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Sep 30, 2020

Raytheon Q3 2020 Earnings Report

Raytheon Technologies reported third quarter results, demonstrating progress in cost reduction and cash conservation.

Key Takeaways

Raytheon Technologies reported Q3 sales of $14.7 billion and adjusted sales of $15.0 billion. GAAP EPS from continuing operations was $0.10, including $0.48 of net charges. Adjusted EPS was $0.58. The company recorded net income from continuing operations of $151 million, and adjusted net income was $872 million. Operating cash flow was $1.6 billion, and free cash flow was $1.2 billion.

Sales of $14.7 billion; Adjusted sales of $15.0 billion

Adjusted EPS of $0.58

Operating cash flow from continuing operations of $1.6 billion

Free cash flow of $1.2 billion

Total Revenue
$14.7B
Previous year: $11.4B
+29.7%
EPS
$0.58
Previous year: $1.34
-56.7%
Gross Profit
$1.74B
Previous year: $5.29B
-67.0%
Cash and Equivalents
$10B
Previous year: $4.98B
+100.7%
Free Cash Flow
$1.23B
Total Assets
$162B
Previous year: $139B
+16.8%

Raytheon

Raytheon

Raytheon Revenue by Segment

Forward Guidance

Raytheon Technologies did not provide forward guidance in this earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income