Raytheon Slid Nearly 3% in Premarket Trading after Posting Its Financial Result

Tiger Newspress2022-01-25

Raytheon slid nearly 3% in premarket trading after posting its financial result.

Raytheon Technologies Corporation (NYSE: RTX) reported fourth quarter 2021 results and announced its 2022 outlook.

Fourth quarter 2021

  • Sales of $17.0 billion
  • GAAP EPS from continuing operations of $0.46, which included $0.62 of acquisition accounting adjustments and net significant and/or non-recurring charges
  • Adjusted EPS of$1.08
  • Operating cash flow from continuing operations of $3.2 billion; Free cash flow of$2.2 billion
  • Completed the acquisitions of Flight Aware and SEAKR Engineering, and the disposition of RIS' Global Training and Services business
  • Achieved approximately $190 million of incremental RTX gross cost synergies
  • Company backlog of $156 billion; including defense backlog of $63 billion
  • Repurchased $327 million of RTX shares

Full year 2021

  • Sales of$64.4 billion
  • GAAP EPS of$2.58
  • Adjusted EPS of$4.27
  • Operating cash flow from continuing operations of$7.1 billion; Free cash flow of$5.0 billion
  • Achieved approximately$760 million of incremental RTX gross cost synergies
  • Repurchased$2.3 billion of RTX shares

Outlook for full year 2022

  • Sales of$68.5-$69.5 billion
  • Adjusted EPS of$4.60-$4.80
  • Free cash flow of approximately$6.0 billion. Assumes the legislation requiring R&D capitalization for tax purposes is deferred beyond 2022.
  • Share repurchase of at least$2.5 billion of RTX shares
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Comments

  • JeremyKok
    2022-01-26
    JeremyKok
    Raytheon technologies is a good stock to buy and hold for long term. Do your own due diligence before you invest.
  • Lulup
    2022-01-25
    Lulup
    good 
  • VickJW
    2022-01-25
    VickJW
    Like and comment
  • MoonMoon
    2022-01-25
    MoonMoon
    Hi
  • Leo_T
    2022-01-25
    Leo_T
    Like pls. Tks
  • AliPharma
    2022-01-25
    AliPharma
    ok
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