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Sep 30, 2021
Raytheon Q3 2021 Earnings Report
Raytheon Technologies reported Q3 2021 results, exceeding expectations on adjusted EPS and repurchasing $1.0 billion of shares.
Key Takeaways
Raytheon Technologies reported strong Q3 2021 results, with sales of $16.2 billion and adjusted EPS of $1.26. The company raised its full-year 2021 adjusted EPS outlook, driven by increased demand across commercial aerospace and defense businesses, cost reduction, and operational execution.
Sales of $16.2 billion.
GAAP EPS from continuing operations of $0.93, included $0.33 of acquisition accounting adjustments and net significant and/or non-recurring charges
Adjusted EPS of $1.26.
Company backlog of $156.1 billion; including defense backlog of $65.0 billion
Revenue by Segment
Forward Guidance
Raytheon Technologies updated its 2021 outlook with sales of ~$64.5 billion, adjusted EPS of $4.10 - $4.20, and free cash flow of ~$5.0 billion.
Positive Outlook
- Sales of ~$64.5 billion, from $64.4 - $65.4 billion
- Adjusted EPS of $4.10 - $4.20, from $3.85 - $4.00
- Free cash flow of ~$5.0 billion, from $4.5 - $5.0 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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