Raytheon Technologies Reports Strong Second Quarter 2021 Results; Raises 2021 Outlook prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Raytheon Technologies Reports First Quarter 2021 Results; Sales, Adjusted EPS and Free Cash Flow Exceeded Expectations
Raises low end of full year sales and adjusted EPS outlook; Increases share repurchase plan to at least $2 billion of shares in 2021; Increases gross merger synergies to $1.3 billion
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First quarter 2021
Sales of $15.3 billion
GAAP EPS from continuing operations of $0.51, which included $0.39 of net significant and/or non-recurring charges and acquisition accounting adjustments
Adjusted EPS of $0.90
Achieved approximately $200 million of RTX synergies
Resumed share repurchase program, and repurchased $375 million of shares
Closed on the divestiture of Forcepoint for gross proceeds of $1.1 billion
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Raytheon Technologies Board of Directors Declares Quarterly Cash Dividend and Announces 7 Percent Quarterly Rate Increase
April 26, 2021 GMT
WALTHAM, Mass., April 26, 2021 /PRNewswire/ Raytheon Technologies Corporation (NYSE: RTX) announced today that its Board of Directors declared a dividend of 51 cents per outstanding share of RTX common stock, which represents an increase of more than 7 percent over the prior quarter’s dividend amount. The dividend will be payable on June 17, 2021 to shareowners of record at the close of business on May 21, 2021.
“The increase in our dividend reflects our long-standing commitment to deliver consistent and growing cash returns to shareowners,” said Raytheon Technologies chief executive officer Greg Hayes. “The outlook for our company is positive and we remain on track to return $18 to $20 billion to shareowners in the four years following the