NYSE$RTX
Raytheon-Technologies · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Commercial Aerospace continued to drive sales and EPS growth, defense book-to-bill of 1.35.
Raytheon Technologies reported a 3% increase in sales to $16.3 billion, with a GAAP EPS of $0.88, up 28% and adjusted EPS of $1.16, up 13% versus prior year. The company confirms sales of $67.75 - $68.75 billion and adjusted EPS to $4.60 - $4.80 and free cash flow of approximately $6.0 billion for full year 2022.
- Sales of $16.3 billion, up 3 percent versus prior year including 4 percent organic growth
- GAAP EPS from continuing operations of $0.88, up 28 percent versus prior year
- Adjusted EPS of $1.16, up 13 percent versus prior year
- Defense book-to-bill of 1.35
Headline financials
Revenue & EPS history
Raytheon · Revenue · Quarterly
$16.3B
Revenue by segment
Raytheon · $9.98B total across 2 segments · Q2 2022
- Collins Aerospace$5.01B+10.3%50.2%
- Pratt & Whitney$4.97B+16.1%49.8%
Forward guidance
Raytheon Technologies confirms sales, adjusted EPS, and free cash flow outlook for full year 2022.
Tailwinds
- Confirms sales of $67.75 - $68.75 billion
- Confirms adjusted EPS to $4.60 - $4.80
- Confirms free cash flow of approximately $6.0 billion
- Assumes the legislation requiring R&D capitalization for tax purposes is deferred beyond 2022
- Confirms share repurchase of at least $2.5 billion of RTX shares
Headwinds
- Expect the global supply chain environment will remain challenging near term
- Expect labor availability will remain challenging near term
- Expect inflation will remain challenging near term
- Actively engaged with our customers and suppliers to meet demand
- Focused on strategic investments in technology and innovation
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 2022
-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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