Raytheon Technologies (RTX) Tops Q3 EPS by 8c

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Go back to Raytheon Technologies (RTX) Tops Q3 EPS by 8c

Raytheon Technologies Reports Third Quarter 2020 Results

October 27, 2020 6:55 AM EDT

WALTHAM, Mass., Oct. 27, 2020 /PRNewswire/ -- Raytheon Technologies Corporation (NYSE: RTX) reported third quarter 2020 results.

Sales of $14.7 billion; Adjusted sales of $15.0 billion GAAP EPS from continuing operations of $0.10, which included $0.48 of net significant and/or non-recurring charges and acquisition accounting adjustments Adjusted EPS of $0.58 Operating cash flow from continuing operations of $1.6 billion Free cash flow of $1.2 billion Achieved ~$700 million in cost reduction and ~$1.9 billion in cash conservation actions Robust Defense backlog of $70.2 billion

"We... More