Rtx Corp (NYSE:RTX) stock rose 0.57% (As on October 23, 11:23:13 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the third quarter of FY 24. The company reported net income attributable to common shareowners in the third quarter of $1.5 billion which included $418 million of acquisition accounting adjustments, and $58 million of restructuring and other net significant and/or non-recurring charges. Adjusted net income of $1.9 billion was up 7 percent versus the prior year. Operating cash flow in the third quarter was $2.5 billion. Capital expenditures were $552 million, resulting in free cash flow of $2.0 billion.

Moreover, Collins Aerospace had third quarter 2024 reported sales of $7,075 million, up 7 percent versus the prior year. The increase in sales was driven by a 14 percent increase in defense and a 9 percent increase in commercial aftermarket, partially offset by an 8 percent decrease in commercial OE. The increase in defense sales was driven by higher volume across multiple programs, and the increase in commercial aftermarket sales was driven by continued growth in commercial air traffic, including higher flight hours. Pratt & Whitney had third quarter 2024 reported sales of $7,239 million. Adjusted sales* of $7,239 million, were up 14 percent versus the prior year driven by a 13 percent increase in commercial aftermarket, a 20 percent increase in military, and a 9 percent increase in commercial OE. The increase in commercial sales was driven by higher aftermarket volume, as well as favorable OE mix in Large Commercial Engines. The increase in military sales was driven by higher sustainment volume across the F135 and F117 platforms, as well as higher development volume driven by the F135 Engine Core Upgrade program.

RTX in the third quarter of FY 24 has reported the adjusted earnings per share of $1.45, beating the analysts’ estimates for the adjusted earnings per share of $1.34. The company had reported the adjusted revenue growth of 6 percent to $20.1 billion in the third quarter of FY 24, beating the analysts’ estimates for revenue of $19.84 billion. This is up 8 percent organically excluding the divestiture of the Cybersecurity, Intelligence and Services business

Rtx Corp sees FY 2024 EPS to be in the range of $5.50-$5.58 versus the analyst consensus of $5.47. Rtx Corp sees FY 2024 revenue to be in the range of $79.25B-$79.75B versus the analyst consensus of $79.50B.