RTX Corp (NYSE:RTX, ETR:5UR) reported impressive financial results for the third quarter, with both sales and profit exceeding expectations.
The aerospace and defense company, parent of engine maker Pratt & Whitney, posted sales of $20.1 billion, ahead of estimates of $19.1 billion.
Adjusted earnings per share (EPS) of $1.45, up 16% year-over-year, handily beat expectations of $1.33.
It swung to a profit of $1.47 billion compared to a loss of $984 million in the year-ago quarter.
RTX exited the quarter with a record backlog of $221 billion, including $131 billion of commercial and $90 billion of defense.
It also raised its full-year adjusted sales outlook, now expecting adjusted sales in the range of $79.25 billion to $79.75 billion up from $78.75 billion to $79.5 billion.
Adjusted EPS expectations were also raised to $5.50 to $5.58 from prior guidance of $5.35 to $5.45.
"RTX delivered another strong quarter of organic sales growth, adjusted segment margin expansion, and free cash flow,” RTX CEO Chris Calio said in a statement.
"Demand across our portfolio, particularly within commercial aftermarket and defense, remains robust and gives us the confidence to again raise our full-year outlook for adjusted sales and adjusted EPS."
Shares of RTX traded 0.6% lower at $125 post-earnings.