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CAPITAL GOODS: Raytheon (RTX Baa1[N]/BBB+/NR): 2Q24 Results

CAPITAL GOODS

Small € issuer. Quick take:
Adj. operating income 10% ahead, FY EPS guidance upgraded. Looks a strong quarter, but FY FCF guidance downgraded. Unclear why for now, big positive WC effect this quarter so some swings there seem likely.

“*RTX CORP 2Q ADJ SALES $19.79B, EST. $19.3B

*RTX CORP 2Q FREE CASH FLOW $2.20B, EST. $647.5M

*RTX CORP SEES FY FCF ABOUT $4.7B, SAW ABOUT $5.7B, EST. $5.65B” - BBG

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