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Earnings Flat At RTX In Fourth Quarter While Commercial Aerospace Lifts Sales; Calio Focusing On Defense Challenges

Cal Biesecker By
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Earnings Flat At RTX In Fourth Quarter While Commercial Aerospace Lifts Sales; Calio Focusing On Defense Challenges
Christopher Calio, president and CEO of RTX. Photo: RTX

RTX [RTX] on Tuesday posted flat earnings in its fourth quarter compared to a year ago due to various acquisition accounting adjustments and corporate expenses while sales increased largely due to work supporting commercial aircraft. Net income of $1.4 billion, $1.05 earnings per share (EPS), was clipped by $499 million in accounting adjustments and $40 million in higher corporate costs, partially offset by a gain from a customer settlement. Net income a year ago was $1.4 billion (96 cents EPS).…

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