27-Jan-2011 2:59 PM

United Technologies Corporation net sales up 6.3% in 4Q2010

United Technologies Corporation reports (26-Jan-2011) the following consolidated financial highlights:

  • 3 months ended Dec-2010:
    • Net sales: USD14,864 million, +6.3% year-on-year;
    • Operating profit: USD1,853 million, +3.9%;
    • Net profit: USD1,199 million, +11.7%;
  • 12 months ended Dec-2010:
    • Net sales: USD54,326 million, +3.6%;
    • Operating profit: USD7,186 million, +12.7%;
    • Net profit: USD4,373 million, +14.2%. [more]

United Technologies Corporation: "End markets are recovering consistent with our expectations, supporting our 2011 sales outlook of USD56 billion to USD57 billion. We expect our strong operating leverage will drive further margin expansion and will allow us to deliver earnings growth of 7 percent to 13 percent with 2011 earnings per share of USD5.05 to USD5.35, even as we increase investment in transformational technologies. We again expect cash flow from operations less capital expenditures to equal or exceed net income attributable to common shareowners in 2011,” Louis Chenevert, UTC Chairman & Chief Executive Officer. Source: Company statement, 26-Jan-2011.

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