Tue, Apr 22, 8:57 PM (25 days ago)
RTX Corporation (RTX) reported a solid financial performance for the quarter ended March 31, 2025. Total net sales increased by $1.0 billion to $20.3 billion, driven by organic growth across all segments, particularly in Pratt & Whitney and Collins Aerospace. Operating profit rose by $0.2 billion to $2.0 billion, with an operating margin of 10.0%. Net income attributable to common shareowners was $1.5 billion, with diluted earnings per share of $1.14. Key financial metrics include: - **Revenue**: $20.3 billion, up 5.2% year-over-year. - **Operating Profit**: $2.0 billion, up 8.6% year-over-year. - **Net Income**: $1.6 billion, down 7.4% year-over-year. - **Earnings Per Share (EPS)**: $1.14, down 10.9% year-over-year. Cash flow from operations was $1.3 billion, reflecting improvements in working capital management. The company maintained a strong liquidity position with $5.2 billion in cash and cash equivalents. RTX's effective tax rate was 17.0%, higher than the 5.8% rate in the previous year due to the absence of significant tax benefits. Segment performance highlights: - **Collins Aerospace**: Net sales increased by 8% to $7.2 billion, with operating profit up 28% to $1.1 billion. - **Pratt & Whitney**: Net sales rose by 14% to $7.4 billion, with operating profit up 41% to $580 million. - **Raytheon**: Net sales decreased by 5% to $6.3 billion, with operating profit down 32% to $678 million. RTX faces several uncertainties, including geopolitical risks, supply chain disruptions, and regulatory challenges. The company is addressing these issues through strategic initiatives and operational improvements. Future operations may be impacted by ongoing legal matters, export controls, and market conditions. RTX remains focused on delivering value to shareholders through innovation, operational excellence, and strategic investments.