United Tech Q4 profit down after large restructuring charges

Wed Jan 23, 2013 7:08am EST

Jan 23 (Reuters) - United Technologies Corp reported a 26 percent decline in profit, reflecting large restructuring charges at the end of a year that saw the company close its largest-ever acquisition and sell several small units.

The diversified U.S. manufacturer said on Wednesday fourth-quarter earnings from continuing operations fell to $945 million from $1.28 billion a year earlier. Per-share profit from continuing operations came to $1.04, down from $1.42 a year earlier.

The results for the just-ended quarter included 25 cents per share of restructuring charges and other one-time items.

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