Overview

* RTX Q3 revenue grows 12% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, rising 17% yr/yr

* Company raises 2025 outlook for adjusted sales and EPS

Outlook

* RTX raises 2025 adjusted sales outlook to $86.5 - $87.0 bln

* Company increases 2025 adjusted EPS forecast to $6.10 - $6.20

* RTX confirms 2025 free cash flow guidance of $7.0 - $7.5 bln

Result Drivers

* SEGMENT GROWTH - Double-digit organic sales growth across all segments driven by strong execution and demand, per CEO Chris Calio

* NEW AWARDS - $37 bln in new awards received in Q3, reflecting robust global demand for RTX products

* BACKLOG EXECUTION - Focus on executing $251 bln backlog and increasing output to support critical programs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $22.47 $21.31

Revenue bln bln (15

Analysts

)

Q3 $22.50

Adjusted bln

Revenue

Q3 Beat $1.70 $1.40

Adjusted (16

EPS Analysts

)

Q3 EPS $1.41

Q3 $4.63

Adjusted bln

Free

Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for RTX Corp ( RTX ) is $173.50, about 7.4% above its October 20 closing price of $160.71

* The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)