Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



United Tech Confirms Earnings Outlook

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

United Technologies (NYSE: UTX  )  is sticking to its guns, and doubling down on its earlier predictions for 2013 earnings and revenues.

In a statement released Thursday morning, the industrial conglomerate confirmed that it expects to earn between $5.85 and $6.15 per share this year on sales of $64 billion to $65 billion. The company further advised that on the crucial "cash profitability" metric, it expects free cash flow to be "equal to or in excess of net income attributable to common shareowners."

Mathematically, what this works out to is free cash flow that could range anywhere from $4.95 billion to as high as $5.2 billion -- or more. However, in order to satisfy shareholders, the number had better be the "more" variant. Last year, UTC generated $5.26 billion in free cash flow, so anything less than that number this year would likely be viewed as bad news.

On the other hand, investors focusing on GAAP earnings will note that even the low end of UTC's earnings outlook would represent a modest 3.3% increase in per-share earnings from last year, and the high end -- 8.6%.

Investors appear to be hedging their bets. United Technologies shares are modestly higher in Thursday trading, up 0.2%, to $93.29.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2314232, ~/Articles/ArticleHandler.aspx, 10/8/2015 6:33:31 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

Today's Market

updated Moments ago Sponsored by:
DOW 17,050.75 138.46 0.82%
S&P 500 2,013.43 17.60 0.88%
NASD 4,810.79 19.64 0.41%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/8/2015 4:03 PM
UTX $94.33 Up +0.82 +0.88%
United Technologie… CAPS Rating: ****