24-Oct-2012 1:48 PM

United Technologies Corp profits down in 3Q2012

United Technologies Corp revenue up 6% – financial highlights for three months ended 30-Sep-2012:

  • Net sales: USD15,042 million, +5.7% year-on-year;
  • Operating profit: USD2041 million, -5.1%;
    • Otis: USD651 million, -10.9%;
    • Pratt & Whitney: USD409 million, -17.5%;
    • UTC Aerospace Systems: USD271 million, +32.8%;
    • Sikorsky: USD203 million, -5.6%;
  • Profit from continuing operations: USD1341 million, -3.1%;
  • Net profit: USD1415 million, +6.9%;
  • Total assets: USD91,946 million, +49.6% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: USD6242 million, +4.7% when compared to period ended 31-Dec-2011;
  • Total liabilities: USD65,855 million, +70.5% when compared to period ended 31-Dec-2011. [more – original PR]

United Technologies: “We expect earnings per share of USD5.25 to USD5.35 for 2012. Faced with a challenging economic environment, we are increasing our investment in restructuring this year to USD600 million, up from our prior plan of USD500 million, and continue to expect net one-time gains of USD600 million,” Louis Chênevert, chairman and CEO. Source: Company statement, 23-Oct-2012.