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Dec 31, 2022
Raytheon Q4 2022 Earnings Report
Raytheon Technologies reported solid full-year results with strong free cash flow that exceeded expectations, announced 2023 outlook and plan to realign into three business segments.
Key Takeaways
Raytheon Technologies reported Q4 2022 sales of $18.1 billion, a 6% increase year-over-year, with GAAP EPS of $0.96 and adjusted EPS of $1.27. The company's backlog reached $175 billion. For 2023, the company anticipates sales between $72.0 and $73.0 billion, adjusted EPS between $4.90 and $5.05, and free cash flow of approximately $4.8 billion.
Q4 2022 sales increased by 6% to $18.1 billion.
GAAP EPS from continuing operations was $0.96, including $0.31 of acquisition accounting adjustments and net significant charges.
Adjusted EPS was $1.27, up 18% year-over-year.
Free cash flow was $3.8 billion.
Raytheon
Raytheon
Raytheon Revenue by Segment
Revenue by Segment
Collins Aerospace Revenue
CapyFin.comPratt & Whitney Revenue
CapyFin.comRaytheon Revenue
CapyFin.com Forward Guidance
Raytheon Technologies expects continued sales and earnings growth in 2023.
Positive Outlook
- Sales of $72.0 - $73.0 billion
- Adjusted EPS of $4.90 - $5.05
- Free cash flow of approximately $4.8 billion
- Share repurchase of $3.0 billion of RTX shares
- Portfolio is well positioned to capture growing demand and we expect to deliver sales growth and margin expansion, along with strong free cash flow generation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income