United Technologies Corp.
) recently reiterated its outlook for 2013 based on steady
improvements in key end markets and solid execution of its
operational plans. At the same time, the company intends to
remain committed to delivering sustainable organic growth through
continued focus on product development, best-in-class margins,
and strong cash generation.
For full year 2013, United Technologies expects sales to be in
the range of $64 billion to $65 billion, while earnings are
expected to be in the range of $5.85 to $6.15 per share. Cash
flow from operations net of capital expenditures is anticipated
to be equal to or higher than net income attributable to common
By segments, organic sales in
Climate, Controls, & Security
are expected to be up mid single digit each, while that in
UTC Aerospace Systems
are expected to be up by high single digit. Organic sales in
Pratt & Whitney
are anticipated to rise by low single digit each.
Operating profit from both Otis and Pratt & Whitney
segments are expected to increase by $100 million - $150 million
each. UTC Aerospace Systems are expected to report an increase in
operating profit to the tune of $2.1 billion, while Climate,
Controls, & Security is expected to register an increase in
the range of $150 million to $200 million. However, operating
profit in the Sikorsky segment is set to dip by $100 million to
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Based in Hartford, CT, United Technologies provides high-end
technology products and services to the building systems and
aerospace industries worldwide. The company is a diversified
business conglomerate serving various end markets such as
aerospace, defense and commercial construction. The business
diversification allows the company to remain profitable amid
tough economic times.
The operations of the company are primarily classified into two
principal businesses: commercial and aerospace. Under its
commercial business, the company has Otis and the UTC Climate,
Controls & Security division, which combined the former
Carrier and UTC Fire & Security divisions. The aerospace
business of the company consists of Sikorsky aircraft and the UTC
Propulsion & Aerospace Systems, which includes UTC Aerospace
Systems and Pratt & Whitney divisions.
United Technologies faces stiff competition from industry bigwigs
Koninklijke KPN N.V.
Jardine Strategic Holdings Ltd.
), each carrying a Zacks Rank #1 (Strong Buy), and
China Merchants Holdings (International) Company
) that carries a Zacks Rank #2 (Buy). United Technologies
presently has a Zacks Rank #3 (Hold).