United Tech (UTX) Offers No Frills Guidance; Outlook Appears Well Balanced - RBC
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UTC Announces 2016 EPS And Sales Expectations
December 10, 2015 4:30 PM ESTNEW YORK, Dec. 10, 2015 /PRNewswire/ -- In a meeting with investors and analysts today, United Technologies Corp. (NYSE: UTX) President and Chief Executive Officer Gregory Hayes will communicate the company's expectation for 2015 adjusted earnings per share (Adjusted EPS*) of $6.20 to $6.30, raising the lower end of the previous range by $0.05. In the current quarter, the company expects to record a $3.3 billion after-tax gain on the Sikorsky divestiture.
UTC anticipates 2016 adjusted earnings per share of $6.30 to $6.60. Sales for 2016 are expected to be $56 billion to $58 billion, with organic growth of 1 to 3... More
