Raytheon Q3 2021 Earnings Report
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
Raytheon
Raytheon
Raytheon 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