RTX Q1 Book-to-bill Ratio $1.34, Backlog $202B
Portfolio Pulse from Benzinga Newsdesk
RTX reported a Q1 book-to-bill ratio of $1.34, indicating strong demand for its products and services, with a backlog of orders worth $202 billion.
April 23, 2024 | 10:57 am
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RTX's Q1 book-to-bill ratio of 1.34 and a backlog of $202 billion suggest strong demand and potential for future revenue growth.
A book-to-bill ratio greater than 1 indicates more orders were received than filled, signifying strong demand. A substantial backlog suggests the company has a significant amount of work ahead, which is likely to translate into future revenue, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100