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$UTX {{ '2017-10-25T18:09:51+0000' | timeago}} • Webcast

For full-year 2017, $UTX still sees operating profit at Otis to be down $125-175MM at actual FX. $UTX remains confident that Climate, Controls & Security will deliver low to mid-single digit organic sales growth and that operating profit growth will be at the low end of the $100-150MM range at actual FX.

$COL {{ '2018-01-24T21:30:34+0000' | timeago}} • Webcast

With regard to $COL acquisition, $UTX still does expect to close the deal sometime in midyear. $UTX is working through the second request with the DOJ right now. $UTX had earlier expected to fund part of the cash aspect of the deal through foreign cash and now the company is going to bring back about $1Bil a year to pay down the debt.

$UTX {{ '2018-01-24T21:17:40+0000' | timeago}} • Webcast

$UTX feels good about EPS growth outlook of $6.85-7.10, with all four business units contributing. As in the prior years, $UTX's earnings growth will be weighted more towards the back half of the year as it gets the benefit of cost reduction efforts. $UTX sees 1Q18 EPS to be basically flat to 2017, on the profile of the commercial businesses.

$UTX {{ '2018-01-24T21:14:32+0000' | timeago}} • Webcast

Operationally, $UTX continued to execute against its growing aerospace backlog. At Pratt & Whitney, $UTX shipped 374 Geared Turbofan engines in 2017, which is in the range of its 350-400 target and nearly triple its 2016 shipments. The company successfully implemented the engine improvements that it promised to customers in 2017.

$UTX {{ '2018-01-24T13:18:21+0000' | timeago}} • Announcement

$UTX announced the transformative $COL acquisition which will create a premier aerospace supplier. As a result of this proposed transaction, together with the investments in the company's businesses and in its digital strategies, $UTX is positioned well for years to come. The company expects all of its businesses to grow sales and earnings in 2018.

$UTX {{ '2018-01-24T13:17:45+0000' | timeago}} • Announcement

$UTX expects FY18 adjusted EPS of $6.85-7.10 and total sales of $62.5-64Bil, which includes organic sales growth of 4-6%. The company predicts free cash flow in the range of $4.5-5.0Bil. In 2018, $UTX expects accelerating organic sales and adjusted EPS growth along with strong cash generation. The outlook excludes proposed $COL acquisition.

$UTX {{ '2018-01-24T13:17:18+0000' | timeago}} • Announcement

$UTX's commercial aftermarket sales for 4Q17 were up 25% at Pratt & Whitney, and up 10% at UTC Aerospace Systems. Otis new equipment orders rose 1% at constant currency, with solid growth in the U.S. and Europe and continued pricing pressure in China. Equipment orders at UTC Climate, Controls & Security increased 9% organically.

$UTX {{ '2018-01-24T13:16:46+0000' | timeago}} • Announcement

$UTX reported a drop in 4Q17 earnings due to charge related to tax law changes and restructuring items. Income from continuing operations fell to $486MM or $0.50 per share from $1.12Bil or $1.26 per share last year. Net sales was $15.7Bil, up 7% over a year ago including 5 points of organic sales growth. Adjusted EPS rose 3% to $1.60.

$UTX {{ '2018-01-24T13:09:09+0000' | timeago}} • Infographic

$UTX United Technologies Corp. Earnings AlphaGraphic: Q4 2017 Highlights

$COL {{ '2018-01-11T15:45:20+0000' | timeago}} • Announcement

$COL's shareowners overwhelmingly approved the proposed acquisition of $COL by $UTX. $COL will be combined with UTC Aerospace Systems to create a new United Technologies business called Collins Aerospace Systems. The proposed transaction is expected to close by 3Q18.

$B {{ '2017-12-11T16:20:55+0000' | timeago}} • Announcement

$B appointed Peter Gutermann to the position of SVP, General Counsel and Secretary. Prior to joining $B, Gutermann served as Corporate VP, Chief Ethics & Compliance Officer for $UTX.

$COL {{ '2017-12-11T14:12:09+0000' | timeago}} • Announcement

$COL said it will convene a special meeting of its shareowners on Jan. 11, 2018 to vote on the proposals in connection with the proposed acquisition of $COL by $UTX. $COL shareowners of record on Dec. 8, 2017 will be entitled to vote and the annual meeting is set for Feb. 1, 2018.

$UTX {{ '2017-11-30T14:33:46+0000' | timeago}} • Announcement

$UTX named Paul Eremenko as Senior Vice President and Chief Technology Officer, effective Jan. 1, 2018. Eremenko succeeds J. Michael McQuade, who will retire next year.

$UTX {{ '2017-11-06T16:08:44+0000' | timeago}} • Announcement

$UTX successfully priced an offering of EUR750MM of senior floating rate notes due 2019. The offering is expected to close on Nov. 13, 2017. Net proceeds from the offering are expected to be used to fund the repayment of commercial paper and for general corporate purposes.

$UTX {{ '2017-10-25T18:19:17+0000' | timeago}} • Webcast

$UTX had a commitment to Airbus and to Bombardier to deliver a certain number of engines this year to support their aircraft production plans. $UTX build 120 actual engines during 3Q17 and is on the way to hit that 350 to 400 next year and probably almost doubling that again next year.

$UTX {{ '2017-10-25T18:13:34+0000' | timeago}} • Webcast

For 3Q17, $UTX's Aerospace Systems delivered 4% profit growth on flat organic sales. With solid year-to-date results at Aerospace Systems, $UTX continues to expect operating profit to be up $50-100MM for the full-year 2017 and likely toward the high end of the range on low single digit organic sales growth.

$UTX {{ '2017-10-25T18:11:44+0000' | timeago}} • Webcast

$UTX's Pratt & Whitney has increased the allocation of GTF production to the spare engine pool, which lowers total negative engine margin. This, along with the higher commercial aftermarket volume, leads $UTX to expect 2017 operating profit to be down $125-175MM, but likely closer to the $125MM end of the range.

$UTX {{ '2017-10-25T18:09:51+0000' | timeago}} • Webcast

For full-year 2017, $UTX still sees operating profit at Otis to be down $125-175MM at actual FX. $UTX remains confident that Climate, Controls & Security will deliver low to mid-single digit organic sales growth and that operating profit growth will be at the low end of the $100-150MM range at actual FX.

$UTX {{ '2017-10-25T18:06:03+0000' | timeago}} • Webcast

$UTX's sales from Otis for 3Q17 rose 2% organically, while operating profit fell 7% at constant currency. Contribution from higher volume and productivity was more than offset by continued pricing and mix pressure, predominantly in China as well as strategic investments in service and E&D. FX translation was 1 point tailwind to sales and earnings.

$UTX {{ '2017-10-24T12:08:10+0000' | timeago}} • Infographic

$UTX United Technologies Corp. Earnings AlphaGraphic: Q3 2017 Highlights

$UTX {{ '2017-10-24T11:33:01+0000' | timeago}} • Announcement

$UTX, which recently declared dividend of 70 cents a share, said new equipment orders at Otis for 3Q17 were down 4% at constant currency versus the prior year. Equipment orders at UTC Climate, Controls & Security rose by 2% organically. Commercial aftermarket sales were up 11% at both Pratt & Whitney and UTC Aerospace Systems.

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