AI English summary of an SEC filing — figures as filed
RTX said sales for Q1 2024 were $19,305 million, up 12% from $17,214 million a year earlier. It said net income attributable to common shareowners was $1,709 million and diluted EPS was $1.28.
Key points
AI summaryRTX said sales for Q1 2024 were $19,305 million, up 12% from $17,214 million a year earlier. It said net income attributable to common shareowners was $1,709 million and diluted EPS was $1.28.
The company said adjusted EPS was $1.34, up 10% from a year earlier. It said GAAP EPS of $1.28 included $0.29 of acquisition accounting adjustments, a $0.21 benefit related to tax audit settlements, and a net gain of $0.18 on the divestiture of the Cybersecurity, Intelligence and Services business.
The company said operating cash flow for Q1 2024 was $342 million and capital expenditures were $467 million, resulting in a free cash outflow of $(125) million. It said operating cash flow in the prior-year period was $(863) million.
The company said backlog at the end of Q1 was $202 billion, including $125 billion of commercial aerospace and $77 billion of defense. It also reaffirmed its full-year outlook for sales of $78.0 to $79.0 billion, adjusted EPS of $5.25 to $5.40, and free cash flow of approximately $5.7 billion.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
RTX Q1 2024 Sales of $19,305 million, Net Income of $1,709 million
RTX said sales for Q1 2024 were $19,305 million, up 12% from $17,214 million a year earlier. It said net income attributable to common shareowners was $1,709 million and diluted EPS was $1.28.
Source · Based on the filing body and exhibits
Adjusted EPS of $1.34 and Special Items Included in GAAP EPS
The company said adjusted EPS was $1.34, up 10% from a year earlier. It said GAAP EPS of $1.28 included $0.29 of acquisition accounting adjustments, a $0.21 benefit related to tax audit settlements, and a net gain of $0.18 on the divestiture of the Cybersecurity, Intelligence and Services business.
Source · Based on the filing body and exhibits
Operating Cash Flow of $342 million and Free Cash Outflow of $(125) million in Q1
The company said operating cash flow for Q1 2024 was $342 million and capital expenditures were $467 million, resulting in a free cash outflow of $(125) million. It said operating cash flow in the prior-year period was $(863) million.
Source · Based on the filing body and exhibits
Backlog at $202 billion; Full-Year Outlook Reaffirmed
The company said backlog at the end of Q1 was $202 billion, including $125 billion of commercial aerospace and $77 billion of defense. It also reaffirmed its full-year outlook for sales of $78.0 to $79.0 billion, adjusted EPS of $5.25 to $5.40, and free cash flow of approximately $5.7 billion.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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