5 Key Conclusions From United Technologies' Latest Presentation
United Technologies (NYSE: UTX) CEO Greg Hayes' recent presentation at the Morgan Stanley Laguna Conference was unique in the sense that it contained many nuggets of information, not just for United Technologies, but actually for many different companies. Not only was it relevant for its future merger partner Raytheon (NYSE: RTN), but also for future investors in the companies (Otis and Carrier) that Hayes will spin off. Let's look at the key takeaways from the presentation.
Although Hayes didn't make any changes to the company's full-year guidance -- organic sales are still expected to grow in the 4% to 5% range, with adjusted EPS of $7.90 to $8.05 -- but he did say something that suggested some upside pressure on full-year guidance. Hayes noted that the EPS accretion from the Rockwell Collins takeover would be "north" of the $0.50 forecast in the second-quarter earnings presentations. For reference, the estimate of $0.50 was upgraded from initial guidance for $0.35.
A Raytheon missile being launched. Image source: Raytheon website
Source Fool.com
