Raytheon Technologies (RTX) Tops Q2 EPS by 28c, Revenues Beat
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Raytheon Technologies Reports Second Quarter 2020 Results
July 28, 2020 6:55 AM EDTWALTHAM, Mass., July 28, 2020 /PRNewswire/ -- Raytheon Technologies Corporation (NYSE: RTX) reported second quarter 2020 results.
Sales of $14.1 billion Adjusted sales of $14.3 billion GAAP EPS from continuing operations of a loss of $2.56 and included $2.96 of net significant and/or non-recurring charges and acquisition accounting adjustments Adjusted EPS of $0.40 Operating cash flow from continuing operations of $210 million Free cash flow of an outflow of $248 million Achieved ~$600 million of cost reduction and ~$1 billion of cash conservation actions Combined book-to-bill... More