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United Technologies (UTX) Issues Light Q4, FY15 EPS and Revenue Guidance

December 11, 2014 4:42 PM EST

(Updated - December 11, 2014 5:02 PM EST)

United Technologies (NYSE: UTX) said it is looking for FY15 EPS of about $7.10, with the consensus at $7.29.

Q4 EPS expected at about $1.60 with sales of about $17 billion. The consensus is looking for EPS of $1.68 and revs of $17.2 billion.

UPDATE - The official press release follows:

In a meeting with investors and analysts today, United Technologies Corp. (NYSE: UTX) President & Chief Executive Officer Gregory Hayes communicated the company's expectation for 2014 earnings per share of $6.80, at the mid-point of the previous earnings outlook of $6.75 to $6.85. The 2014 EPS expectation includes a charge of $0.25 related to a previously disclosed German tax litigation matter, which will be partially offset by approximately $0.20 of other favorable items. The company continues to expect sales for 2014 of approximately $65 billion. The company also anticipates 2015 earnings per share of $7.00 to $7.20, up 3 to 6 percent. Sales for 2015 are expected to be $66 billion to $67 billion, including 3 to 5 percent organic growth.

"2014 has been a solid year for United Technologies," Hayes said. "We expect to deliver earnings growth of 10 percent on a 4 percent increase in organic sales, despite a slow-growth global economy. With strong backlog and orders momentum exiting the year, we anticipate continued organic sales growth in 2015 across each of our businesses."

"It's an honor to lead such a great company," Hayes continued. "The UTC portfolio is well positioned in growth markets and we've made the right investments to drive sustainable long-term shareholder value."



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