RTX - Why Is Aerospace And Defense Giant RTX Stock Rallying Today? | Benzinga
RTX Corporation (NYSE:RTX) reported fourth-quarter fiscal 2023 results, adjusted net sales increased by 10% year-over-year to $19.82 billion, beating the consensus of $19.7 billion.
RTX clocked a GAAP sales increase of 10% year-over-year to $19.93 billion. Adjusted EPS improved 2% Y/Y to $1.29, beating the consensus of $1.25.
At the end of the quarter, the backlog was $196 billion, of which $118 billion was from commercial aerospace and $78 billion was from defense.
Collins Aerospace’s sales were $7.12 billion (+14% Y/Y), driven by a 23% increase in commercial aftermarket and a 17% increase in commercial OE. The adjusted operating margin expanded by 120 bps to 14.8%.
Pratt & Whitney’s sales were $6.44 ...