/PRNewswire/ Raytheon Technologies Corp. (NYSE: RTX) ("Raytheon Technologies" or "RTC") today announced that it has commenced cash tender offers (each, an.
Raytheon Technologies Reports First Quarter 2021 Results; Sales, Adjusted EPS and Free Cash Flow Exceeded Expectations
Raises low end of full year sales and adjusted EPS outlook; Increases share repurchase plan to at least $2 billion of shares in 2021; Increases gross merger synergies to $1.3 billion
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First quarter 2021
Sales of $15.3 billion
GAAP EPS from continuing operations of $0.51, which included $0.39 of net significant and/or non-recurring charges and acquisition accounting adjustments
Adjusted EPS of $0.90
Achieved approximately $200 million of RTX synergies
Resumed share repurchase program, and repurchased $375 million of shares
Closed on the divestiture of Forcepoint for gross proceeds of $1.1 billion
Raytheon Technologies Reports Fourth Quarter 2020 Results, Announces 2021 Outlook
Exceeded 2020 cash conservation commitments
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WALTHAM, Mass., Jan. 26, 2021 /PRNewswire/ Raytheon Technologies Corp. (NYSE: RTX) reported fourth quarter 2020 and full year 2020 results, and announced its 2021 outlook.
Fourth quarter 2020
Sales of $16.4 billion; Adjusted sales of $16.6 billion
GAAP EPS from continuing operations of $0.10, which included $0.64 of net significant and/or non-recurring charges and acquisition accounting adjustments
Adjusted EPS of $0.74
Achieved $1.8 billion in cash conservation and $700 million in cost reduction actions
Robust defense backlog of $67.3 billion
Outlook for full year 2021
Sales of $63.4 - $65.4 billion
Adjusted EPS of $3.40 - $3.70