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Jun 30, 2022
Raytheon Q2 2022 Earnings Report
Commercial Aerospace continued to drive sales and EPS growth, defense book-to-bill of 1.35.
Key Takeaways
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.
Sales of $16.3 billion, up 3 percent versus prior year including 4 percent organic growth
GAAP EPS from continuing operations of $0.88, up 28 percent versus prior year
Adjusted EPS of $1.16, up 13 percent versus prior year
Defense book-to-bill of 1.35
Revenue by Segment
Forward Guidance
Raytheon Technologies confirms sales, adjusted EPS, and free cash flow outlook for full year 2022.
Positive Outlook
- Confirms sales of $67.75 - $68.75 billion
- Confirms adjusted EPS to $4.60 - $4.80
- Confirms free cash flow of approximately $6.0 billion
- Assumes the legislation requiring R&D capitalization for tax purposes is deferred beyond 2022
- Confirms share repurchase of at least $2.5 billion of RTX shares
Challenges Ahead
- Expect the global supply chain environment will remain challenging near term
- Expect labor availability will remain challenging near term
- Expect inflation will remain challenging near term
- Actively engaged with our customers and suppliers to meet demand
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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