United Technologies (UTX) Tops Q1 EPS by 26c, Updates Outlook

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United Technologies Reports First Quarter 2018 Results, Raises 2018 Outlook

April 24, 2018 6:55 AM EDT

FARMINGTON, Conn., April 24, 2018 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX) today reported first quarter 2018 results and increased its full year sales and adjusted EPS outlook.

"We are off to a solid start in 2018," said UTC Chairman and Chief Executive Officer Gregory Hayes.  "Sales were up 10 percent, including 6 percent organic growth which represented our strongest first quarter organic growth rate since 2011, with all four businesses contributing. Our focus on innovation and execution is clearly paying off."

"Based on a strong first quarter performance and solid fundamentals at... More