RTX (NYSE: RTX) announced today that its Board of Directors declared a dividend of 68 cents per outstanding share of RTX common stock, which represents an increase of 7.9 percent over the prior quarter's dividend amount. The dividend will be payable on June 12, 2025 to shareowners of record at the close of business on May 23, 2025.

RTX Reports Strong First Quarter 2025 Results with Growth Across Commercial and Defense Segments

RTX (NYSE: RTX) delivered solid financial and operational performance in the first quarter of 2025, posting strong growth in sales, earnings, and cash flow. The company reported first-quarter sales of $20.3 billion, a 5 percent increase over the prior year and 8 percent growth on an organic basis, excluding divestitures.

GAAP earnings per share (EPS) came in at $1.14, which included $0.27 in acquisition accounting adjustments and $0.06 from restructuring and other non-recurring items. Adjusted EPS was $1.47, up 10 percent year-over-year. Net income attributable to common shareholders totaled $1.5 billion, while adjusted net income reached $2.0 billion, an 11 percent increase from the same quarter in 2024.

Operating cash flow totaled $1.3 billion, with $0.5 billion allocated to capital expenditures, resulting in free cash flow of $0.8 billion. RTX returned $0.9 billion in capital to shareholders through dividends and share repurchases.

The company’s backlog reached a record $217 billion, with $125 billion from commercial operations and $92 billion from defense. President and CEO Chris Calio highlighted strong commercial aftermarket performance as a key driver, with year-over-year growth of 21 percent.

"Organic growth was broad based and led by strength in commercial aftermarket, which was up 21 percent year-over-year driven by continued demand for our industry-leading products and solutions," said Calio. "The current environment is clearly very dynamic, but our company is well positioned to perform operationally and our teams remain focused on executing on our commitments and delivering our robust backlog."

**Full-Year 2025 Outlook**

RTX reaffirmed its full-year guidance, projecting adjusted sales in the range of $83.0 to $84.0 billion, with 4 to 6 percent organic growth. Adjusted EPS is expected to be between $6.00 and $6.15, and free cash flow is projected to total $7.0 to $7.5 billion. The outlook does not yet factor in the impact of recently enacted U.S. and international tariffs, which will be discussed further in the company’s earnings call.

For more information, visit https://www.rtx.com.

RTX (NYSE: RTX) will issue its first quarter 2025 earnings results on Tuesday, April 22, prior to

RTX Corporation announced that Gregory J. Hayes, the company's Executive Chairman, will step down from his role and the Board of Directors, effective April 30, 2025. Hayes will remain an employee in a non-executive role as Special Advisor to the CEO until January 2, 2026. The Board has elected Christopher T. Calio, the current President and CEO, to also serve as Chairman, effective April 30, 2025.

As Special Advisor, Hayes will continue to receive his $1.1 million annual base salary but will not be eligible for an annual incentive for 2025 or any additional equity or long-term incentive awards. He will, however, continue vesting in his existing long-term incentive awards under current terms. His participation in retirement, health, disability, and life insurance benefit programs will remain unchanged, and he will be eligible for an annual executive physical and financial planning services.

Hayes will no longer have access to Executive Chair-specific perquisites, including personal use of the corporate aircraft, home security services, and a company-provided car and driver, effective April 30, 2025.

RTX reported robust financial results for 2024, exceeding sales and earnings expectations, while projecting continued growth for 2025. In the fourth quarter, sales reached $21.6 billion, a 9% increase from the previous year (11% organic growth). GAAP EPS was $1.10, while adjusted EPS rose 19% to $1.54. The quarter also saw $1.6 billion in operating cash flow and $0.5 billion in free cash flow, with $852 million returned to shareholders. The company's backlog grew to $218 billion, comprising $125 billion in commercial and $93 billion in defense contracts.

For the full year, RTX reported sales of $80.7 billion and adjusted sales of $80.8 billion, reflecting 9% growth year-over-year (11% organic growth). Adjusted EPS increased 13% to $5.73, supported by $7.2 billion in operating cash flow and $4.5 billion in free cash flow. Shareholder returns amounted to $3.7 billion for the year, totaling over $33 billion since the company's merger.

Looking ahead to 2025, RTX expects adjusted sales between $83.0 billion and $84.0 billion, with 4-6% organic growth. Adjusted EPS is projected at $6.00-$6.15, alongside free cash flow of $7.0-$7.5 billion. CEO Chris Calio emphasized the company's strong performance, noting margin expansion across all segments.