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Business/Financial

RTX’s Earnings Benefit From One-Time Gains; Boosting Missile Integration Capacity

By Cal Biesecker

Tuesday, April 23rd, 2024

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RTX’s Earnings Benefit From One-Time Gains; Boosting Missile Integration Capacity

Christopher Calio, president and CEO of RTX. Photo: RTX

RTX [RTX] opened 2024 with strong sales growth led by its commercial aerospace businesses and net income was higher on one-time gains that more than offset various charges. Net income in the first quarter rose 20 percent to $1.7 billion, $1.28 earnings per share (EPS) from $1.4 billion (97 cents EPS) a year ago. One-time benefits included acquisition accounting adjustments, tax audit settlements, and $241 million from the sale of the Cybersecurity, Intelligence and Services business. These gains more than…

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