RTX Q4 2023: Flying High On Aerospace Strength
RTXRaytheon Technologies(RTX) Seeking Alpha·2024-01-30 16:18

baranozdemir Key Highlights Commercial Aerospace continues to fly high RTX' (NYSE:RTX) commercial aerospace businesses at Collins and Pratt were once again the key driver of revenue growth and margin expansion, both for Q4 and for FY23. Collins grew Q4 revenues by 12%, with operating margins ending the year at 14.8%. For the entirety of FY23, Collins revenues grew 13.6% with operating profit surging ~28% on the back of a 170bps margin expansion from higher volumes in both OE and aftermarket. Aftermarket spe ...