RTX — Jan 28, 2025 release

Fourth quarter 2024 • Sales of $21.6 billion, up 9 percent versus prior year, and up 11 percent organically* excluding divestitures • GAAP EPS was $1.10 and included $0.30 of acquisition accounting adjustments and $0.14 of restructuring and other net significant and/or no n-recurring charges • Adjusted EPS* of $1.54 , up 19 percent versus prior year • Operating cash flow of $1.6 billion ; free cash flow* of $0.5 billion • Company backlog of $218 billion; including $125 billion of commercial and $93 billion of defense • Returned $852 million of capital to shareowners Full year 2024 • Reported sales of $80.7 billion • Adjusted sales* of $80.8 billion, up 9 percent versus prior year, and up 11 percent organically* excluding divestitures • GAAP EPS was $3.55 and included $1.20 of acquisition accounting adjustments and $0.98 of restructuring and other net significant and/or non-recurring charges • Adjusted EPS* of $5.73, up 13 percent versus prior year • Operating cash flow of $7.2 billion; free cash flow* of $4.5 billion • Returned $3.7 billion of capital to shareowners, returning over $33 billion since the merger Outlook for full year 2025 • Adjusted sales* of $83.0 - $84.0 billion, including 4 to 6 percent organic growth* • Adjusted EPS* of $6.00 - $6.15 • Free cash flow* of $7.0 - $7.5 billion “RTX delivered a very strong year of performance in 2024 with 11 percent organic sales growth* and 13 percent adjusted EPS growth*, including segment margin expansion* in all three businesses,” said RTX President and CEO Chris Calio. 1 *Adjusted net sales (also referred to as adjusted sales), organic sales, adjusted operating profit (loss) and margin, adjusted segment operating profit (loss) and margin, adjusted net income, adjusted earnings per share (“EPS”), adjusted effective tax rate and free cash flow are non-GAAP financial measures. When we provide our expectation for adjusted net sales (also referred to as adjusted sales), adjusted EPS and free cash flow on a forward-looking basis, a reconciliation of these non-GAAP financial measures to the corresponding G AAP measures (expected diluted EPS and expected cash flow from operations) is not available without unreasonable effort due to potentially high variability, complexity, and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigati on, fluctuations in foreign