Raytheon Technologies Reports Fourth Quarter 2020 Results, Announces 2021 Outlook
Exceeded 2020 cash conservation commitments
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WALTHAM, Mass., Jan. 26, 2021 /PRNewswire/ 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
Achieved $1.8 billion in cash conservation and $700 million in cost reduction actions
Robust defense backlog of $67.3 billion
Outlook for full year 2021
Sales of $63.4 - $65.4 billion
Adjusted EPS of $3.40 - $3.70
January 26, 2021
Exceeded 2020 cash conservation commitments
WALTHAM, Mass., Jan. 26, 2021 /PRNewswire/ 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
Achieved $1.8 billion in cash conservation and $700 million in cost reduction actions
Robust defense backlog of $67.3 billion
Outlook for full year 2021
Sales of $63.4–$65.4 billion
Adjusted EPS of $3.40–$3.70
Free cash flow of approximately $4.5 billion
Authorized a $5 billion share repurchase program in December; plan to repurchase at least $1.5 billion of shares in 2021
Obama Restricting Gun Speech
This past week, the National Rifle Association (NRA) issued a red alert to members concerning President Barack Obama’s end-run plan around Congress to criminalize firearms-related Free Speech that should alarm every American not just gun owners.
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