2024

Billion

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">RTX (NYSE: RTX) reported a solid performance for the <a href="https://www.rtx.com/news/news-center/2024/07/25/rtx-reports-q2-2024-results" target="_blank" aria-label="second quarter of 2024 (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">second quarter of 2024</a>, showcasing significant growth in sales and operational efficiency. The company achieved reported sales of $19.7 billion, marking an 8% increase compared to the same period last year.</p> 
<p>On an organic basis, the sales growth was even more impressive at 10%. Adjusted sales for the quarter were slightly higher at $19.8 billion, also reflecting an 8% year-over-year increase. Despite these gains, the company’s GAAP EPS took a hit, dropping to $0.08 from $0.90 in the previous year, a 91% decline.</p> 
<p>This decrease was largely due to acquisition accounting adjustments and significant non-recurring items, including a $0.68 charge related to legacy legal matters and a $0.33 charge for a fixed-price development contract with a foreign customer at Raytheon.</p> 
<p>On a brighter note, RTX’s <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="dofollow" class="deco-link">adjusted EPS</a> stood at $1.41, a 9% increase from the prior year. The company also reported a robust operating cash flow of $2.7 billion and a free cash flow of $2.2 billion. The backlog remains strong at $206 billion, split between $129 billion in commercial and $77 billion in defense. RTX also realized $120 million in incremental gross cost synergies, further bolstering its financial health.</p> 
<h3 id="rtx-reports-1-41-adj-eps-for-q2-19-8-billion-in-revenue">RTX Reports $1.41 Adj. EPS for Q2, $19.8 Billion in Revenue</h3> 
<p>When compared to market expectations, RTX’s performance in Q2 2024 was a mixed bag. Analysts had projected an EPS of $1.29 and revenue of $19.28 billion. The company exceeded revenue expectations by reporting $19.8 billion, surpassing the forecast. <br><br>This revenue beat was driven by strong performance across its segments, particularly Collins Aerospace and Pratt &amp; Whitney, which saw sales increases of 10% and 19%, respectively. Collins Aerospace benefited from a 12% rise in commercial aftermarket and a 10% increase in commercial OE, while Pratt &amp; Whitney saw gains in both commercial and military segments.</p> 
<p>However, the reported GAAP EPS of $0.08 fell significantly short of the expected $1.29. This discrepancy was primarily due to the aforementioned non-recurring charges and restructuring costs. Adjusted EPS, which excludes these items, came in at $1.41, comfortably beating the market expectation. </p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="rtx-revises-full-year-2024-guidance-expects-adjusted-sales-in-the-range-of-78-75-billion-to-79-5-billion">RTX Revises Full-Year 2024 Guidance, Expects Adjusted Sales in the Range of $78.75 Billion to $79.5 Billion</h3> 
<p>RTX has revised its guidance for the full year 2024, reflecting its confidence in continued strong performance. The company now expects adjusted sales to be in the range of $78.75 billion to $79.5 billion, up from the previous guidance of $78.0 billion to $79.0 billion.</p> 
<p>This upward revision is based on the solid first-half performance and the strength in end markets. Adjusted EPS guidance has also been increased to a range of $5.35 to $5.45, up from the prior range of $5.25 to $5.40. However, the outlook for free cash flow has been revised downward to approximately $4.7 billion from the earlier estimate of $5.7 billion.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/rtx-q2-2024-adjusted-eps-soars-by-9-to-1-41/">RTX Q2 2024: Adjusted EPS Soars by 9% to $1.41</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

RTX Q2 2024: Adjusted EPS Soars by 9% to $1.41

目录

Tokenist

发布于 2024年7月25日的其他文章

Investors Drive AAVE Price Upward

LandWolf Price Prediction: WOLF Pumps 9% As This PEPE 2.0 ICO Goes Ballistic

Mystiko Network accused of insider trading in second airdrop

Ethereum Spot ETFs Debut in U.S. Exchanges, Supported by Major Issuers

Celebrity Memecoins Plummet on Solana

New Jersey wants to invest city pension fund in crypto ETFs

订阅我们免费的电子期刊，获取每日最新加密领域动态！