Sign In
Search
Business/Financial

UTC’s Sales, Earnings Tumble But Margins Up On Cost Cutting

DDN
SHARE:

By Calvin Biesecker United Technologies [UTX] yesterday reported double-digit declines in third quarter sales and earnings due to weakness in most of its markets, although aggressive restructuring enabled the multi-industrial firm to boost its overall segment operating margins. Net income fell 17 percent to $1.1 billion, $1.14 earnings per share (EPS), from $1.3 billion ($1.13 EPS) a year ago, beating consensus estimates by two cents. The quarterly results included 13 cents EPS in restructuring costs after one-time gains versus three…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at [email protected] or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Pentagon

DoD Makes Cuts, Plans ‘AI-First’ Transformation For R&D Resource Center

Congress

Congress Faces Busy September With Looming Shutdown Deadline, Pending Civilian DoD Noms

Air Force

BREAKING: Union Machinists Go On Strike At Boeing Defense Plants in Missouri and Illinois

Advanced / Transformational Technology

GMTI Satellites to Launch in Next Year, Preceding AMTI for Space Force, Service Says

Trending

Big Department of Air Force Plus Ups from SAC-D Include C-130J; JASSM; EA-37B; Tranche 3, Transport Layer
No Explanation Yet from DoD or USAF on Classification Justification for Qatari Jet Program
Northrop Grumman Announces Completion of First Qualification Test of Sentinel Stage-Two Solid Rocket Motor
U.S. Space Force Announces Up to $4 Billion in Awards for PTS-G
MDA Seeks New Mobile Golden Dome Radar

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume