🔹 Adj. EPS: $1.47 (Est: $1.35; ▲ +10% YoY) 🟢
🔹 Revenue: $20.31B (Est: $19.82B; ▲ +5% YoY) 🟢
FY25 Guidance (Reaffirmed)
🔹 Adj. EPS: $6.00–$6.15 (Est: $6.11) 🟡
🔹 Adj. Revenue: $83B–$84B (Est: $84.2B) 🟡
🔹 Free Cash Flow: $7.0B–$7.5B
🔹 Outlook excludes potential impacts from recently enacted U.S. & international tariffs
Segment Performance
Collins Aerospace
🔹 Sales: $7.22B (▲ +8% YoY)
🔹 Adj. Operating Profit: $1.23B (▲ +17% YoY)
🔹 Adj. ROS: 17.0% (▲ +130 bps)
🔸 Growth driven by commercial aftermarket (+13%) and defense (+10%)
Pratt & Whitney
🔹 Sales: $7.37B (▲ +14% YoY; Est: $6.94B) 🟢
🔹 Adj. Operating Profit: $590M (▲ +37% YoY)
🔹 Adj. ROS: 8.0% (▲ +130 bps)
🔸 Commercial aftermarket up 28% YoY; engine deliveries increased
Raytheon (Defense)
🔹 Sales: $6.34B (▼ -5% YoY)
🔹 Adj. Operating Profit: $678M (▲ +8% YoY)
🔹 Adj. ROS: 10.7% (▲ +120 bps)
🔸 Decline driven by divestiture; excluding it, sales were up 2%
Other Key Q1 Metrics
🔹 GAAP EPS: $1.14 (▼ -11% YoY)
🔹 Adj. Net Income: $2.0B (▲ +11% YoY)
🔹 Free Cash Flow: $792M (vs. -$125M YoY)
🔹 Operating Cash Flow: $1.31B (▲ +282% YoY)
🔹 Backlog: $217B (incl. $125B commercial / $92B defense)
🔹 Capital Returned: $900M (dividends + buybacks)
CEO Commentary
🔸 “We are off to a strong start to 2025 with 8% organic sales growth and 10% adjusted EPS growth… Our company is well positioned to perform operationally, and our teams remain focused on executing on our commitments and delivering our robust backlog.” – Chris Calio, CEO
🔸 Guidance excludes potential impacts from newly enacted tariffs, with further details to be shared during the earnings call.