United Technologies Reports 2018 Results, Announces 2019 Outlook
UNITED TECHNOLOGIES (UTX)
Last united technologies earnings: 1/28 06:30 am
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US:NYSE Investor Relations:
utc.com/investors/pages/default.aspx
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Source: PR Newswire
FARMINGTON, Conn., Jan. 23, 2019 /PRNewswire/ -- United Technologies Corp. (NYSE:UTX) reported fourth quarter and full year 2018 results above expectations and announced an outlook for continued sales, earnings and free cash flow growth in 2019. "2018 was a transformational year for United Technologies," said UTC Chairman and Chief Executive Officer Gregory Hayes. "We announced our intention to separate into three global, industry-leading companies, and closed the Rockwell Collins acquisition in November. We also delivered strong fourth quarter and full year 2018 results, including the best year of organic sales growth in over a decade, driven by our focus on meeting customer commitments, ongoing innovation, strong execution and cost reduction."Hayes continued, "Looking to 2019, our segment profit is expected to grow faster than sales, and free cash flow, excluding separation costs, is expected to grow faster than earnings. We remain laser focused on executing our strategic plans for
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