Raytheon Q2 2020 Earnings Report
Key Takeaways
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.
Sales of $14.1 billion; adjusted sales of $14.3 billion.
GAAP EPS from continuing operations of a loss of $2.56, including $2.96 of net significant charges.
Adjusted EPS of $0.40.
Operating cash flow from continuing operations of $210 million; free cash flow outflow of $248 million.
Raytheon
Raytheon
Raytheon Revenue by Segment
Forward Guidance
Pressures in commercial aerospace are expected to persist with low OEM production levels and aftermarket activity. Taking actions to strengthen the business, including achieving cost and cash savings. Balance sheet remains strong and the defense business will help weather the storm.
Revenue & Expenses
Visualization of income flow from segment revenue to net income