About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

COLLINS AEROSPACE PRATT & WHITNEY RAYTHEON 3rd quarter 2024 Earnings conference call October 22, 2024 © 2024 RTX Corporation. All rights reserved. Forward looking statements 2 Note: All results and expectations in the presentation reflect continuing operations unless otherwise noted. This press release contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or written forward-lo ...

Financial Data and Key Metrics Changes - RTX reported adjusted sales of $20.1 billion, up 6% year-over-year and 8% organically, driven by strong demand across various segments [14][17] - Segment operating profit increased to $2.4 billion, reflecting a 16% rise, with segment operating margin expanding by 100 basis points compared to the previous year [14][15] - Free cash flow remained robust at $2 billion, supported by strong collections despite higher inventory levels [15][18] Business Line Data and Key Metrics Changes - Collins generated sales of $7.1 billion, up 6% on both an adjusted and organic basis, with commercial aftermarket sales increasing by 9% [20] - Pratt & Whitney's sales reached $7.2 billion, up 14% on both an adjusted and organic basis, with military engine sales rising by 20% [22][23] - Raytheon reported sales of $6.4 billion, down 1% on an adjusted basis but up 5% organically, driven by higher volume in land and air defense systems [24][25] Market Data and Key Metrics Changes - The backlog for RTX reached a record $221 billion, with a book-to-bill ratio of 1.8, indicating strong future demand [5] - Raytheon's backlog is now 44% international, reflecting a significant increase from the previous year [25] Company Strategy and Development Direction - RTX is focused on executing strategic priorities to drive top-line growth, margin expansion, and strong cash flow generation [7][12] - The company is investing in automation and advanced manufacturing technologies to enhance productivity and throughput [10][12] - RTX is also pursuing next-generation technologies, such as hybrid electric propulsion systems, to meet long-term customer needs [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the business and underlying fundamentals, anticipating continued organic sales growth and margin expansion [19][26] - The company is actively addressing supply chain and inflation challenges through various mitigation strategies [19] - RTX raised its full-year adjusted sales outlook to between $79.25 billion and $79.75 billion, reflecting strong performance across all business segments [17] Other Important Information - RTX completed an accelerated share repurchase program, returning $10.3 billion to shareholders, with a total of over $32 billion returned since the merger [4][5] - The company expects to achieve approximately $4.7 billion in free cash flow for the year, with a focus on improving working capital efficiency [18][44] Q&A Session Summary Question: How does RTX manage the competing demands of the spares pool versus the Airbus line? - Management indicated that they are ramping deliveries of both original equipment (OE) and spares, with a focus on balancing production to support customer needs [27][28] Question: What is the expected acceleration for Raytheon's organic growth into 2025 and beyond? - Management highlighted strong demand and a significant backlog, but noted that it will take time to work through the existing backlog before seeing substantial growth [31][32] Question: Can you provide context on productivity improvements relative to pre-pandemic levels? - Management stated that productivity is improving, particularly at Raytheon, with expectations for continued enhancements driven by supply chain health and automation initiatives [35][36] Question: What are the expectations for Collins' OE and aftermarket performance? - Management acknowledged challenges in OE due to narrow-body volume declines but expressed confidence in continued strength in the aftermarket driven by older platforms still in operation [39][41] Question: How does RTX view competition from new defense tech companies? - Management sees both competition and partnership opportunities with new entrants in the defense tech space, emphasizing the importance of innovation and R&D investment [47][48]

For the quarter ended September 2024, RTX (RTX) reported revenue of $20.09 billion, up 6% over the same period last year. EPS came in at $1.45, compared to $1.25 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $19.91 billion, representing a surprise of +0.88%. The company delivered an EPS surprise of +9.02%, with the consensus EPS estimate being $1.33.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

RTX Corporation’s (RTX) third-quarter 2024 adjusted earnings per share (EPS) of $1.45 beat the Zacks Consensus Estimate of $1.33 by 9%. The bottom line also improved 16% from the year-ago quarter’s level of $1.25, driven by growth in adjusted segment operating profit and a lower effective tax rate.Including one-time items, the company reported GAAP earnings of $1.09 per share, marking an improvement from a loss of 68 cents in the prior-year quarter. The improvement can be attributed to higher sales, along w ...

RTX (RTX) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.02%. A quarter ago, it was expected that this an aerospace and defense company would post earnings of $1.29 per share when it actually produced earnings of $1.41, delivering a surprise of 9.30%.Over the last four quarters, th ...

Exhibit 99 1 . Media Contact 202.384.2474 Investor Contact 781.522.5123 RTX delivers strong operational performance; Increases 2024 outlook for adjusted sales* and adjusted EPS* ARLINGTON, Va., October 22, 2024 – RTX (NYSE: RTX) reported third quarter 2024 results. Third quarter 2024 • Reported sales of $20.1 billion • Adjusted sales* of $20.1 billion, up 6 percent versus prior year, and up 8 percent organically* excluding the divestiture of the Cybersecurity, Intelligence and Services business • GAAP EPS w ...

RTX delivers strong operational performance;Increases 2024 outlook for adjusted sales* and adjusted EPS*ARLINGTON, Va., Oct. 22, 2024 /PRNewswire/ -- RTX (NYSE: RTX) reported third quarter 2024 results.Third quarter 2024Reported sales of $20.1 billionAdjusted sales* of $20.1 billion, up 6 percent versus prior year, and up 8 percent organically* excluding the divestiture of the Cybersecurity, Intelligence and Services businessGAAP EPS was $1.09 and included $0.31 of acquisition accounting adjustments and $0. ...

A new user interface and 4K smart monitors improve system performance, simplify operations and enhance inflight entertainmentLAS VEGAS, Oct. 21, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, announced the first deliveries of its new Venue™ cabin management system (CMS). The upgraded Venue is equipped with Collins' all new smart monitors and upgraded graphical user interface (GUI), enhancing entertainment, usability and simplicity for operators and passengers, alike.With more than 1,70 ...

RTX Corp. (RTX) is slated to release third-quarter 2024 results on Oct. 22, before the opening bell. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The Zacks Consensus Estimate for revenues is pegged at $19.91 billion, implying 5.1% growth from the yearago quarter's reported figure. The consensus mark for third-quarter earnings is pegged at $1.33 per share, suggesting a 6.4% rise from $1.25 reported in the prior-year quarter. The bottom-line estimate has remained unchanged in the pa ...