RTX - Defense Conglomerate RTX Stock Soars - Q3 Earnings Buyback Business Sale And More | Benzinga
RTX Corporation (NYSE: RTX) reported a third-quarter FY23 adjusted Net sales increased by 12% YoY to $18.95 billion, beating the consensus of $18.59 billion.
It clocked a GAAP sales decline of 21% year-over-year to $13.46 billion, reflecting the impact of the previously disclosed Pratt powder metal matter.
Adjusted EPS improved 3% Y/Y to $1.25, beating the consensus of $1.21.
At the end of the quarter, the backlog was $190 billion, of which $115 billion was from commercial aerospace and $75 billion was from defense.
RTX consolidated its business segments into Collins Aerospace, Pratt & Whitney, and Raytheon from 3Q23.
Collins Aerospace’s adjusted sales were $6.69 billion (+17% Y/Y) were driven by a 30% increase in commercial aftermarket, and a 27% increase in commercial OE. The adjusted ...