2Q 2023 Earnings Conference Call
2Q 2023 Highlights
Sales up 13% organically* year-over-year with 26% adjusted
segment operating profit* growth
Commercial aerospace momentum continues with aftermarket
sales up 27% and OE up 17% year-over-year
Defense backlog execution drives 5% year-over-year defense
sales growth
Realized $70M of incremental cost synergies; achieving previous
$1.5B target
Record RTX backlog of $185B; Received $25B of new awards;
1.34 Q2 book-to-bill
Returned $1.4B of capital to shareowners in Q2; including
$596M of share repurchases
Sales
RTX
*See Appendix for additional information regarding these non-GAAP financial measures.
Organic sales growth %*
Adjusted EPS*
Free cash flow*
Full Year Outlook
$73.0B - $74.0B
Prior: $72.0B - $73.0B
9% - 10%
Prior: 7% - 9%
$4.95 - $5.05
Prior: $4.90 $5.05
Adjusted segment margin* expansion of 110 basis points; revising 2023 outlook
~$4.3B
Prior: $4.8B
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