RTX Corp
RTX
Market Cap$166.79B
Close$
Earnings Call Q3 2024
October 22, 2024 - AI Summary
**Strong Financial Performance**: RTX reported adjusted sales of $20.1 billion for Q3 2024, representing a year-over-year growth of 6% and an 8% increase in organic sales, driven primarily by double-digit growth in the commercial aftermarket and defense sectors. Free cash flow for the quarter was robust at $2 billion.
**Updated Full-Year Outlook**: Based on strong Q3 results, RTX raised its full-year adjusted sales outlook to between $79.25 billion and $79.75 billion, up from $78.75 billion to $79.5 billion. The adjusted EPS guidance was also improved to a range of $5.50 to $5.58, showing an increase due to segment profit growth and favorable tax impacts.
**Record Bookings and Backlog at Raytheon**: Raytheon secured a record $16.6 billion in awards during the quarter, pushing its backlog to a record $60 billion with a book-to-bill ratio of 2.6. The international component of the backlog rose to 44%, indicating strong demand and potential for future revenue.
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$34.69
72.3% downside
Current Fair Value
72.3% downsideOvervalued by 72.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $166.79 Billion |
|---|---|
| Enterprise Value | $219.18 Billion |
| Dividend Yield | $2.48 (1.97909185220653%) |
| Earnings per Share | $2.24 |
| Beta | 0.54 |
| Outstanding Shares | 1,333,200,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 35.41 |
|---|---|
| PEG | -13.31 |
| Price to Sales | 2.12 |
| Price to Book Ratio | 2.67 |
| Enterprise Value to Revenue | 2.77 |
| Enterprise Value to EBIT | 28.54 |
| Enterprise Value to Net Income | 44 |
| Total Debt to Enterprise | 0.27 |
| Debt to Equity | 0.97 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Raytheon Technologies Corporation
CEO: Gregory Hayes