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RTX集团RTX Corporation(RTX)2025年第四季度及全年财报电话会议纪要「NYSE」(英文版)(27页).pdf

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1、Earningsconference call4th quarter 2025 2026 RTX Corporation.All rights reserved.January 27,20262Forward looking statementsNote:This investor webcast presentation contains statements which,to the extent they are not statements of historical or present fact,constitute forward-looking statements under

2、 the securities laws.These forward-looking statements are intended to provide RTX Corporation(RTX)managements current expectations or plans for our future operating and financial performance,based on assumptions currently believed to be valid and are not statements of historical fact.Forward-looking

3、 statements can be identified by the use of words such as believe,expect,expectations,plans,strategy,prospects,estimate,project,target,anticipate,will,should,see,guidance,outlook,goals,objectives,confident,on track,designed to,commit,commitment and other words of similar meaning.Forward-looking stat

4、ements may include,among other things,statements relating to future sales,earnings,cash flow,results of operations,uses of cash,share repurchases,tax payments and rates,research and development spending,cost savings,other measures of financial performance,potential future plans,strategies or transac

5、tions,credit ratings and net indebtedness,the Pratt powder metal matter and related matters and activities,including without limitation other engine models that may be impacted,targets and commitments(including for share repurchases or otherwise),and other statements which are not solely historical

6、facts.All forward-looking statements involve risks,uncertainties,changes in circumstances and other factors that are hard to predict,and each of which may cause actual results to differ materially from those expressed or implied in the forward-looking statements.For those statements,we claim the pro

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1. **2025年业绩表现**:RTX全年调整后销售额达886亿美元,同比增长11%;调整后EPS为6.29美元,同比增长10%;自由现金流79亿美元,增长43%。 2. **2026年展望**:预计调整后销售额920亿-930亿美元,有机增长5%-6%;调整后EPS 6.60-6.80美元;自由现金流82.5亿-87.5亿美元。 3. **业务亮点**: - 订单储备增长23%至2680亿美元,2025年新增订单1380亿美元。 - 各部门表现强劲:柯林斯航空航天(有机增长8%)、普惠(25%)、雷神(7%)。 4. **风险提示**:包含前瞻性陈述,涉及经济、政策、供应链等多重风险,以及粉末金属问题对GTF机队的影响。
**RTX前景如何?** **2026增长点在哪?** **粉末金属影响多大?**
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