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Jun 30, 2023
Raytheon Q2 2023 Earnings Report
RTX's Q2 2023 results were reported, with sales up 12 percent due to growth across all segments.
Key Takeaways
RTX reported a 12 percent increase in sales to $18.3 billion in Q2 2023. Adjusted EPS increased by 11 percent to $1.29. The company has updated its full-year sales outlook upward while tightening its adjusted EPS outlook, but has lowered its free cash flow outlook due to issues with Pratt & Whitney engines.
Sales of $18.3 billion, up 12 percent versus prior year including 13 percent organic growth.
GAAP EPS from continuing operations of $0.90, up 2 percent versus prior year.
Adjusted EPS of $1.29, up 11 percent versus prior year.
Company backlog of $185 billion; including $73 billion of defense and $112 billion of commercial.
Raytheon
Raytheon
Raytheon Revenue by Segment
Revenue by Segment
Collins Aerospace Revenue
CapyFin.comPratt & Whitney Revenue
CapyFin.comRaytheon Revenue
CapyFin.com Forward Guidance
RTX updates outlook for full year 2023.
Positive Outlook
- Sales of $73.0 - $74.0 billion, up from $72.0 - $73.0 billion
- Adjusted EPS of $4.95 - $5.05, up from $4.90 - $5.05
- Confirms share repurchase of $3.0 billion of RTX shares
Challenges Ahead
- Free cash flow of approximately $4.3 billion, down from approximately $4.8 billion
- Pratt & Whitney to remove certain engines from service for inspection earlier than expected.
Revenue & Expenses
Visualization of income flow from segment revenue to net income