Carrier Reports First Quarter 2021 Results
Raises Full-Year Outlook for Sales, Adjusted EPS and Free Cash Flow
- Sales of $4.7 billion, up 21% compared to 2020 including 17% organic growth
- GAAP EPS of $0.43 and adjusted EPS of $0.48
- Net cash flow from operating activities of $184 million and free cash flow of $131 million
- Increases full-year 2021 sales growth outlook to 7% to 10%, 5% to 8% organic
- Increases full-year 2021 adjusted EPS range to $1.95 to $2.05, and free cash flow of about $1.7 billion
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PALM BEACH GARDENS, Fla., April 29, 2021 /PRNewswire/ Carrier Global Corporation (NYSE: CARR) today reported financial results for the first quarter of 2021 and updated its full year outlook. Carrier is the leading global provider of healthy, safe and sustainable building and cold chain solutions.
Carrier Reports First Quarter 2021 Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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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
Raytheon’s first-quarter earnings beat Wall Street expectations By: The Associated Press 3 hours ago
Mounted on the back of a dune buggy, the Raytheon-built High Energy Laser Weapon System uses directed energy to defeat incoming drones. (Raytheon) WALTHAM, Mass. Raytheon Technologies on Tuesday reported first-quarter net income of $753 million, after reporting a loss in the same period a year earlier. The Waltham, Massachusetts-based company said it had net income of 50 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, came to 90 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.