Rtx Corp (NYSE:RTX) stock fell 1.94% (As on January 29, 11:21:33 AM UTC-4, Source: Google Finance) though the company topped Wall Street estimates for quarterly profit on strong demand for its equipment. Its Pratt & Whitney unit, which produces airplane engines, reported an 18% jump in sales, driven by higher deliveries. The company said that 13 customers globally have selected its GTF engines to power 217 Airbus A321XLR aircraft. RTX’s Collins Aerospace segment also reported a 6% rise in sales to $7.54 billion, aided by a 13% increase in defense and a 12% rise in commercial aftermarket sales, beating the $7.33 billion estimate. Its Raytheon segment, which supplies military equipment, posted a 4% rise in sales to $7.16 billion, driven by higher volume on land and air defense systems, including the Patriot missiles used by Ukraine in its war with Russia, compared to estimates of $6.77 billion. Meanwhile, Pratt & Whitney saw its sales surge 18% YoY to $7.57 billion, well above the $7.02 billion projected by analysts. RTX reported a free cash flow (FCF) for the period of $492 million, an 87% decline year-over-year and below the estimate of $693 million. Operating cash flow in the fourth quarter was $1.6 billion. Capital expenditures were $1.1 billion

RTX in the fourth quarter of FY 24 has reported the adjusted earnings per share of $1.54, beating the analysts’ estimates for the adjusted earnings per share of $1.38. The company had reported the adjusted revenue growth of 9 percent to $21.62 billion in the fourth quarter of FY 24, beating the analysts’ estimates for revenue of $20.52 billion. For the quarter, company backlog was of $218 billion; including $125 billion of commercial and $93 billion of defense. The company reported net income attributable to common shareowners in the fourth quarter of $1.5 billion which included $408 million of acquisition accounting adjustments, $61 million of restructuring, and $120 million of other net significant and/or non-recurring charges. Adjusted net income was of $2.1 billion was up 18 percent versus the prior year driven by growth in adjusted segment operating profit, partially offset by higher taxes and lower pension income.

RTX projected 2025 earnings in the range of $6 to $6.15 per share, compared with the Street estimate of $6.07 per share. It forecasted adjusted net sales between $83 billion and $84 billion, falling below the estimated $84.34 billion.