Business

RTX Corp. Reports a 5% Sales Surge to $20.3B in Q1 Despite a 10% Drop in Net Income

RTX Corp. Announces First Quarter Financial Results

RTX Corp. revealed its first-quarter revenue of $20.3 billion, marking a 5% increase year-over-year. However, the company faced a 10% decline in net income, settling at $1.5 billion, with earnings per share (EPS) decreasing by 11% to $1.14.

Segment Performance Highlights

Collins Aerospace saw an 8% sales rise to $7.2 billion, Pratt & Whitney's revenue climbed by 14% to $7.4 billion, while Raytheon experienced a 5% sales drop to $6.3 billion.

2025 Financial Outlook

RTX has set its 2025 guidance with adjusted sales projected between $83 billion and $84 billion, anticipating organic growth of 4% to 6% and an adjusted EPS ranging from $6.00 to $6.15.

Leadership's Perspective

"The current environment is clearly very dynamic, but our company is well positioned to perform operationally and our teams remain focused on executing on our commitments and delivering our robust backlog," stated CEO Chris Calio. The company boasts a backlog of $217 billion, comprising $125 billion in commercial and $92 billion in defense sectors.