United Technologies (UTX) Tops Q4 EPS by 4c

United Technologies (NYSE: UTX) reported Q4 EPS of $1.60, $0.04 better than the analyst estimate of $1.56. Revenue for the quarter came in at $15.7 billion versus the consensus estimate of $15.36 billion.

GUIDANCE:

United Technologies sees FY2018 EPS of $6.85-$7.10, versus the consensus of $6.75. United Technologies sees FY2018 revenue of $62.5-64 billion, versus the consensus of $63 billion.

"UTC had a strong finish to 2017," said Hayes. "Sales, adjusted EPS and free cash flow were all above the top end of our expectations. Our focus on innovation, execution and cost reduction led to our best year of organic sales growth since 2014, with all businesses contributing. We gained share in our commercial businesses and continued to execute on our growing aerospace backlog. UTC also announced the transformative Rockwell Collins acquisition which will create a premier aerospace supplier. As a result of this proposed transaction, together with the investments in our businesses and in our digital strategies, we are positioned well for years to come."

Hayes continued, "In 2018, we expect accelerating organic sales and adjusted earnings per share growth along with strong cash generation."

For earnings history and earnings-related data on United Technologies (UTX) click here.

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