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Jun 30, 2024
Raytheon Q2 2024 Earnings Report
RTX delivered solid operational performance and sales growth, increased adjusted sales and EPS outlook, and revised free cash flow.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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