RTX: EPS up 2% in Q4

(CercleFinance.com) - Aerospace and defense group RTX (formerly Raytheon) reports adjusted fourth-quarter 2023 EPS up 2% to $1.
29, on sales up 10% to $19.8 billion.

With an order backlog of $196 billion, EPS of $5.06 and sales of $74.3 billion for 2023 as a whole, it expects target ranges of $5.25 to $5.40 and $78 to $79 billion for 2024.

RTX is also lowering its guidance for the period 2020-25, expecting only annual sales growth of 5.5% to 6%, as well as an expansion of its adjusted segment margin by 500 to 550 basis points.

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