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Mar 31, 2022
Raytheon Q1 2022 Earnings Report
Reported strong EPS growth and margin expansion driven by Commercial Aerospace.
Key Takeaways
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.
Sales of $15.7 billion, up 3 percent versus prior year including 4 percent organic growth
GAAP EPS from continuing operations of $0.74, up 45 percent versus prior year
Adjusted EPS of $1.15, up 28 percent versus prior year
Free cash flow of $37 million
Raytheon
Raytheon
Raytheon Revenue by Segment
Revenue by Segment
Collins Aerospace Revenue
CapyFin.comPratt & Whitney Revenue
CapyFin.comRaytheon Revenue
CapyFin.com Forward Guidance
Raytheon Technologies updated its 2022 outlook.
Positive Outlook
- Confirms adjusted EPS of $4.60 - $4.80
- Confirms free cash flow of approximately $6.0 billion
- Confirms share repurchase of at least $2.5 billion of RTX shares
- Sales of $67.75 - $68.75 billion
Challenges Ahead
- Driven by global sanctions on Russia.
- Assumes the legislation requiring R&D capitalization for tax purposes is deferred beyond 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income