Edition:
United States

United Technologies Corp (UTX)

UTX on New York Consolidated

108.22USD
2 Dec 2016
Change (% chg)

$0.74 (+0.69%)
Prev Close
$107.48
Open
$108.04
Day's High
$108.57
Day's Low
$107.48
Volume
3,124,427
Avg. Vol
3,306,795
52-wk High
$110.00
52-wk Low
$83.39

Latest Key Developments (Source: Significant Developments)

UTC sees FY 2016 adjusted earnings per share $6.55 to $6.60
Tuesday, 25 Oct 2016 06:55am EDT 

United Technologies Corp : Utc reports third quarter 2016 results . Q3 adjusted earnings per share $1.76 . Q3 gaap earnings per share $1.74 . Q3 sales $14.4 billion versus i/b/e/s view $14.27 billion . Q3 earnings per share view $1.66 -- Thomson Reuters I/B/E/S . Sees fy 2016 adjusted earnings per share $6.55 to $6.60 . United technologies corp - increases 2016 full year adjusted eps and organic sales outlook. . Increases 2016 full year adjusted eps and organic sales outlook . Qtrly commercial aftermarket sales were up 11 percent at pratt & whitney, and up 2 percent at utc aerospace systems . United technologies corp - there is no change in company's previously provided 2016 expectations for free cash flow, share repurchases . United technologies corp - on track to return $22 billion in cash to shareholders from 2015 through 2017 . United technologies - otis new equipment orders in quarter increased 2 percent over prior year at constant currency and grew 8 percent excluding china . United technologies-sees 2016 total sales unchanged($57 to $58 billion, y-o-y growth of 2 to 3 percent) including organic sales growth of 2 to 3 percent . United technologies corp - qtrly equipment orders at utc climate, controls & security were flat on an organic basis .Fy2016 earnings per share view $6.58 -- Thomson Reuters I/B/E/S.  Full Article

United technologies sets quarterly dividend of $0.66 per share
Wednesday, 12 Oct 2016 02:00pm EDT 

United Technologies Corp:Sets quarterly dividend of $0.66 per share.  Full Article

United Techn to reduce pension liabilities by $1.77 bln
Thursday, 6 Oct 2016 05:01pm EDT 

United Technologies Corp : Announced two related actions that are expected to reduce overall size of its pension obligations by approximately $1.77 billion. . United technologies retirees,beneficiaries included in this group will not see any reduction in monthly payments . United technologies expects approximately 10,000 participants to take lump sum offer . Transactions to not diminish plans' funded status,not expected to materially impact future pension expense or require additional contributions . Pension benefit program gives some former workers option to take one-time lump sum instead of future monthly pension payments . United technologies to reduce pension liabilities . Will transfer approximately $775 million of its outstanding pension benefit obligations to prudential insurance company of america . Also implemented program offering certain former u.s. Employees or beneficiaries with a vested pension benefit . Vested pension benefit action expected to reduce co's pension benefit obligations by approximately $995 million by year-end 2016 .Expects to recognize a one-time pretax pension settlement charge in range of $400 million to $530 million in q4 of 2016.  Full Article

Pratt & Whitney and Hanwha Techwin expand relationship with Singapore facility
Tuesday, 27 Sep 2016 07:00am EDT 

United Technologies Corp : Hanwha also acquired a call option from Pratt & Whitney to purchase additional equity as early as 2023 . Pratt & Whitney and Hanwha Techwin expand relationship with singapore facility and increase risk revenue collaboration on PurePower® engine programs . Signed an agreement for Hanwha to acquire a 30 percent equity interest in P&W NGPF Manufacturing Company Singapore Pte. Ltd .Pratt & Whitney retains control of sourcing of critical parts while sharing capital investment requirements with Hanwha.  Full Article

