NYSE$RTX
Raytheon-Technologies · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Raytheon Technologies reported a net loss due to significant charges, but demonstrated resilience in its defense business and achieved cost reduction and cash conservation targets.
Raytheon Technologies reported Q2 sales of $14.1 billion and adjusted sales of $14.3 billion. GAAP EPS was a loss of $2.56, including $2.96 of net charges. Adjusted EPS was $0.40. The company recorded a net loss of $3.8 billion, including $4.4 billion of net charges. Operating cash flow was $210 million, and free cash flow was an outflow of $248 million. Achieved ~$600 million of cost reduction and ~$1 billion of cash conservation actions.
- Sales of $14.1 billion; adjusted sales of $14.3 billion.
- GAAP EPS from continuing operations of a loss of $2.56, including $2.96 of net significant charges.
- Adjusted EPS of $0.40.
- Operating cash flow from continuing operations of $210 million; free cash flow outflow of $248 million.
Headline financials
Revenue & EPS history
Raytheon · Revenue · Quarterly
$14.1B
Revenue by segment
Raytheon · $11.3B total across 3 segments · Q2 2020
- Collins Aerospace$4.2B-36.1%37.3%
- Raytheon$3.59B—31.8%
- Pratt & Whitney$3.49B-32.3%30.9%
Forward guidance
Pressures in commercial aerospace are expected to persist with low OEM production levels and aftermarket activity. Taking actions to strengthen the business, including achieving cost and cash savings. Balance sheet remains strong and the defense business will help weather the storm.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.3%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+2.4%
Avg return
30 days after
44%
32 / 73 earnings
Positive
+8.7%
Q2 2024
Best reaction
-13.9%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.2% | -11.0% | -10.1% | |
| Q4 2025 | +3.1% | +3.5% | +1.8% | |
| Q3 2025 | +7.6% | +11.2% | +7.5% | |
| Q2 2025 | -0.4% | -1.3% | +0.1% | |
| Q1 2025 | -9.8% | -0.7% | +6.3% | |
| Q4 2024 | +2.6% | +3.1% | +4.4% | |
| Q3 2024 | +1.0% | -0.6% | -4.3% | |
| Q2 2024 | +8.7% | +11.5% | +13.1% | |
| Q1 2024 | -0.5% | -0.1% | +3.8% | |
| Q4 2023 | +5.3% | +6.3% | +5.3% | |
| Q3 2023 | +7.2% | +8.2% | +9.1% | |
| Q2 2023 | -11.0% | -10.0% | -12.2% | |
| Q1 2023 | -4.7% | -2.5% | -9.1% | |
| Q4 2022 | +3.9% | +3.5% | +3.5% | |
| Q3 2022 | +0.9% | +6.0% | +8.2% | |
| Q2 2022 | -4.5% | -1.4% | +1.6% | |
| Q1 2022 | -0.8% | -4.7% | -4.6% | |
| Q4 2021 | +1.0% | +2.5% | +7.0% | |
| Q3 2021 | -2.3% | -2.7% | -4.5% | |
| Q2 2021 | +1.5% | +1.2% | -1.4% | |
| Q1 2021 | +2.6% | +2.8% | +9.4% | |
| Q4 2020 | -1.2% | +0.7% | +10.6% | |
| Q3 2020 | -13.9% | -10.7% | +21.4% | |
| Q2 2020 | -2.8% | -7.2% | -0.3% | |
| Q1 2020 | +1.3% | -2.1% | +24.4% | |
| Q4 2019 | +1.2% | -0.5% | -12.5% | |
| Q3 2019 | -0.3% | +0.3% | +3.0% | |
| Q2 2019 | -0.5% | -2.0% | -9.5% | |
| Q1 2019 | +3.3% | +3.7% | +10.6% | |
| Q4 2018 | +0.9% | +2.2% | +2.2% | |
| Q3 2018 | -2.7% | -0.2% | +3.7% | |
| Q2 2018 | -2.0% | -0.7% | -1.8% | |
| Q1 2018 | -1.9% | -0.0% | -4.5% | |
| Q4 2017 | -0.1% | -0.6% | +5.2% | |
| Q3 2017 | -0.1% | +0.2% | -2.5% | |
| Q2 2017 | -0.1% | +1.4% | -3.0% | |
| Q1 2017 | -0.5% | +0.0% | +5.8% | |
| Q4 2016 | +0.6% | +1.1% | +1.6% | |
| Q3 2016 | +0.8% | +1.0% | +7.7% | |
| Q2 2016 | -0.6% | -1.2% | -0.3% | |
| Q1 2016 | -0.3% | — | — | |
| Q4 2015 | -1.2% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | -2.2% | — | — | |
| Q1 2015 | -2.5% | — | — | |
| Q4 2014 | +1.7% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +2.7% | — | — | |
| Q4 2013 | +2.6% | — | — | |
| Q3 2013 | -1.0% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | -0.5% | — | — | |
| Q4 2012 | +0.8% | — | — | |
| Q3 2012 | +1.1% | — | — | |
| Q2 2012 | +0.2% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2011 | +2.2% | — | — | |
| Q3 2011 | -0.4% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q4 2010 | +1.5% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q2 2010 | +0.3% | — | — | |
| Q1 2010 | -2.8% | — | — | |
| Q1 2009 | -2.8% | — | — | |
| Q4 2007 | -1.5% | — | — | |
| Q4 2009 | -1.5% | — | — | |
| Q3 2009 | -1.6% | — | — | |
| Q3 2008 | -1.6% | — | — | |
| Q2 2008 | -2.4% | — | — | |
| Q4 2008 | -2.4% | — | — | |
| Q2 2009 | -2.4% | — | — |
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