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RTX Rockets Past Estimates: Q2 Sales and EPS Surge, 2024 Outlook Brightens
RTX Corporation (NYSE:RTX) shares are trading higher after the company reported second-quarter results and raised its 2024 outlook.
RTX's adjusted net sales increase 8% year-over-year to $19.791 billion, beating the consensus of $19.28 billion. Adjusted EPS grew 9% to $1.41, above the consensus of $1.30.
Collins Aerospace's sales were $6.99 billion (+10% Y/Y), driven by a 12% increase in commercial aftermarket and 10% in commercial OE, and a 7% increase in defense. The adjusted operating margin expanded by 210 bps Y/Y to 16.4%.
Pratt & Whitney's ...