logo
Plus   Neg
Share
Email

United Technologies Sees Higher Profit, Sales In FY18 - Quick Facts

United Technologies Corp. (UTX) Wednesday said it expects fiscal 2018 adjusted earnings per share of $6.85 to $7.10. Total sales are expected between $62.5 billion to $64.0 billion, including organic sales growth of 4 to 6 percent.

On average, 18 analysts polled by Thomson Reuters expect earnings of $7 per share on sales of $63.08 billion. Analysts' estimates typically exclude special items.

In fiscal 2017, adjusted earnings per share were $6.65 and sales were $59.8 billion.

Free cash flow for the year is expected in the range of $4.5 billion to $5.0 billion.

Chairman and Chief Executive Officer Gregory Hayes said, "Our outlook demonstrates how our strategic investments are paying off. We are innovating for growth and expect all of our businesses to grow sales and earnings in 2018."

Hayes continued, "In 2018, we expect accelerating organic sales and adjusted earnings per share growth along with strong cash generation."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert for certain beef meatball products by Whole Foods Market, Inc. due to misbranding and undeclared milk, a known allergen. As per the warning, Amazon's Whole Foods Market sold an undetermined amount of beef meatballs with marinara sauce that were misbranded. Dr. Reddy's Laboratories, Inc. is recalling about 21,400 blister packages of certain prescription medications citing the risk of poisoning to children, the U.S. Consumer Product Safety Commission said. The recall involves various medications, such as Imatinib Mesylate Tablets 100 mg and 400 mg; Pregabalin Capsules 50 mg, 75 mg, 100 mg, and 150 mg; Sevelamer Carbonate Tablets 800 mg.... The Australian government has passed the newly amended Media Bargaining Code in the parliament which requires technology giants Facebook and Google to pay for local Australian news content that is shared on their platforms.
Follow RTT