🔹 Revenue: $22.48B (Est. $21.27B) 🟢; +12% YoY, +13% organic
🔹 Adj EPS: $1.70 (Est. $1.41) 🟢; +17% YoY
🔹 Adj Operating Profit: $2.97B; +20% YoY
FY25 Guidance (Raised):
🔹 Adj EPS: $6.10–$6.20 (Est. $5.95) 🟢; Prior $5.80–$5.95
🔹 Adj Sales: $86.5–$87.0B; Prior $84.75–$85.5B
🔹 Organic Sales Growth: 8–9% (Prev. 6–7%)
🔹 Free Cash Flow: $7.0–$7.5B (Unchanged)
Q3 Segments:
Collins Aerospace:
🔹 Revenue: $7.62B; +8% YoY
🔹 Adj Operating Profit: $1.19B; +9% YoY
🔹 Margin: 15.7% (+20 bps)
🔹 Growth driven by +16% Commercial OE, +13% Aftermarket, +6% Defense
Pratt & Whitney:
🔹 Revenue: $8.42B; +16% YoY
🔹 Adj Operating Profit: $751M; +26% YoY
🔹 Margin: 8.9% (+70 bps)
🔹 Boosted by +23% Commercial Aftermarket, +15% Military
Raytheon:
🔹 Revenue: $7.05B; +10% YoY
🔹 Adj Operating Profit: $859M; +30% YoY
🔹 Margin: 12.2% (+180 bps)
🔹 Driven by higher volume in land & air defense systems, naval programs, and classified work
Other Key Metrics:
🔹 Net Income: $1.92B; +30% YoY
🔹 Operating Cash Flow: $4.6B; +84% YoY
🔹 Free Cash Flow: $4.0B; +104% YoY
🔹 Backlog: $251B (Commercial $148B / Defense $103B)
🔹 Capital Returned: $0.9B; Debt Paid Down: $2.9B
Recent Updates:
🔹 Completed sale of Collins Actuation & Flight Control business
🔹 Received $37B in new awards, reflecting strong demand across all segments
🔹 Achieved 6th consecutive quarter of YoY adjusted margin expansion
CEO Commentary (Chris Calio):
🔸 “We delivered double-digit organic growth across all segments and expanded margins for the sixth straight quarter.”
🔸 “The $37B in new awards underscores robust global demand for our technology.”
🔸 “With strong execution and a record backlog, we’re raising our sales and EPS outlook for the year.”