Business

RTX Corp. Reports 5% Sales Growth to $20.3B in Q1 Amidst Dynamic Market Challenges

RTX Corp. Q1 Financial Highlights

RTX Corp. has announced a 5% increase in first-quarter revenue, reaching $20.3 billion year-over-year. Despite this growth, the company faced a 10% drop in net income to $1.5 billion, with earnings per share (EPS) decreasing by 11% to $1.14.

Segment Performance Overview

Collins Aerospace saw an 8% rise in sales to $7.2 billion, while Pratt & Whitney reported a 14% increase to $7.4 billion. Conversely, Raytheon experienced a 5% decline in sales, totaling $6.3 billion.

2025 Financial Guidance

Looking ahead, RTX has set its 2025 adjusted sales guidance between $83 billion and $84 billion, anticipating organic growth of 4% to 6%. The adjusted EPS is projected to be in the range of $6.00 to $6.15.

Leadership Perspective

"The current environment is clearly very dynamic, but our company is well positioned to perform operationally and our teams remain focused on executing on our commitments and delivering our robust backlog," stated CEO Chris Calio. The company boasts a significant backlog of $217 billion, comprising $125 billion in commercial and $92 billion in defense sectors.