Bombardier provides C series program updates
Tuesday, 6 Sep 2016 07:00am EDT 

Bombardier Inc: Bombardier provides c series program updates . 2016 c series delivery schedule adjusted to reflect pratt & whitney engine delays . Consolidated revenue and ebit guidance reaffirmed . As a result, consolidated fcf usage guidance range adjusted to $1.15b to $1.45b from $1.0b to $1.3b . Expects to end year with a strong liquidity position . Remains on track to achieve both its 2018 cash flow neutral goal and its 2020 turn-around plan objectives. . Adjusted fy c series delivery forecast from 15 to 7 aircraft as a result of engine delivery delays by its supplier pratt & whitney . Has more than 300 firm orders and up to 800 orders including options and commitments for c series program . C series delivery adjustment will result in lower revenues at bombardier commercial aircraft for year without affecting ebit materially . As a result of delay, company now expects to be close to lower end of $16.5 to $17.5 billion revenue guidance range for 2016 .As a result of delay, company now expects free cash flow usage is expected to be in range of $1.15 to $1.45 billion for 2016.  Full Article

United Technologies affirms its previously disclosed forecast
Monday, 29 Aug 2016 07:15am EDT 

United Technologies Corp : Affirms its previously disclosed 2016 expectations of adjusted EPS of $6.45 to $6.60 . 2016 expectations for free cash flow, share repurchases, and the placeholder for acquisitions remain unchanged - SEC filing . Affirms 2016 Sales Target Of $57 Billion To $58 Billion (Y-O-Y growth of 2%-3%, including organic sales growth of 1%-3%) .FY2016 earnings per share view $6.57, revenue view $57.32 billion -- Thomson Reuters I/B/E/S.  Full Article

United Technologies CEO Greg Hayes says starting to see traction on aerospace side of business - CNBC
Tuesday, 26 Jul 2016 10:02am EDT 

: United Technologies CEO Greg Hayes says starting to see traction on aerospace side of business - CNBC (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

UTC Q2 adjusted earnings $1.82/ share
Tuesday, 26 Jul 2016 06:55am EDT 

United Technologies Corp : UTC reports second quarter 2016 results . Q2 adjusted earnings per share $1.82 . Q2 GAAP earnings per share $1.71 . Q2 earnings per share view $1.68 -- Thomson Reuters I/B/E/S . Q2 sales $14.9 billion versus I/B/E/S view $14.67 billion . Equipment orders at UTC climate, controls & security decreased by 4 percent in the quarter . Commercial aftermarket sales were up 20 percent at Pratt & Whitney, and up 5 percent at UTC Aerospace Systems in quarter . Otis new equipment orders in quarter decreased 4 percent over prior year at constant currency . Increases 2016 full year sales and adjusted EPS outlook . Raising low end of 2016 adjusted EPS outlook by 15 cents to $6.45 to $6.60 per share . Sees increased sales of $57 to $58 billion in 2016 . No change in previously provided 2016 expectations for free cash flow, share repurchases, and placeholder for acquisitions . Sees 2016 organic sales growth of 1 percent to 3 percent . Full-year 2016 earnings per share view $6.55, revenue view $57.04 billion -- Thomson Reuters I/B/E/S .UTC says "Remain on track to meet our growth targets for 2020".  Full Article

United Technologies - Pratt & Whitney signs deal for up to 64 engines
Thursday, 14 Jul 2016 09:40am EDT 

United Technologies Corp : United Technologies Corp - Pratt & Whitney signs deal for up to 64 engines; Split order between Purepower® Geared Turbofan™ and V2500® engines .United Technologies Corp - Signed a deal for PW1100G-JM and V2500 engines to power up to 32 A320 family aircraft with an undisclosed leasing company.  Full Article

Air canada signs Pratt & Whitney PurePower engine services agreement
Wednesday, 13 Jul 2016 09:00am EDT 

Pratt & Whitney : Air canada signs pratt & whitney purepower® engine services agreement .Air canada signs services agreement with pratt & whitney for 15 years.  Full Article

Photo

Indiana agrees $7 million tax break to keep Carrier jobs in state: company

WASHINGTON Indiana state officials have agreed to give United Technologies Corp $7 million worth of tax breaks to encourage the company to keep at least 1,069 jobs at its Carrier unit in Indianapolis, Carrier and the state said on Thursday. | Video