The earnings call reflects a strong performance in 2024 with significant growth in sales and profitability. The commercial aerospace and defense segments show robust demand, backed by a solid backlog. However, RTX faces ongoing supply chain challenges and headwinds from divestitures and pension income. The company remains optimistic about 2025 with expectations of continued growth.

Company Guidance

During the RTX Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, highlighting an expected adjusted sales range of $83 billion to $84 billion, reflecting organic growth of 4% to 6% year-over-year. RTX anticipates segment profit growth of 10% to 13%, leading to continued segment margin expansion, with all three business segments contributing. Adjusted EPS is projected to be between $6.00 and $6.15, representing a 5% to 7% increase from the previous year. Free cash flow is expected to be between $7 billion and $7.5 billion, supporting capital returns to shareholders. The company emphasized its strategic priorities, including executing commitments, innovating for future growth, and leveraging scale, with substantial investments in research and development and capacity expansion.

Strong Financial Performance in 2024

RTX delivered $80.8 billion in adjusted sales, up 11% organically, with a 13% increase in adjusted EPS and $4.5 billion in free cash flow. The backlog reached $218 billion, up 11% year-over-year.

Commercial Aerospace Growth

Commercial OE grew 14%, and commercial aftermarket sales increased by 13%. Passenger air travel remains robust with global RPKs expected to grow by 8% in 2025.

Defense Segment Success

Defense sales grew by 9% organically, with a record $93 billion defense backlog. Raytheon's backlog is 44% international, up 8 points year-over-year.

Innovative R&D Efforts

RTX spent over $7.5 billion in R&D, advancing technologies such as the upgraded Coyote effector and the GTF Advantage at Pratt, with successful testing results.

Positive 2025 Outlook

RTX expects 2025 adjusted sales of $83-$84 billion, 10%-13% segment profit growth, and free cash flow between $7 billion and $7.5 billion.

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RTX (RTX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RTX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 29, 2025	2025 (Q1)	1.35 / -	1.34	―	―	―
Jan 28, 2025	2024 (Q4)	1.38 / 1.54	1.29	19.38% (+0.25)
Oct 22, 2024	2024 (Q3)	1.34 / 1.45	1.25	16.00% (+0.20)
Jul 25, 2024	2024 (Q2)	1.29 / 1.41	1.29	9.30% (+0.12)
Apr 23, 2024	2024 (Q1)	1.23 / 1.34	1.22	9.84% (+0.12)
Jan 23, 2024	2023 (Q4)	1.25 / 1.29	1.27	1.57% (+0.02)
Oct 24, 2023	2023 (Q3)	1.22 / 1.25	1.21	3.31% (+0.04)
Jul 25, 2023	2023 (Q2)	1.18 / 1.29	1.16	11.21% (+0.13)
Apr 25, 2023	2023 (Q1)	1.13 / 1.22	1.15	6.09% (+0.07)
Jan 24, 2023	2022 (Q4)	1.24 / 1.27	1.08	17.59% (+0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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RTX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 28, 2025	$125.05	$128.35	+2.64%
Oct 22, 2024	$125.23	$124.86	-0.30%
Jul 25, 2024	$103.72	$112.27	+8.24%
Apr 23, 2024	$99.88	$99.71	-0.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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