$RTX (+0.54%) | Q3'24 Earnings Highlights:

🔹 Adj EPS: $1.45 (Est. $1.34) 🟢; UP +16% YoY 

🔹 Sales: $20.1B (Est. $19.85B) 🟢; UP +6% YoY 

Raises FY24 Outlook: 

🔹 Adj EPS Guidance to $5.50–$5.58 (Prev. $5.35–$5.45; Est. $5.47) 🟢 

🔹 Adj Sales Guidance to $79.25B–$79.75B (Prev. $78.75B–$79.5B; Est. $79.5B) 🟢 

🔹 Free Cash Flow Guidance of approximately $4.7B

Other Key Metrics:

🔹 Operating Cash Flow: $2.5B; DOWN -24% YoY 

🔹 Free Cash Flow: $2.0B; DOWN -28% YoY 

🔹 Company Backlog: $221B, including $131B Commercial and $90B Defense

Collins Aerospace: 

🔹 Reported Sales: $7.075B; UP +7% YoY 

🔹 Adjusted Operating Profit: $1.096B; UP +5% YoY

Pratt & Whitney: 

🔹 Reported Sales: $7.239B; UP +14% YoY 

🔹 Adjusted Operating Profit: $597M; UP +45% YoY

Raytheon: 

🔹 Reported Sales: $6.386B; DOWN -1% YoY 

🔹 Adjusted Operating Profit: $661M; UP +16% YoY

Key Highlights: 

🔸 Returned $1.1B of capital to shareowners, totaling over $32B since the merger. 🔸

 Realized $90M of incremental RTX gross cost synergies, achieving the $2B post-merger target. 

🔸 Backlog stands at a record $221B, with strong demand in both commercial and defense sectors.

CEO Chris Calio's Commentary: 

🔸 "RTX delivered another strong quarter of organic sales growth, adjusted segment margin expansion, and free cash flow. Demand across our portfolio, particularly within commercial aftermarket and defense, remains robust and gives us the confidence to again raise our full year outlook for adjusted sales and adjusted EPS."