RTX Reports Strong Growth and Record Backlog in Q1 2024
Tuesday, 23 April 2024, 18:00
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RTX had a successful first quarter in 2024 with organic sales up 12% and a segment operating profit growth of 10%. The commercial OE was up 33%, and the commercial aftermarket saw an 11% increase. On the defense side, growth was 7% year over year with a backlog of $77 billion. The company also shared updates on important initiatives such as the GTF fleet management plan and advancements in their core operating system and digital transformation. Overall, RTX is focused on achieving operational excellence, technological innovation, and long-term shareholder value.RTX Reports Strong Growth and Record Backlog in Q1 2024
RTX (RTX) Q1 2024 Earnings Call Transcript
Key Highlights:
Organic sales up 12%
Segment operating profit growth of 10%
Commercial OE up 33%
Commercial aftermarket up 11%
Defense growth of 7% with $77 billion backlog
RTX's successful first quarter in 2024 saw strong growth across segments, reaffirming their focus on operational excellence, innovation, and shareholder value.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.
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