Carrier Reports 2020 Results and Announces 2021 Outlook
Anticipates growth in sales, adjusted EPS, adjusted operating margin and free cash flow in 2021
Board authorizes $350 million share repurchase program
Full Year 2020 Highlights
- GAAP EPS of $2.25 and adjusted EPS of $1.66
- Reduced long-term debt by $1.0 billion and net debt by more than $2.8 billion since spin-off
Fourth Quarter 2020 Highlights
- GAAP EPS of $1.00 and adjusted EPS of $0.31
- Results included $50 million in vendor contract termination, legal and related costs
- Prepaid $1.75 billion term loan credit facility
Outlook for 2021
- Sales growth of 6% to 8%, organic sales up 4% to 6%, currency translation to add approximately 2%
- Adjusted operating margin of approximately 13.5%, up 70bps
Raytheon Technologies CEO to present at Barclays Industrial Select Conference
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WALTHAM, Mass., Feb. 9, 2021 /PRNewswire/ Raytheon Technologies (NYSE: RTX) Chief Executive Officer Greg Hayes will speak at Barclays Industrial Select Conference on Wednesday, Feb. 17 at 8:10 a.m. Eastern Time. The presentation will be broadcast live at www.rtx.com/investors and will be archived on the website afterward.
About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, forme
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