RTX Lifts 2024 Outlook, Beats Q3 Expectations On Strong Defense And Commercial Growth
Portfolio Pulse from Akanksha Bakshi
RTX Corporation exceeded Q3 expectations with strong growth in defense and commercial sectors, leading to a raised 2024 outlook. The company reported a 6% increase in net sales and a 16% rise in adjusted EPS. Collins Aerospace and Pratt & Whitney showed significant growth, while Raytheon's sales were impacted by a divestiture. RTX's backlog is substantial, and the company continues to return capital to shareholders.
October 22, 2024 | 1:15 pm
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RTX Corporation's Q3 results exceeded expectations, with a 6% increase in net sales and a 16% rise in adjusted EPS. The company raised its 2024 outlook, driven by strong performance in defense and commercial sectors.
RTX's strong Q3 performance and raised 2024 outlook are likely to positively impact its stock price in the short term. The company's growth in key sectors and increased EPS guidance indicate robust business momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100