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Mar 31, 2020
Raytheon Q1 2020 Earnings Report
Raytheon Technologies' first quarter results were reported, showing a slight decrease in net sales and adjusted EPS, while completing the spin-offs of Otis and Carrier and merging with Raytheon Company.
Key Takeaways
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.
Net sales decreased by 1% to $18.2 billion, including flat organic sales.
GAAP EPS was a loss of $0.10, including $1.66 of charges related to Otis and Carrier portfolio separation activities.
Adjusted EPS was $1.78, down 7% versus prior year.
Free cash flow was $249 million, including approximately $700 million of one-time cash separation payments.
Revenue by Segment
Forward Guidance
Given the ongoing uncertainty regarding the scope, severity and duration of the COVID-19 pandemic, RTC is not providing an outlook at this time and will revisit providing a 2020 outlook at our next earnings release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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