Revenue segments as reported by the company.

Collins Aerospace Systems

Pratt & Whitney

Raytheon Intelligence & Space

Raytheon Missiles & Defense

Eliminations and other

Raytheon

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Raytheon Technologies

Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense. The Collins Aerospace Systems segment manufactures and sells aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes the design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The Raytheon Intelligence and Space segment is involved in the development of sensors, training, and cyber and software solutions. The Raytheon Missiles and Defense segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 1922 and is headquartered in Arlington, VA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Raytheon Technologies (RTX) posts robust Q4 results amidst supply chain challenges

Raytheon Technologies (RTX) delivered solid financial results in Q4 2022, highlighted by strong sales, bookings, and backlog growth. The company faces challenges in supply chain, labor, and inflation but is proactively addressing these issues. With a focus on innovation and customer alignment, RTX is poised for growth and profitability in 2023.

Raytheon Technologies (RTX) posts strong Q1 results and navigates challenges

Raytheon Technologies (RTX) reported a strong Q1 performance with robust financial results and a record backlog of $180 billion. The company faces challenges with negative engine margin headwinds and working capital impacts but sees opportunities in defense budget support and business realignment. Overall, RTX remains well-positioned for growth and performance.

Raytheon Technologies (RTX) excels in Q2 2023 despite Pratt issue

Raytheon Technologies (RTX) reported a strong Q2 2023 performance with record new orders and backlog, despite challenges from Pratt & Whitney's engine issue. The company's strategic decisions, positive outlook for defense margins, and focus on efficiency improvements position it well for long-term success.

Raytheon Technologies (RTX) reports robust Q3 performance amidst defense opportunities

Raytheon Technologies (RTX) delivered strong financial results in Q3, driven by defense sales and operational improvements. The company is navigating challenges related to the powder metal matter and fleet inspections while capitalizing on growth opportunities in defense spending. RTX's strategic focus on efficiency, innovation, and shareholder returns positions it well for future success.

Raytheon Technologies (RTX) posts record sales and backlog in Q4 2023

Raytheon Technologies (RTX) is poised for growth in 2024, driven by strong demand for its products and strategic initiatives to improve profitability. While facing challenges in certain segments, the company remains committed to enhancing operational efficiency and delivering value to shareholders.

Raytheon Technologies reports robust Q1 performance and strategic growth outlook

Raytheon Technologies (RTX) showcased a strong Q1 performance with sales and profit growth across segments, underlining operational efficiency and financial strength. The company faces challenges in supply chain dynamics and fixed price programs but is leveraging strengths in technology investments and operational excellence for future growth. Opportunities in advanced capabilities, international orders, and strategic shifts position Raytheon well for continued success.

Raytheon Technologies (RTX) posts strong Q2 earnings and outlines growth strategies

Raytheon Technologies (RTX) reported strong Q2 2024 earnings, with solid performance across segments and raised outlook for the year. Strategic priorities focus on meeting customer demand, sales growth, margin expansion, and cash flow generation. Future engine developments and profit alignment offer growth opportunities.

Raytheon Technologies (RTX) excels in Q3, eyes innovation for growth

Raytheon Technologies (RTX) reported a strong performance in Q3 2024, with notable achievements in sales growth, margin expansion, and cash flow generation. The company's strategic priorities include focusing on core initiatives, innovation, and supply chain efficiencies to drive continued growth and profitability.

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RTX Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems (Collins), Pratt and Whitney, Raytheon Intelligence and Space (RIS), and Raytheon Missiles and Defense (RMD). The Collins segment manufactures and sells aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes the design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The RIS segment is involved in the development of sensors, training, and cyber and software solutions. The RMD segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 1922 and is headquartered in Arlington, VA.

RTX suffered a big PR blow last year when it admitted to manufacturing defects in one of its most popular airplane engines. Nine months later, Wells Fargo's Matthew Akers says airplane groundings to fix the problem have peaked.

1 Wall Street Analyst Says RTX Stock Has 18% Upside

Spanish partner to contribute to European GEM-T missile development and production TUCSON, Ariz. , April 29, 2024 /PRNewswire/ -- Raytheon, an RTX business (NYSE: RTX), has awarded Spanish supplier, Sener, a contract to develop and produce the electro-mechanical control section of the Patriot® GEM-T missile.

RTX's Raytheon awards contract to Spain's Sener for missile production support

RTX beat Q1 estimates on top and bottom line, growing sales by 12% YoY to $19.3B with consolidated operating margins expanding 20bps to 11.5%. As aftermarket begins to normalize, I see an emerging shift towards the OE market, with quarterly sales surging 33% vs Q1 23 (+63% for Pratt & Whitney OE sales). YoY Backlog growth increased slightly vs Q4 23 at 12.2% for a record $202B, flat defense more than offset by strong growth in commercial backlog (+$7B vs Q4 23).

RTX: Surging OE Offsets Continuing Aftermarket Normalization

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There's a general understanding among most financial analysts that defense companies provide significant portfolio stability during recessions. Indeed, these companies, especially defense companies with no commercial exposure, dip directly into the coffers of their countries' governments.

3 Overvalued Defense Stocks to Sell Before the 2024 Election

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RTX Corporation exceeded both earnings and revenue estimates for Q1 2024. Record backlog of $202 billion showcases solid future growth prospects.

