Raytheon Technologies (NYSE: RTX) reported Q1 EPS of $1.15, $0.14 better than the analyst estimate of $1.01. Revenue for the quarter came in at $15.7 billion versus the consensus estimate of $15.8 billion.

GUIDANCE:

Raytheon Technologies sees FY2022 EPS of $4.60-$4.80, versus the consensus of $4.79. Raytheon Technologies sees FY2022 revenue of $67.75-68.75 billion, versus the consensus of $69 billion.

• Sales of $67.75 - $68.75 billion, down from $68.5 - $69.5 billion. Driven by global sanctions on Russia.
• Confirms adjusted EPS of $4.60 - $4.80
• Confirms free cash flow of approximately $6.0 billion. Assumes the legislation requiring R&D capitalization for tax purposes is deferred beyond 2022.
• Confirms share repurchase of at least $2.5 billion of RTX shares

For earnings history and earnings-related data on Raytheon Technologies (RTX) click here.