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Raytheon Technologies Corp (RTX) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble.
Raytheon Technologies Corp (NYSE: RTX)
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Operator
Good day, ladies and gentlemen, and welcome to the Raytheon Technologies First Quarter 2021 Earnings Conference Call. My name is. Debra, and I will be your operator today. [Operator Instructions].
On the call today are, Greg Hayes, Chief Executive Officer and Neil Mitchill, Chief Financial Officer. This call is being carried live on the Internet and there is a presentation available for download from Raytheon Technologies website at www.rtx.com. Please note, except where otherwise noted, the Company will speak to results from continuing operations excluding net nonrecurring and or significant items and acquisition accounting adjustments, often referred to by management as other significant items. The company also reminds listeners that the ear
Raytheon Technologies Boosts FY21 Outlook
WASHINGTON (dpa-AFX) - While reporting financial results for the first quarter of fiscal 2021 on Tuesday, aerospace and defense company Raytheon Technologies Corp. (RTX) raised its adjusted earnings and sales outlook for the full-year 2021. The company also provided guidance for the second quarter.
The company also said its strong cash position and positive outlook allowed it to increase 2021 share buyback plan from to at least $2 billion from $1.5 billion and raise the second quarter dividend by over 7 percent.
For fiscal 2021, the company now projects adjusted earnings in a range of $3.50 to $3.70 per share on sales between $63.9 billion and $65.4 billion.