April 20, 2024

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Raytheon Technologies Reports Strong Second Quarter 2021 Results; Raises 2021 Outlook

WALTHAM, Mass., July 27, 2021 /PRNewswire/ — Raytheon Technologies Corporation (NYSE: RTX) reported second quarter 2021 results.

Second quarter 2021

  • Sales of $15.9 billion
  • GAAP EPS from continuing operations of $0.69, which included $0.34 of acquisition accounting adjustments and net significant and/or non-recurring charges
  • Adjusted EPS of $1.03
  • Operating cash flow from continuing operations of $1.3 billion; Free cash flow of $966 million
  • Company backlog of $151.8 billion; including defense backlog of $66.1 billion and book-to-bill of 1.12
  • Achieved approximately $185 million of incremental RTX synergies
  • Repurchased $632 million of RTX shares

Raytheon Technologies updates its

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