Raytheon Q2 2024 Earnings Report
Key Takeaways
RTX reported Q2 2024 results with an 8% increase in reported sales to $19.7 billion and a 9% increase in adjusted EPS to $1.41. The company has increased its outlook for adjusted sales and adjusted EPS for the full year.
Reported sales of $19.7 billion, up 8 percent versus prior year and up 10 percent on an organic basis.
Adjusted EPS of $1.41, up 9 percent versus prior year.
Operating cash flow of $2.7 billion; Free cash flow of $2.2 billion.
Company backlog of $206 billion; including $129 billion of commercial and $77 billion of defense.
Raytheon
Raytheon
Raytheon Revenue by Segment
Forward Guidance
RTX updates outlook for full year 2024 with adjusted sales of $78.75 - $79.5 billion, up from $78.0 - $79.0 billion; adjusted EPS of $5.35 - $5.45, up from $5.25 - $5.40; and free cash flow of approximately $4.7 billion, down from approximately $5.7 billion.
Positive Outlook
- Adjusted sales* of $78.75 - $79.5 billion, up from $78.0 - $79.0 billion
- Adjusted EPS* of $5.35 - $5.45, up from $5.25 - $5.40
Challenges Ahead
- Free cash flow* of approximately $4.7 billion, down from approximately $5.7 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income