Raytheon Q4 2020 Earnings Report
Key Takeaways
Raytheon Technologies reported Q4 2020 sales of $16.4 billion and adjusted sales of $16.6 billion. GAAP EPS from continuing operations was $0.10, including $0.64 of net charges. Adjusted EPS was $0.74. The company recorded net income of $146 million, including $976 million of net charges. Operating cash flow was $1.4 billion, and free cash flow was $747 million.
Sales of $16.4 billion; Adjusted sales of $16.6 billion
GAAP EPS from continuing operations of $0.10, which included $0.64 of net significant and/or non-recurring charges and acquisition accounting adjustments
Adjusted EPS of $0.74
Operating cash flow from continuing operations of $1.4 billion; Free cash flow of $747 million
Raytheon
Raytheon
Raytheon Revenue by Segment
Forward Guidance
Raytheon Technologies provided its outlook for the full year 2021.
Positive Outlook
- Sales of $63.4 - $65.4 billion
- Adjusted EPS of $3.40 - $3.70
- Free cash flow of approximately $4.5 billion
- Authorized a $5 billion share repurchase program in December
- Plan to repurchase at least $1.5 billion of shares in 2021
Revenue & Expenses
Visualization of income flow from segment revenue to net income