Skyworks

Posted on | by Leon Hinde | Leave a Comment on Skyworks
Skyworks has recently shifted to Algo Engine buy conditions. Second quarter 2023 earnings will be released on 8 May.

Skyworks Q1 FY23 Results

  • Delivers Revenue of $1.329 Billion
  • Posts GAAP Diluted EPS of $1.93 and Non-GAAP Diluted EPS of $2.59
  • Generates Record Quarterly Operating Cash Flow of $773.4 Million
  • Returns $265.6 Million to Stockholders Through Dividends and Share Repurchases

Raytheon

Posted on | by Leon Hinde

Raytheon Technologies Corporation Common remains our preferred overweight exposure heading into first-quarter results. RTX reports on April 25, 2023.

January 24, 2023: Raytheon Technologies reported fourth-quarter sales of $18.1 billion, up 6 percent over the prior year. GAAP EPS from continuing operations of $0.96 was up 109 percent versus the prior year and included $0.31 of acquisition accounting adjustments and net significant and/or non-recurring charges. Adjusted EPS of $1.27 was up 18 percent versus the prior year. Both GAAP and Adjusted EPS included about 6 cents of a tax benefit associated with legal entity and operational reorganizations.
The company recorded net income from continuing operations attributable to common shareowners in the fourth quarter of $1.4 billion, up 108 percent versus the prior year which included $446 million of acquisition accounting adjustments and net significant and/or non-recurring charges. Adjusted net income was $1.9 billion, up 16 percent versus prior year. Operating cash flow from continuing operations in the fourth quarter was $4.6 billion. Capital expenditures were $855 million, resulting in free cash flow of $3.8 billion