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Mar 31, 2021
Raytheon Q1 2021 Earnings Report
Raytheon Technologies reported strong first quarter results, exceeding expectations for sales, adjusted EPS, and free cash flow. The company raised the low end of its full year sales and adjusted EPS outlook and increased its share repurchase plan.
Key Takeaways
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.
Sales of $15.3 billion.
GAAP EPS from continuing operations of $0.51, which included $0.39 of net significant and/or non-recurring charges and acquisition accounting adjustments
Adjusted EPS of $0.90.
Free cash flow of $336 million.
Revenue by Segment
Forward Guidance
Raytheon Technologies updates its 2021 outlook and now anticipates the following:
Positive Outlook
- Sales of $63.9 - $65.4 billion, up from $63.4 - $65.4 billion
- Adjusted EPS of $3.50 - $3.70, up from $3.40 - $3.70
- Share repurchases of at least $2 billion, up from $1.5 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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