United Tech sees sales rising with Goodrich buy

December 13, 2012

United Technologies Corp. says its purchase of aircrafts parts maker Goodrich Corp. will drive revenue growth next year, helping overcome Europe's weak economy and less U.S. defense spending.

The parent of maker Pratt & Whitney, Otis elevator and other companies tightened its 2012 profit outlook Thursday to $5.32 per share, from a previous range of $5.25 to $5.35, matching Wall Street expectations. The conglomerate, based in Hartford, Conn., maintained its $58 billion revenue guidance.

United Technologies to make $5.85 to $6.15 per share on revenue of $64 billion to $65 billion next year. Analysts expect $6.15 per share on revenue of $66.13 billion.

CEO Louis Chenevert told analysts at the company's annual outlook meeting Thursday that changes to ' portfolio will propel revenue growth.

Explore further: IBM bumps guidance again, but revenue falls short


Related Stories

Texas Instruments lowers 4Q outlook

December 9, 2011

(AP) -- Semiconductor maker Texas Instruments Inc. lowered its outlook for its fourth-quarter revenue and profit on Thursday, saying demand had weakened for a variety of products that use its chips.

United Tech to sell units to BC, Carlyle for $3.5B

July 26, 2012

(AP) — United Technologies Corp. said Wednesday that is selling three industrial-products businesses for $3.46 billion as it seeks to fund its proposed acquisition of aerospace-parts maker Goodrich Corp.

Recommended for you

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.