Categories AlphaGraphs, Earnings, Industrials
Infographic: Raytheon Technologies Q1 sales up 10%; reaffirms FY23 guidance
Aerospace company Raytheon Technologies Corporation (NYSE: RTX) reported higher earnings and revenues for the first quarter of 2023.
Total sales increased 10% year-over-year to $17.21 billion in the first three months of fiscal 2023, with strong contributions from the core Collins Aerospace and Patt & Whitney segments. The management reaffirmed its full-year sales guidance at $72-73 billion.
At $1.22 per share, first-quarter adjusted earnings were up 6% from last year. On a reported basis, net profit advanced to $1.42 billion or $0.97 per share from $1.10 billion or $0.74 per share in the corresponding period of last year.
“Our previously announced business realignment, which is on track for July, will unlock additional value as we more fully integrate our teams and capabilities to drive improved customer solutions and operational performance,” said the company’s CEO Greg Hayes.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
LW Earnings: Key quarterly highlights from Lamb Weston’s Q3 2025 financial results
Lamb Weston Holdings, Inc. (NYSE: LW) reported its third quarter 2025 earnings results today. Net sales increased 4% to $1.52 billion compared to the same period a year ago. Net
CAG Earnings: Highlights of Conagra Brands’ Q3 2025 report
Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported a decrease in net sales and adjusted earnings for the third quarter of 2025. Net sales were
Fastenal Company (FAST) looks poised for a mixed start to FY25
Fastenal Company (NASDAQ: FAST) will report its first-quarter results on April 11, at 6:50 am ET. The company has been investing heavily to expand its digital footprint lately, and it
