Reuters logo
United Tech Q4 profit down after large restructuring charges
January 23, 2013 / 12:10 PM / 5 years ago

United Tech Q4 profit down after large restructuring charges

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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below