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23-Oct-2013 2:42 PM

UTC operating profit up 16% in 3Q2013, increases lower end of 2013 EPS forecast

United Technologies Corporation revenue up 3% - financial highlights for three months ended 30-Sep-2013:

  • Revenue: USD15,462 million, +2.8% year-on-year;
    • Otis: USD3188 million, +4.4%;
    • UTC Climate, controls and security: USD4237 million, -0.5%;
    • Pratt & Whitney: USD3386 million, -5.3%;
    • UTC Aerospace Systems: USD3312 million, +24.0%;
    • Sikorsky: USD1541 million, -65%;
  • Costs and expenses: USD13,283 million, +0.5%;
  • Operating profit: USD2366 million, +15.9%;
    • Otis: USD681 million, +4.6%;
    • UTC climate, controls and security: USD696 million, +10.1%;
    • Pratt & Whitney: USD439 million, +7.3%;
    • UTC Aerospace Systems: USD501 million, +84.9%;
    • Sikorsky: USD159 million, -21.7%;
  • Net profit: USD1432 million, +1.2%;
  • Total assets: USD90,326 million;
  • Cash and cash equivalents: USD4621 million;
  • Total liabilities: USD60,283 million. [more - original PR]

UTC: “Our solid year to date results, additional restructuring savings, and improving sales trends give us confidence to increase the lower end of our earnings per share range. We now expect 2013 earnings per share of USD6.10 to USD6.15, growth of 14 to 15 percent, up from USD6.00 to USD6.15 previously,” Louis Chênevert, Chairman & Chief Executive Officer. Source: Company statement, 22-Oct-2013.