Raytheon Technologies (RTX) Tops Q4 EPS by 4c, FY21 Guidance Mixed
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Raytheon Technologies Reports Fourth Quarter 2020 Results, Announces 2021 Outlook
January 26, 2021 6:55 AM ESTWALTHAM, Mass., Jan. 26, 2021 /PRNewswire/ --Â Raytheon Technologies Corp. (NYSE: RTX) reported fourth quarter 2020 and full year 2020 results, and announced its 2021 outlook.
Fourth quarter 2020
Sales of $16.4 billion; Adjusted sales of $16.6 billion GAAP EPS from continuing operations of $0.10, which included $0.64 of net significant and/or non-recurring charges and acquisition accounting adjustments Adjusted EPS of $0.74 Operating cash flow from continuing operations of $1.4 billion; Free cash flow of $747 million Achieved $1.8 billion in cash conservation and $700 million in cost reduction actions Robust defense backlog of $67.3... More