Raytheon Q3 2024 Earnings Report
Key Takeaways
RTX reported strong Q3 2024 results, with adjusted sales up 6% year-over-year and adjusted EPS up 16%. The company raised its full-year outlook for adjusted sales and adjusted EPS, driven by robust demand across its portfolio, particularly in commercial aftermarket and defense. RTX also highlighted its record $221 billion backlog, emphasizing its focus on strategic priorities to drive performance and create shareholder value.
Reported sales of $20.1 billion with adjusted sales up 6% versus prior year.
GAAP EPS was $1.09 and adjusted EPS of $1.45, up 16% versus prior year.
Operating cash flow of $2.5 billion and free cash flow of $2.0 billion.
Company backlog of $221 billion, including $131 billion of commercial and $90 billion of defense.
Raytheon
Raytheon
Raytheon Revenue by Segment
Forward Guidance
RTX updated its outlook for full year 2024.
Positive Outlook
- Adjusted sales of $79.25 - $79.75 billion, up from $78.75 - $79.5 billion
- Adjusted EPS of $5.50 - $5.58, up from $5.35 - $5.45
- Demand across portfolio remains robust.
- Focus on executing strategic priorities.
- Drive best-in-class performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income