RTX swings to a profit for Q3, raises full-year guidance
RTX Corp (NYSE:RTX, ETR:5UR) reported impressive financial results for the third quarter, with both sales and profit exceeding expectations. The aerospace and defense company, parent of engine maker Pratt & Whitney, posted sales of $20.1 billion, ahead of estimates of $19.1 billion.
RTX Corporation (RTX) Q3 2024 Earnings Call Transcript
RTX Corporation (NYSE:RTX ) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants Christopher Calio - President & CEO Neil Mitchill - CFO Nathan Ware – VP, IR Conference Call Participants Robert Stallard - Vertical Research Myles Walton - Wolfe Research Jason Gursky - Citi Sheila Kahyaoglu - Jefferies Peter Arment - Baird Ronald Epstein - Bank of America Gautam Khanna - TD Cowen Seth Seifman - JPMorgan Noah Poponak - Goldman Sachs David Strauss - Barclays Douglas Harned - Bernstein Gavin Parsons - UBS Scott Deuschle - Deutsche Bank Operator Good day, ladies and gentlemen, and welcome to the RTX Third Quarter 2024 Earnings Conference Call. My name is Latif, and I will be your operator for today.
Compared to Estimates, RTX (RTX) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for RTX (RTX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
RTX Beats on Q3 Earnings & Sales, Raises '24 Sales View
RTX's third-quarter sales total $20.09 billion, which surpasses the Zacks Consensus Estimate by 0.9%. The top line also surges a solid 49.2% year over year.
RTX (RTX) Q3 Earnings and Revenues Surpass Estimates
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.
RTX boosts 2024 forecasts again on demand for aircraft repairs, defense systems
RTX on Tuesday raised its 2024 adjusted profit and sales forecasts for the second time, citing strong demand for aircraft repairs and defense systems.
Lockheed Martin, RTX Lead Defense Earnings; These Names Near Buy Points
Analysts expect most defense contractors to report gains to earnings and revenue as Lockheed Martin and RTX lead results on Tuesday.
Here's Why RTX (RTX) Gained But Lagged the Market Today
RTX (RTX) reachead $125.92 at the closing of the latest trading day, reflecting a +0.14% change compared to its last close.
Should You Add RTX Stock to Your Portfolio Pre-Q3 Earnings Release?
RTX's earnings outpace the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.62%.
RTX Corporation: I Maintain A Buy Rating Despite Apparent Imbalance In Defense
RTX Corporation's defense contract value declined by 26.6% to $20.2 billion, driven by lower volumes and contract values, but not at an alarming rate. The $7.3 billion reduction in contract value was mainly due to specific program declines, including the F-35 and Patriot system, partially offset by radar and missile defense contracts. RTX has a diversified defense portfolio, with significant exposure to missiles, missile defense, radars, and aircraft engines, including the F-35 program.
RTX subsidiary Raytheon to pay more than $950 million to settle foreign bribery, export control fraud probes
The Raytheon subsidiary of defense contractor RTX agreed to pay more than $950 million to settle Department of Justice investigations into an alleged government contract fraud scheme, violations of foreign bribery laws and the Arms Export Control Act. "Raytheon engaged in criminal schemes to defraud the U.S. government in connection with contracts for critical military systems and to win business through bribery in Qatar," said Deputy Assistant Attorney General Kevin Driscoll.
RTX agrees to resolve US foreign bribery investigation
An RTX unit on Wednesday agreed to resolve criminal charges brought by the U.S. Department of Justice stemming from a long-running foreign bribery probe.
