United Technologies (UTX) Sees FY17 EPS of $6.30 to $6.60

In a conference call with investors and analysts today, United Technologies Corp. (NYSE: UTX) Chairman and Chief Executive Officer Gregory Hayes will communicate the company's expectation for 2017 adjusted earnings per share* of $6.30 to $6.60. Sales for 2017 are expected to be $57.5 billion to $59 billion, with organic sales growth of 2 to 4 percent.

(The Street sees EPS of $6.59 on revenue of $59.2 billion)

UTC also reaffirms 2016 adjusted EPS expectations* of $6.55 to $6.60 and sales of $57 to $58 billion, with both reported and organic year over year sales growth of 2 to 3 percent.

"We are on track to deliver 2016 results toward the higher end of the EPS range we provided last December. In 2017, we expect an increase in organic sales growth and solid cash generation, despite a slow growth macro-environment and continued investments in the aerospace ramp-up," said UTC Chairman and Chief Executive Officer Gregory Hayes.

"We remain confident in our 2020 outlook of mid to high single-digit organic sales growth. The investments we continue to make in our strong portfolio of industry leading businesses position UTC to deliver sustainable value for our shareholders and customers well into the future," Hayes continued.

Today's United Technologies presentation to investors and analysts will be broadcast live on the Internet with the audio and presentation materials available at www.utc.com or http://edge.media-server.com/m/p/j8h7pvfb, or to listen to the earnings call by phone, dial (877) 280-7280 between 5:10 p.m. and 5:30 p.m. ET. The webcast begins at 5:30 p.m. and an audio recording of the presentation will be archived on the site afterward.

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