$UTX (United Technologies Corporation)

$UTX {{ '2015-06-26T12:37:26+0000' | timeago}} • SEC

$UTX 1Q15 10-Q: During 1Q15, UTX recorded net pre-tax restructuring costs totaling $64MM, including $5MM in cost of sales and$59MM in selling, general and administrative expenses. The 2015 actions relate to ongoing cost reduction efforts, including workforce reductions and the consolidation of field operations.

$ATI {{ '2017-07-25T15:24:30+0000' | timeago}} • Announcement

$ATI has inked a Long-Term Purchase Agreement with Pratt & Whitney, a $UTX company, to supply isothermal forgings and nickel-based powder alloys for next-generation jet engines. The deal begins in 2017 and is expected to generate revenues in excess of $1Bil from 2017 to 2030.

$UTX {{ '2017-07-25T12:34:46+0000' | timeago}} • Announcement

$UTX said new equipment orders at Otis were flat for 2Q17 versus the prior year. Despite Carrier's plan to relocate fan coils manufacturing to Mexico and layoffs, orders at UTC Climate, Controls & Security increased by 11% organically. Commercial aftermarket sales were up 4% at Pratt & Whitney and were up 7% at UTC Aerospace Systems.

$UTX {{ '2017-07-25T12:16:57+0000' | timeago}} • Announcement

$UTX lifted its FY17 sales outlook to $58.5-59.5Bil from $57.5-59Bil, while narrowing its adjusted EPS guidance to $6.45-6.60 from $6.30-6.60. This is based on its strong year-to-date performance and outlook for the remainder of 2017. Following this, $UTX stock, which touched new 52-week of $124.79 recently, is trading higher in premarket session.

$UTX {{ '2017-07-25T12:12:05+0000' | timeago}} • Announcement

Following the uplift of dividend by 6.1% last month, $UTX's 2Q17 earnings came in-line with its expectations, on strategic priorities execution, including growth of its business through investments, aerospace backlog delivery, and cost reduction goals achievement. This was made despite maintaining a disciplined approach to capital allocation.

$UTX {{ '2017-07-25T12:07:01+0000' | timeago}} • Announcement

Diversified conglomerate $UTX reported a rise in 2Q17 earnings driven by lower income tax expenses, despite a rise in costs and expenses. Income from continuing operations rose 1% to $1.43Bil and EPS increased 5% to $1.80. Sales grew 3% to $15.3Bil, including a 3% organic growth. Adjusted EPS from continuing operations rose 2% to $1.85.

$UTX {{ '2017-07-25T11:34:00+0000' | timeago}} • Infographic

$UTX United Technologies Earnings AlphaGraphic: Q2 2017 Highlights.

$UTX {{ '2017-06-27T22:46:28+0000' | timeago}} • Announcement

$UTX is committed to employing approx. 1,100 people in its Carrier Indianapolis manufacturing facility and plans to invest $16MM in the facility. Carrier plans to relocate fan coil manufacturing production lines, which impacts about 600 Indianapolis jobs between now and 2017-end. Employees will have job opportunities at other $UTX facilities.

$UTX {{ '2017-06-14T22:18:55+0000' | timeago}} • Announcement

$UTX declared, effective July 5, 2017, a dividend of $0.70 per outstanding share of common stock, which represents a 6.1% increase over the prior quarter's dividend amount.  The dividend will be payable September 10, 2017, to shareowners of record on August 18.

$UTX {{ '2017-05-02T13:28:40+0000' | timeago}} • Announcement

$UTX successfully priced an offering of $1Bil of 1.900% notes due 2020, $500MM of 2.300% notes due 2022, $800MM of 2.800% notes due 2024, $1.1Bil of 3.125% notes due 2027 and $600MM of 4.050% notes due 2047.

$UTX {{ '2017-04-26T13:29:31+0000' | timeago}} • Webcast

At 1Q17-end, $UTX's inventories grew about $680MM, driven by Pratt & Whitney which totals about $4Bil of inventories. Engine building is ramping up, with 160 engines in 2016 to 350-400 in 2017 and doubling again in 2018. The company said this ramp up will improve the inventory turns and the inventory balance will be in line over the next 18 months.

$UTX {{ '2017-04-26T12:41:38+0000' | timeago}} • Webcast

$UTX expects margins at its Otis segment to decline around 100 basis points for FY17. The company said the pricing pressure from China is continuing through the P&L and will continue for a while. Otis operating profit margin for 1Q17 was 16.1%, compared with 17.2% a year ago.

$UTX {{ '2017-04-26T11:42:40+0000' | timeago}} • Announcement

In 1Q17, $UTX stated that its Otis new equipment orders rose 4% YoY at constant currency and 11% excluding China. Equipment orders at UTC Climate, Controls & Security increased by 7%.  Commercial aftermarket sales were up 7% at Pratt & Whitney and up 12% at UTC Aerospace Systems.

$UTX {{ '2017-04-26T11:39:08+0000' | timeago}} • Announcement

$UTX reaffirmed its 2017 expectations for adjusted EPS of $6.30-6.60 on sales of $57.5-$59Bil.

$UTX {{ '2017-04-26T11:36:36+0000' | timeago}} • Announcement

$UTX reported 23% growth in 1Q17 EPS, helped by 3% increase in sales to $13.8Bil. Net income was $1.38Bil, or $1.73 per share, compared to $1.18Bil, or $1.41 per share in the year-ago quarter. Adjusted EPS was $1.48, up 1% YoY.

$UTX {{ '2017-04-24T15:40:15+0000' | timeago}} • Announcement

$UTX declared a dividend of $0.66 per share payable June 10 to shareowners of record at the close of business May 19, 2017.

$UTX {{ '2017-04-03T13:35:41+0000' | timeago}} • Announcement

Ignatius Anandappa has joined $UTX as Corporate VP & GM, Digital Accelerator. Most recently he served as CIO at $GE Digital.

$UTX {{ '2017-02-24T13:42:29+0000' | timeago}} • Announcement

$UTX commenced an underwritten secondary offering of 4.24MM shares of common stock of $WSO. $WSO is not offering any shares of common stock and will not receive any proceeds from the sale of the shares offered.

$UTX {{ '2017-02-06T17:37:34+0000' | timeago}} • Announcement

$UTX's BoD declared a quarterly cash dividend of 66 cents per common share. The dividend is payable on March 10. 2017 to shareowners of record at the close of business Feb. 17, 2017.

$UTX {{ '2017-01-25T14:51:17+0000' | timeago}} • Webcast

For 2017, $UTX is focused on the tax reform by the new US government. Foreign exchange remains a watch item for the year. The company is also watching the economic environments in both China and Europe, its second and third largest markets. What happens with Brexit and the elections in France and Germany might create some uncertainty, said $UTX.

$UTX {{ '2017-01-25T14:30:29+0000' | timeago}} • Webcast

For 1Q17, $UTX expects EPS to be $1.35-1.40, helped by share buybacks. For the commercial businesses, both Otis and CCS, $UTX expects to see better YoverY profit performance in 2H17 than in 1H17.

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