RTX Beats Q1 2024 Earnings and Revenue Forecasts

Company sees top rankings from multiple organizations globally ARLINGTON, Va., April 25, 2024 /PRNewswire/ -- RTX (NYSE: RTX) received recognition from three separate organizations for innovation in patented technology.

RTX recognized for industry leading innovation in patented technology

Updates will allow for continued, rapid deliveries of Standard Missile variants to the U.S. and international fleets TUCSON, Ariz. , April 25, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, has been awarded a $344 million contract for the development of two missile variants – the SM-2 Block IIICU and SM-6 Block IU – which will be based on a common guidance section, where the electronics and software that guide a missile to its target are housed.

RTX awarded $344 million contract to modernize electronics unit for missile development program

Lockheed Martin Corp and RTX Corp , fresh off a surge of orders in response to Russian aggression against Ukraine and the war in Gaza, stand to profit from $95 billion of mostly new weapons funding as the increasingly drawn out conflicts renew demand for pricey equipment.

Ukraine, Israel bill to bolster Lockheed, RTX profits

RTX Corporation (formerly Raytheon Technologies) beat expectations in Q1, with sales up 12% and adjusted earnings up 10%. Collins Aerospace saw 9% revenue growth, driven by commercial aftermarket and OEM sales. Pratt & Whitney faced challenges with higher expenses, but sales grew 23%.

RTX Stock Price Has More Upside On Big Profit Boost Despite GTF Engine Crisis

Investors are keenly watching for an update on an engine inspection issue RTX is managing. Defense contractors continue to face margin pressures, and investors will want to see improvement on the issue.

1 Wall Street Analyst Thinks RTX Stock Is Going to $96. Is It a Sell?

Expansion will support key missile programs including Glide Phase Interceptor HUNTSVILLE, Ala. , April 23, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, recently broke ground on a $115 million, 26,000 square-foot expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory's space for integrating and delivering on critical defense programs by more than 50 percent.

RTX breaks ground on $115 million expansion of Alabama missile integration facility

RTX Corp. (formerly Raytheon Technologies) has seen a big increase in its stock price and has become a core holding in family portfolios. The company reported strong quarterly earnings, with organic sales growth of 12% and a record backlog of more than $200 billion. RTX benefits from government contracts and is investing in R&D to stay competitive, with a focus on next-generation technologies and products.

Even With Big Gains, I'm Still Convinced RTX Is One Of The Best Dividend Stocks On The Market

RTX Corporation (NYSE:RTX ) Q1 2024 Earnings Call Transcript April 23, 2024 8:30 AM ET Company Participants Greg Hayes - Chairman and CEO Chris Calio - President and COO Neil Mitchill - CFO Jennifer Reed - VP of IR Conference Call Participants Myles Walton - Wolfe Research Kristine Liwag - Morgan Stanley Seth Seifman - JPMorgan Ron Epstein - Bank of America Cai Von Rumohr - TD Cowen Sheila Kahyaoglu - Jefferies Doug Harned - Bernstein David Strauss - Barclays Rob Stallard - Vertical Research Noah Poponak - Goldman Sachs Peter Arment - Baird Matt Akers - Wells Fargo Jason Gursky - Citigroup Gavin Parson - UBS Operator Good day, ladies and gentlemen, and welcome to the RTX First Quarter 2024 Earnings Conference Call. My name is Latif, and I will be your operator for today.

RTX Corporation (RTX) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for RTX (RTX) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

RTX (RTX) Reports Q1 Earnings: What Key Metrics Have to Say

RTX's first-quarter net sales of $19,305 million surpass the Zacks Consensus Estimate by 4.8%. The top line also rises 12% year over year.

RTX Q1 Earnings Surpass Estimates by 9%, Sales Increase Y/Y

RTX (RTX) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.22 per share a year ago.

RTX (RTX) Beats Q1 Earnings and Revenue Estimates

RTX Corp (NYSE: RTX) is trading down in premarket on Tuesday even though it came in ahead of Street estimates for its first financial quarter.  Why is RTX stock down on Tuesday?

RTX Q1 earnings beat Street estimates

Aerospace and defense major RTX on Tuesday reported a 20% jump in its first-quarter profit, helped by robust commercial aftermarket business and military equipment demand.

RTX profit jumps 20% on aviation strength, military demand

RTX delivers strong 12% sales growth; Q1 book-to-bill of 1.34 with an RTX record backlog of $202B; Reaffirms full year outlook   ARLINGTON, Va. , April 23, 2024 /PRNewswire/ -- RTX (NYSE: RTX) reported first quarter 2024 results.

RTX Reports Q1 2024 Results

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Agreement with ENGIE will power 12 RTX sites in Texas ARLINGTON, Va. , April 18, 2024 /PRNewswire/ -- RTX (NYSE: RTX) announced an agreement with a subsidiary of ENGIE North America (ENGIE) that will provide 100% renewable electricity to 12 of the company's Texas facilities.

RTX signs its largest renewable electricity deal to date

RTX's Q1 results are likely to benefit from improving commercial air traffic and solid F135 sustainment volume. Higher interest expenses might have negatively impacted its overall earnings.

Will Solid Sales Performance Bolster RTX in Q1 Earnings?

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News for Raytheon Technologies Stock (RTX)