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

0 shares

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

How to curb emissions? Put a price on carbon

September 3, 2015

Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.

Customizing 3-D printing

September 3, 2015

The technology behind 3-D printing is growing more and more common, but the ability to create designs for it is not. Any but the simplest designs require expertise with computer-aided design (CAD) applications, and even for ...

Team develops targeted drug delivery to lung

September 2, 2015

Researchers from Columbia Engineering and Columbia University Medical Center (CUMC) have developed a new method that can target delivery of very small volumes of drugs into the lung. Their approach, in which micro-liters ...

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

0 comments

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.