Summary
RTX Corporation reported total net sales of $20.3 billion for the first quarter of 2025, an increase of 5.2% compared to $19.3 billion in the prior year period. This growth was primarily driven by higher sales in the Pratt & Whitney and Collins Aerospace segments, with Pratt & Whitney experiencing a significant increase in commercial aftermarket sales and Collins Aerospace benefiting from increased commercial air traffic. The Raytheon segment saw a slight decline in net sales, largely due to the prior year's sale of its Cybersecurity, Intelligence and Services (CIS) business. Net income attributable to common shareholders decreased to $1.54 billion ($1.14 per diluted share) from $1.71 billion ($1.28 per diluted share) in the prior year quarter. This decline was influenced by various factors, including acquisition accounting adjustments, and the absence of significant one-time gains from the prior year, such as the sale of the CIS business and tax audit benefits. Despite the net income decrease, the company demonstrated solid operational performance with an increase in operating profit to $2.04 billion from $1.87 billion, supported by segment operating performance and favorable cost management, including the absence of certain charges recognized in the prior year.
Financial Highlights
51 data points| Revenue | $20.31B |
| R&D Expenses | $637.00M |
| SG&A Expenses | $1.45B |
| Operating Expenses | $18.27B |
| Operating Income | $2.04B |
| Net Income | $1.53B |
| EPS (Basic) | $1.15 |
| EPS (Diluted) | $1.14 |
| Shares Outstanding (Basic) | 1.34B |
| Shares Outstanding (Diluted) | 1.35B |
Key Highlights
- 1Total net sales increased by 5.2% to $20.3 billion compared to $19.3 billion in Q1 2024, driven by growth in Pratt & Whitney and Collins Aerospace.
- 2Operating profit rose by 8.8% to $2.04 billion from $1.87 billion, indicating improved operational efficiency and cost management.
- 3Net income attributable to common shareholders decreased by 9.9% to $1.54 billion from $1.71 billion, primarily due to the absence of one-time gains and the impact of acquisition accounting adjustments.
- 4Diluted earnings per share (EPS) declined to $1.14 from $1.28, reflecting the decrease in net income.
- 5Pratt & Whitney reported a 14% increase in net sales, largely driven by commercial aftermarket demand.
- 6Collins Aerospace saw an 8% increase in net sales, benefiting from strong commercial aerospace aftermarket activity.
- 7The company maintained a strong balance sheet with total assets of $164.9 billion and total equity of $63.3 billion as of March 31, 2025.