EPS was a loss of $2.56, including $2.96 of net charges. Adjusted EPS was $0.40. The company recorded a net loss of $3.8 billion, including $4.4 billion of net charges. Operating cash flow was $210 million, and free cash flow was an outflow of $248 million. Achieved ~$600 million of cost reduction and ~$1 billion of cash conservation actions.

Raytheon Technologies reported first-quarter net sales of $18.2 billion, a 1% decrease year-over-year, including flat organic sales. GAAP EPS was a loss of $0.10, while adjusted EPS was $1.78, down 7% year-over-year. The company completed the spin-offs of Otis and Carrier and the merger with Raytheon Company during the quarter.

United Technologies reported Q4 2019 results with sales of $19.6 billion, up 8% versus prior year, and adjusted EPS of $1.94. Full year sales were $77.0 billion, up 16% versus prior year, and adjusted EPS of $8.26.